HomeMy WebLinkAbout01438 - SEVEN LAKES BUILDERS SEWER Seven Lakes Builders, Inc. -
SEWER REIMBURSEMENT AGREEMENT Sewer Reimb Agreement
BETWEEN THE CITY OF PALM SPRI AGREEMENT #1438
AND SEVEN LAKES BUILDERS. 8-15-78
THIS
S�AGREEMENT made and entered into this t day of
19` between the CITY OF PALM SPRINGS, CALIFORNIA, a municipal corporation,
hereinafter called the CITY and SEVEN LAKES BUILDERS, INC. , hereinafter
called the DEVELOPER.
WHEREAS the DEVELOPER is, at the time of this agreement the legal holder
of Sewer Construction Refund Agreement No. 902 , having an expiration
date of February 27, 1977; relating to the following described property:
E 1/4, SE 1/4, NE 1/4, of Section 30, Book 681 , Page 15
WHEREAS the City Council by Resolution 12590, established a policy
relative to sewer reimbursement agreements which have fixed expiration
dates; and
WHEREAS the DEVELOPER has requested that the CITY and DEVELOPER enter
into a new agreement, in accordance with said Resolution 12590, to
continue to reimburse the DEVELOPER for assessments remaining unpaid
under Agreement No. 902, or amounts equaling the Street Main Charge,
whichever are lesser; and
WHEREAS the CITY has determined, and DEVELOPER agrees, that the total
remaining assessable frontage of lots which can connect to the sanitary
sewer by use of sewer laterals is 1362.39 feet;
NOW THEREFORE IT IS AGREED that the DEVELOPER shall continue to be
entitled to reimbursements of assessments still unpaid under Agreement
No. 902, provided, however that the amount reimbursable shall in no case
exceed the amount of the City's Street Main Charge in effect as of the
above date. For these purposes it is agreed that developers, owners, or
lessees of lots shown on Exhibit "A" attached hereto in the area served
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Agr. No.
Page 2
by said sewer shall pay to the CITY the amount shown herein or the
Street Main Charge whichever is greater, plus sewer connection charges
in effect at such time, prior to a permit being issued for connection to
said sewer. Upon receipt of such payment, CITY shall pay to the DEVELOPER
the amount prescribed by this Agreement.
The assessment for Parcel is hereby established:
PARCELNO. ASSESSMENT FRONTAGE COST PER LOT
2 1 ,362.39 4367.36
Total $4367.36
IN WITNESS WHEREOF, the CITY and the DEVELOPER have hereunto caused
these presents to be executed the day and year first above mentioned.
ATJ T: CITY OF PALM SPRINGS, CALIFORNIA
B// ��' yti� � � , l..
,t!
' Deputy City Cl�eKk City Man er 7l
( REVIEWED & APPROVED:
SEVEN LAKES BUILDERS
Developer
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(Title
� Title - Secretary* )
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