HomeMy WebLinkAboutCarmel/Smokey Hollow Water Reimburse
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WATER REIMBURSEMENT AGREEMENT BETWEEN
THE CITY OF CARMEL , INDIANA AND
SMOKEY HOLLOW ASSOCIATES
This Agreement entered this 22nd day of April, 1992, between
the City of Carmel, Indiana (hereinafter "Carmel" and Smokey Hollow
Associates, (hereinafter "Smokey")
WITNESSETH:
WHEREAS, Carmel has duly adopted and enacted Ordinance A-54
(January 5, 1982) that provides in part for the reimbursement by
Carmel of private funds expended for water main extensions as
determined by the board of Public Works and Safety, and
WHEREAS, Smokey desires to extend an off-site water main in
Smokey Ridge, section 6, Carmel, Indiana at an increase cost of
$6,800.00.
NOW, THEREFORE, the parties agree as follows:
1. This written Agreement entered prior to the commencement
of construction is executed by the parties pursuant to Ordinance A-
54 (Section 4.03 of the Carmel City Code) (January 5, 1992).
2. Smokey shall install and pay for the water main extension
in Smokey Ridge and advance the sum of $6,800.00 to or on behalf of
Carmel to pay for the construction of the water main extension.
3. Carmel determines such expenditure to be necessary to
provide adequate water to adjacent real estate and to meet the
requirements of Carmel.
4. Carmel and Smokey agree that Smokey shall be entitled to
reimbursement of the sum of $6,800.00 from the "Water main
extension fund" established pursuant to Ordinance A-54.
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5. Carmel's obligation shall be to repay funds from those
deposited in the "Water main extension fund" and Carmel does not
incur any liability for repayment other than to pay from funds
deposited in the "Water main extension fund".
IN WITNESS WHEREOF, the parties have executed this Agreement
on the date first above written.
, Mayor
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