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Digital ID
man000173-022
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I agree.ro d * It is agreed that you have outstanding contract* whereby certain Subdividers or Applicants (a) Have deposited sums of money with you as advances for the construction of water mains or (b) Have at their own expense constructed and conveyed t© you water mains. to serve properties being developed by them subject to refund of the cost pursuant to the rules and regulations of the Water Company. The amount subject t© refund pursuant to such contracts, less the amount of refunds heretofore paid shell be credited t© said purchase price of Two Million Five Hundred Thousand Dollars ($2,500,000.00). Said contracts will be assigned to the District and the District will assume all liabilities under said contracts. The amount ©f such credit shall be determined and the assumpt M b all Said purchase price shall be paid to you in cash or In such other medium of payment as you may be as of a date n