4/7/1976 - Laserfiche WebLink

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4 1. veying any interest the corporation may have in the utility sewer plant and related utility fixtures and equipment and Agreements entered into by the corporation with third parties relating to the utility plant. In consideration thereof, INDIAN RIVER COUNTY and INDIAR gil R UTILITIES INC., agree that they will enter into a separate Contract INDIAN RIVER which shall provide that 3M UTILITIES, INC. shall at its expense continue to operate and maintain the sewer plant without any ownership interest therein until such time as a governmental body provides sewer service to the area now serviced by the sewer INDIAN RIVER plant. During the duration of the Contract term, UTILITIES, INC. shall receive all income generated from the sewer plant's operation. The parties agree that the Contract to be entered into may be terminated by INDIAN RIVER COUNTY only for cause after proper notice. The parties agree that during the term of the Contract, the sewer plant may not be expanded although additional hookups may be added up to its present capacity. dear. L. S,ch.l.itt i C. PEBBLE BAY, INC., by and througi 3�s surviving Trustee, shall convey all of its interest in the sewer plant and related utility fixtures and equipment, including the Franchise, to INDIAN RIVER COUNTY by.appropriate Bill of Sale, free and clear of all encumbrances. i D. EDGAR L. SCHLITT, as Trustee, snall assign all of f hin interest in the sewer plant and related Agreements to Indian River County. IN WITNESS WHEREOF, the natural parties hereto have set their hands and seals and the corporate parties have caused this contract to be executed in their names by their duly authorized officers and their corporate seals to be affixed, all in counterparts, on the day and year first above written. i Signed, sealed and delivered in the presences of: olooll Richarda e, n ly and as Trustee Ato Gale ! SELLER _1.976_ - _