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Addenda to Contract Number 400,000 Elevated-Gifford Tank, Dated 4-23-07 <br /> No. 1 <br /> Prior to the first year anniversary, the tank is to be renovated on the exterior. The interior is to be <br /> renovated prior to the third year anniversary date. The annual fee in Year 1 through Year 5 is set at <br /> $23 ,712.00 . Beginning in Year 6 , the annual fee reverts to the established base fee of $ 13 ,474. 00 . <br /> No. 2 <br /> PAYMENT TERMS: All applicable taxes are the responsibility of the Owner and in addition to the <br /> stated costs and fees in this contract. The first annual fee shall be invoiced on or before October 1 , <br /> 2007. The annual fee in Year 2 shall be due and payable October 1 , 2008 and each year thereafter on <br /> October 1 . <br /> No. 3 <br /> Should Indian River County Utilities-Vero Beach, Florida elect to cancel the contract prior to <br /> remitting the first five (5) annual fees, any outstanding balance for work completed shall be due and <br /> payable within thirty (30) days of notice to cancel. <br /> • tSSI � r <br /> r � <br /> Owner ' sem, ''•. { , Utility Servic o. c. <br /> by . t / by <br /> v <br /> date date (� _ � 6 - '7 <br /> wifne'ss. • witness <br /> tY ( tGN <br /> The above "sigHalories certify that they are duly authorized to sign this Contract and the Addenda on behalf of the entities <br /> represented. <br /> The Company reserves the right to assign any outstanding receivables from this Contract to its Bank or other Lending Institutions <br /> as collateral for any Loans or Lines of Credit. <br /> SEAL SEAL <br /> b ntY Ad in strator <br /> APP 0VED AS TO FORM <br /> AND GA SUF Y <br /> B <br /> MARIA F <br /> S S STA NT C O U NTY ATTORNEY <br /> Page 3 of 3 <br /> Copyright 2002 <br /> Utility Service Co., Inc. <br />