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48 PAv <br />JAN 201989 <br />has the emergency. The installed cost of the booster pump and <br />appurtenances shall be split equally between the City and the <br />County with County receiving a credit for the City share at <br />the time County pays the City for the South Beach System. City <br />grants to County the right to use part of City's South Beach <br />power substation for the location of said booster pump, free <br />of charge, subject to mutual agreement as to parcel size and <br />location. <br />11. Fire hydrant rentals shall be prorated based upon City's <br />fiscal year, considering the number of months during which whole <br />or partial hydrant service was rendered. <br />12. This Contract is conditioned upon: <br />A. County raising outside funds to pay for the improve- <br />ments set forth in paragraphs 6A, 6B and 6C; <br />B. County obtaining a satisfactory commitment to finance <br />the South Beach project including the subaqueous crossing; <br />C. All necessary permits to construct and operate the <br />subaqueous line, appurtenances and improvements as set forth <br />in this Agreement. <br />In the event condition A is not satisfied within one hundred <br />twenty (120) days from the date of this Agreement, then -this <br />Agreement shall be declared null and void. In the event condition <br />A is satisfied within said 120 -day period and either condition <br />B or condition C is not satisfied within twenty-four (24) months <br />from the date of this Agreement, then County may elect to.turn <br />over to City all assets in existence on the date of this Agreement <br />as described in paragraph 5, the improvements as set forth in <br />paragraphs 6 and 10, all vested customers plus two hundred fifty- <br />five (255) additional customers (5/8" by 3/4" meters), and any <br />remaining unexpended escrow funds plus accrued interest. City <br />shall accept the conveyance by County and serve said customers <br />retail. The parties shall then terminate this Agreement for <br />non -satisfaction of either condition B or condition C. <br />13. County and City agree that the City shall continue to <br />provide retail wastewater service to customers now receiving <br />such service within the South Beach area. It is the intent of <br />-7- <br />