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Addenda to Contract Number 750,000 Hvdropillar-Kings Highway 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 /> $48,489.00. Beginning in Year 6, the annual fee reverts to the established base fee of $20, 352. 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 /> Owner Utility Servl Co c. <br /> by � A� <br /> date 0�7 date (o�'a b - 4 7 <br /> witless witness <br /> The above signatories certify that they are duly authorized to sign this Contract and the Addenda on behalf of the entities <br /> represefrted. <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 /> C - is jm istrator . <br /> PPROVEu AS TO FORM <br /> XASSISTANT <br /> ALS FF NCY <br /> f " . <br /> RIA . L <br /> COUNTY ATTORNEY <br /> Page 3 of 3 <br /> Copyright 2002 <br /> Utility Service Co., Inc . <br />