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In <br />JAN 20198 <br />($49,421.97). <br />The depreciated amount is subject to adjustment by <br />meters added or subtracted prior to transfer of the assets to <br />County. Additionally, the City is holding connection fees which <br />have been charged to and paid by the vested customers where no <br />meter has been set, in an estimated amount of TWENTY-FIVE THOUSAND <br />EIGHT HUNDRED EIGHTEEN DOLLARS AND SEVENTY-FIVE CENTS ($25,818.75). <br />5. On or before the lst day of November, 1981, the City <br />agrees to convey a good, working and operational water "12 - <br />inch line" lying within the South Beach area as described and <br />appurtenances, including water tower, yokes, customer base, <br />meters, meter boxes, pumps, real estate, etc., used by the <br />City while servicing the South Beach area with water. Title <br />to all the City's water utilities in the South Beach area shall <br />be conveyed free of encumbrances and liens, by customary manner <br />of conveyance. Conveyance shall include all easements, rights <br />of way and title to any fee property owned by the City and4 <br />used solely for water transmission and distribution purposes. <br />The County shall pay for the conveyances above defined on or <br />before thirty-six (36) months from the date of this Agreement <br />or the service transfer date, whichever occurs first, by paying <br />those amounts set forth in paragraph 4 of this Agreement, less <br />the credit for prepaid connection fees and depreciation. Prior <br />to execution of this Agreement, County's representatives and <br />City's representative shall make such tests and inspections <br />as are appropriate to insure satisfaction that all of the assets <br />being conveyed by the City to the County are in good operating <br />order. In the event repairs are necessary, City shall make <br />repairs either prior to execution of this Agreement or subsequent <br />to execution upon agreement between the parties. <br />The City agrees to provide retail water service to the existing <br />customers and additional vested customers, plus non -vested customers <br />according to the terms and limitations as hereinafter set forth. <br />A. City shall provide normal maintenance of the facilities <br />conveyed to County without charge to County during the term <br />of this Agreement. <br />-3- <br />