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7086 AUTHORIZING AGREEMENT MT. ZION WATER SUPPLY
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7086 AUTHORIZING AGREEMENT MT. ZION WATER SUPPLY
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Last modified
10/7/2016 3:55:14 PM
Creation date
10/7/2016 3:55:13 PM
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Resolution/Ordinance
Res Ord Num
7086
Res Ord Title
AUTHORIZING AGREEMENT MT. ZION WATER SUPPLY
Approved Date
5/24/1976
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� , . . � . <br /> � � � � EXHIBIT "A" <br /> , ; � <br /> • , ' AGREEMENT <br /> WHEREAS, the Vil.lage of Mt. Zion owns and operates a water <br /> storage and distribution system; and, <br /> WHEREAS, the City of Decatur, Illinois, owns and operates a <br /> water works system; and, <br /> WHEREAS, pursuant to the provisions of an agrecment between <br /> the Village and rhe City dated February 2 , 1959 , tlle City has been <br /> furnishing trea-ted water to the Village; and, <br /> �aHE�AS , due to certain changes in the facts and circumst�nces <br />' with regard to the arrangement between the City and the Vill.age ar�d <br />� to each of them, both parties desire to enter znto a new agreement <br /> tc� secure a coiltinuing supply of �treated water from the system of� <br /> the City for the system of the Village. <br /> For and ir� consideration of the promises and coven�nts <br /> respectively �a be pe��formed .by the �arties hereto, it is agreed <br /> by and between �che Vi.11age af Mt. 'Lion, 111inois, and the City of <br /> - Decatur, Illinois, as follows : <br /> l. That the teim of this ag.reement will be f_or a perio��i �f <br /> ten (l�? years commez?ca.a:g Jur.� 15 , 1976 , or until the currentiv <br /> existing wai�c.r revenue� bonded iridebtedr�ess of the Vi"1)_ag�., or an�� <br /> such bonded indebtedr.c�ss incurred withiri three years of the date <br /> h�reof, is retired, whichever last occurs. <br /> 2. That duri.�lg thc i�erm of this agreement the p�ovisions thE�-reoF <br /> and the .respective ope�ations of the parties under said provisions <br /> shall be revi�wed in con.ference between representatives of the pai-ties <br /> during -the mont� af Fek�rua.ry, said i'irst bi-annual r_eview to l�e helci <br /> during thc� �nonth of Feb�uar�f, 197?o It s.yal7_ bP the duty of the <br />
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