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s� <br />This Contract is conditioned upon the compliance of (a), <br />(b) and (c) below• in the event any of the conditions are not <br />satisfied prior to letting of the construction contract and the <br />beginning of construction, this Contract shall be null and void <br />and of no further effect • <br />a) COUNTY'S receipt.from the appropriate governmental <br />officials of a subordination agreement subordinating the <br />United States of America's priority ,interest in the income <br />from UDU retail activity in both sower and water to that of <br />INDIAN RIVER COUNTY. Said subordination must be in a form <br />satisfactory to COUNTY and its attorney. <br />• b) The receipt by COUNTY of a subordination agreement <br />• <br />:I from Indian River Utilities or similar third party operator <br />recognizing COUNTY'S claim to the first monies received up to <br />extent.of UDU'S monthly obligation to COUNTY prior to the third <br />party operator receiving any payment under the terms of their <br />contract with UDU. Said contract between UDU and third party <br />operator shall specifically provide for such.an understanding <br />.� <br />evidencing COUNTY'S priority claim. <br />q• <br />C) COUNTY'S approval by and through its engineer and <br />• <br />1 <br />Utilities Department of all proposed water lines, pumps, valves, <br />etc., pertaining to this Agreement prior to installation. Future <br />extensions to the present distribution system will be in <br />accordance with approved plans and meet the standards required= <br />? by COUNTY. COUNTY agrees that COUNTY requirements shall not exceed <br />the requirements of State Governmental Regulations or the <br />.; American Society For Testing Materials (ASTM) and COUNTY further <br />agreesthat as long as all materials meet the mi Arun standards <br />t <br />`R <br />' -of the American Society For Testing Materials (ASTM) the <br />i <br />appropriate State Agency approval shall be the criteria for the <br />COUNTY'S approval as to this condition. <br />1 <br />14. Management <br />In the event of default by UDU under the terms of this <br />Agreement, in lieu of terminating the Contract, the COUNTY may <br />at its or��' � . . a ma Lhe m'an 3s:..,=nt and operational functions of <br />' LAW OFFICES OF�BURCH. COLLINS & BROWN <br />I - <br />• <br />P. O. BOX 3666 744 BEACHLAND BOULEVARD • VERO BEACH. FLORIDA 32960 <br />11 <br />1 PHONE 567.3463 <br />{ <br />P. O BOX 20;6 221 NORTH U. S NO. I.- SEBASTIAN.• FLORIDA 32956 <br />f <br />PHONE 589.3156 <br />I} <br />i Y iA. 9i7 1�ak 414 <br />