1982-039 - Laserfiche WebLink

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of be set off., in the manner indicated herein, against ironies Torn owes County hereunder, and WHEREAS, it is now necessary for the parties to set forth their mutual understandings in writing in this Agreement; WITNESSETH FOR AND IN CONSIDERATION OF THE COVENANTS SET FORTH HEREIN, th^ parties agree as follows; 1. The foregoing recitals are correct and incorporated herein.. 2. The Town is hereby bound to pay the County in the manner provided herein. The connection fee of $747.35 for each of seventy-five (75) connections; being comprised of: Pebble Beach Villas 72 Eckerd Drugs 1 7-11 Store 1 Bank 1 Total 75 the Town's total obligation being $56,051.25. 3. The Town agrees that this connection fee established by the County is a fair and equitable way to offset the initial capital costs of the necessary initial installation and upgrading of the wastewater system by the County pursuant to the November 5, 1980, tripartite Agreement. 4. The County agrees that the money derived from the Tann under this Agreement will be utilized by County to fulfill the obligations undertaken by County in the November 5, 1980, tripartite Agreement, including the expenditure of funds on the Pebble Bay Sewage Area Wastewater Improvement (Project #6765 Sverdrup Assocs., Inc. and Beindorf & Associates, Inc. a joint venture). 5. The County may request payment from the Town each time the County makes an expenditure in furtherance of its obligations in the November 5, 1980, tripartite contract, or in the County's option, may accumulate expenditures prior to requesting payment from the Town. Within seven (7) days of the request for payment by the County, the Town will nay an amount which bears the same proportion to the Town's total obligation to the County as the expenditure bears to the County's total anticipated expenditure on the project. 6. The County recognizes that pursuant to the November 5, 1980, Agreement the County is obligated to pay to the Town the pipe cost of running