HomeMy WebLinkAboutCarmel/Waterstone Land Co. Sewer Reimburse
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APPROVED iY BPW
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SEWER REIMBURSEMENT AGREEMENT BETWEEN
THE CITY OF CARMEL I INDIANA AND
WATERSTONE LAND COMPANY
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This Agreement entered this ~day of ~"':;+ , 1993, between
the city of Carmel, Indiana (hereinafter "Carmel") and Waterstone
Land Company (hereinafter "Waterstone").
WITNESSETH:
WHEREAS, Carmel has duly adopted and enacted Ordinance S-41
(Ja:nuary-~4~f9~8-2-)-tnat~provi'des DYparY---for Ene reTm15ursement~by--~
Carmel of private funds expended for sewer main oversizing as
determined by the Board of Public Works and Safety, and Waterstone.
WHEREAS, Ivaterstone desires to oversize a sewer main at
windpointe, section II, and Stonewick, section II sUbdivisions,
Carmel, Indiana at an increase'cost of $.00.
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A. 1,738 ft. of 18" diameter
pipe @ $9.45/ft.
$16,424.10
B. 18" x 6" Wye 23 at $185.00/ea.
4,255.00
C. Sanitary Manhole - 1 each
1,808.00
TOTAL
$22,479.10
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 S-41 (Chapter 7 of the Carmel city Code)
(January 4, 1992).
2. Waters tone shall install and pay for the sewer main
oversizing at Win'dpointe, section II, and Stonewick
section II, subdivisions an advance the sum of $22,479.10
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to or on behalf of Carmel to pay for the. construction of
the sewer main.
3. Carmel determines such expenditure to b~ necessary to
provide adequate sewer to adjacent real estate and to
meet the requirements of Carmel.
4. Carmel and Waterstone agree that Waterstone shall be
entitled to reimbursement of the sum of $22,479.10 from
the "Interc~ptor .F:~D_d~ estal:Jlished l2.ursuant_to Qr,dinance__
S-41.
5. Carmel's obligation shall be to repay funds from those
deposited in the "Interceptor Fund" and Carmel
does not incur any liability for repayment other than to
pay from funds deposited in the "Interceptor Fund".
IN WITNESS WHEREOF, the parties have executed this Agreement
on the date first above written.
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san W. Repp, I (
Clerk-Treasurer
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Rick McKinney.;. "M~mber
Board of Public Works
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eve Brown, Mem er
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Geo ge e t
Waters tone Land Company
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