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1970 Carmel/Clay TwpZONING AGREEMENT THIS AGREEMENT, made and entered into by and between the Town of Carmel, Indiana, hereinafter referred to as Town and Clay Township of Hamilton County~ Indiana, hereinafter referred to as Township, WI77NESS~El WHEREAS, the Town and Township on the 2nd day of May, 1961, entered into an agreement by the terms of which the Township was joined ~' the Town of Carmel for the purpose of zoning; and WHEREAS. it is agreed that the Town and Township would review the anticipated expenses and income to be derived from the operation of the Zoning Law of the Town of Carmel each year, in sufficient time for the Township to include within its budget'a proportionate part of the anticipated zoning expense for the combined area of said Town and Township; and WHEREAS. pursuant zo said agreement the .Township did include its budgez for the year 1970 the sum of~Ten Thousand Dollars ($10, 000.-Q0) for regular zoning purposes. NOW THEREFORE, Township that: ii is mutually agreed by and between the Town and The Township agrees to pay the sum of Five Thousand Dollars ($5, 000. 00) unto the Town on or before July 15, 1970 and the additional sum of Five Thousand Dollars ($6, 000. 00) to the Town on or before December 31, 1970. The Town agrees To accep~ Ten Thousand Dollars ($10, 000.00) and ~ouse and apply the same on the cost of operation of planning and zoning ordinances for the combined territory of the town and township, said total sum of Ten Thousand Dollars ($10,000.00) to be supplemental ~o, all funds received and collected by the Town. by way of fees for building permits, etc. It is further agreed that the Town and Township will review , .. . the income and expenses incurred in the operation of the zoning- or dinance s-for -sai'd-town-and-tow=ship-s ince-the effective date of the joinder agreemenz and up ~o the first day of July, 1970, and that from said review the Town and Township will' negotiate to determine the share of the ... . """ zoning expenses anticipated in the year 19%1 which should · -. be raised by a levy upon the Township by way of taxes for /1'970 'payable in the' year 1971. IN WITNESS WHER]5OF, the-Town and the Township by and through their duly elected, qualified and acting officials, have hereunto caused their names to be affixed and their seals To be affixed this ~..7 day of January,, TOWN OF CAR1V~EL,z~DIANA ATTEST: Cl~rk-T'reasurer Trustee, Clay Township Member Board -2-