12/6/1978 - Laserfiche WebLink

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e though it had sold the water to the customers. Ninety percent (90%) of all monies collected on these bills will be forwarded to Seller. Irrespective of the above, the parties agree -that the Purchaser is purchasing only the Accounts Receivable rep- resented on the December print-out. Those accounts are the unpaid -November balances, the then current balances plus the billing as of December 15, 1978. Counties purchased shall be evidenced by an assignment of the accounts from the Seller to Purchaser. The Purchaser's obligation to pay for the accounts are limited to a period of ninety (90) days from the date of ,and only to monies actually received. closing/ All monies received during the ninety (90) days after closing by the Purchaser shall be applied first to the oldest accounts of Seller on an age basis. Monies shall be remitted ;to Seller on a monthly basis. The parties specifically under- stand that Purchaser is not purchasing any 60, 90, or older day accounts of Seller, based on the December 15, 1978 print-out. The parties agree that in some cases credits have been given to customers and in those cases, said amounts wi•11 be deducted from amounts due the Seller. Any deposits held by Seller shall be credited on the closing statement at the time of closing. After closing at Purchaser's option, Seller agrees to continue 'billing on behalf of Purchaser for up to two (2) additional months with Purchaser paying the costs of said .billing which amounts to approximately .35 cents per customer. All customer billing shall be payable to aW address to be designated. IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date and year first above written. Witnesses: MID -FLORIDA UTILITIES, INS. By: President Attest: Assistant Secretary j (SELLER) INDIAN RIVER COUNTY, FLORIDA •AAA Attest: _ (PURCHASER) i 8a 3 pn143 DEC o 1978