1973-05-23 Regular Meeting - Laserfiche WebLink

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• • -2- II. CITY agrees to accept said sum as provided in the immediately preceding paragraph, in lieu of any front foot or square footage connection charge for water service against the above described 4.12-acre tract, subject to certain rights of reimbursement: by COMPANY from CITY, as hereinafter provided. III. IN the event that any other property owners within Blocks Eight Hundred Sixty-eight (868), Eight Hundred Sixty-nine (869), Eight Hundred Seventy (870), Eight Hundred Ninety-five (895) through Nine Hundred (900), both inclusive, and One Thousand Ninety-two (1092) through One Thousand Ninety-eight (1098), both • inclusive, all in the Town of La Porte, Harris County, Texas, and the property presently owned by Chemetron Corporation imme- diately North and adjacent to COMPANY's property; and the acreage tract situated between the Southern Pacific right-of-way, South "J" Street, 18th Street, and a westerly extension of South "K" Street, make connection to CITY water mains under a permit from the CITY within a period of ten (10) years from the date hereof, CITY agrees to reimburse COMPANY its customary water connection fees at the time of said connection, derived from the above described property, when, as and if collected by CITY, until the total of such fees reimbursed by CITY to COMPANY has reached the sum equal to the difference between the amount of money previously deposited by • COMPANY with CITY, pursuant to the terms of this agreement, less Two Thousand Three Hundred Forty-four Dollars ($2,344.00), which said sum of $2,344.00 shall constitute COMPANY's square foot con- nection charge and meter tap fee; provided, however, CITY shall have no further obligation to COMPANY under the terms of this agreement at the expiration of such ten-year period, regardless of whether COMPANY has been reimbursed said total sum calculated • as herein, provided. COMPANY agrees that CITY shall not have nor incur any liability for failure to collect or pay over to COMPANY any such sums, or for permitting or authorizing a service line