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upr000121 227

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upr000121-227
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    Assistant Secretary Bachman in executing Supplemental Agreement C.L.D. No. 13887-1, Contract Audit No. IO8 7 7 , dated April 11, 19 6 2 , between Lae Vegas Land and Water Company, called "Land Company", and Hunt Poods and Industries, Inc., called "Hunt", amending Section 7(b) of Contract Audit No. 10877» dated April 21, 1 9 6 1 , covering acquisition of site, construction of improvements thereon, and sale of site and improvements to Hunt, as follows: Remaining balance of purchase price shall be paid in thirty-four (34-) equal annual installments of $2 7 ,760.50 and a final payment of $2 7 >760.33* Interest shall be paid on unpaid balance at rate of 5$ Per annum, payments for first year being as follows: 5# on $ 2 7 ,760.50 from November 30, 1961 to date of payment, 5# on $9^3 ,856.83 from November 30 , 1961 to November 2 9 , 1962; said Supplemental Agreement being effective and first Installment payable on April 11, 19 6 2 , second and subsequent installments being payable annually on November 30th of the then current year; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Stoddard and Assistant Secretary Bachman in executing Agreement C.L.D. No. 14-255, dated May 2 3 , 19 6 2 , between County Sanitation District No. 15 of Los Angeles County, called "District", and Las Vegas Land and Water Company, called "Company", in connection with construction of sanitary sewer and appurtenant works for area