Laserfiche WebLink
b. In addition, City shall pay District basic connection P <br /> 11 <br /> fees for all connections made to City's Plant subsequent to the e< =1J° <br /> date of this Agreement excepting therefrom 20 connections per <br /> cefc_c, five tei /(,�N�. <br /> year, pro- rated, between the of this Agreement and the date <br /> of commencement of service as defined in Section 5. <br /> c. The conditions of payment of the $1,147,221 shall be: <br /> Payment of $400,000 at the rate of $50,000 per year, plus six (6) <br /> percent simple interest, for eight years; the balance, an estimated <br /> $747,221, payable as the Stage Three expansion cash flow requires <br /> but not later than the transfer of flows from City's Plant to Dis- <br /> trict's Plant; it being understood that the $1,147,221 is the cost <br /> and local share of Stage Three facilities as estimated at this time <br /> by the staff of the State Water Resources Control Board, Division of <br /> Water Quality and will be revised when more accurate data becomes <br /> available. <br /> d. Volk- McLain District Settlement. This Agreement shall not <br /> take effect unless and until the District and Volk McLain Properties, <br /> Inc. settle their existing litigation Case No. 441299 in Superior <br /> Court for the County of Alameda to the satisfaction of the City. <br /> District shall submit any settlement agreement promptly to the City <br /> and if the City Council resolves that said settlement is satisfactory, <br /> this Agreement shall take effect immediately thereupon. <br /> City and District further agree that either party may void <br /> this Agreement on August 1, 1978 if no settlement has been reached. <br /> -23- <br />