RES 82366 - Laserfiche WebLink

EXttlBIT "B" 1. In addition to all regular sewer connection fee~ all properties receiving industrial and non-retail commercial sewer capacity made available as a result of the Willow West Agreement shall pay a surcharge for each dwelling unit equivalent. The maximum principal amount of the share of the surcharge to be borne by Caroline or assignee shall be 63/500ths of the amount reimbursed by City pursuant to paragraph 2D of the Willow West Agreement (Exhibit "A") which amount shall be increased annually on each successive anniversary of the date of such reimbursement by City by a percentage equal to the prime interest rate (San Francisco Bay Area Bank of America) on each anniversary date. (Caroline or assignee can pay the surcharge in advance to reduce or avoid carrying charges.) The share of the surcharge to be borne by Caroline or assignee shall be based upon the amount of GPD capacity (taken from the additional sewer capacity made available as a result of the Willow West Agreement) actually used on Tract 4326. Payment need not be made until actual hook-up to sewers. For example, if, prior to the completion of the expansion of the facilities ~hich will result in the additional sewer capacity becoming available, Caroline obtains sewer hook-ups for 33,000 GPD for Tract 4326 by following normal application procedures and receiving allocations from existing capacity, and only 30,000 GPD of the Willow West additional sewer capacity is ultimately used on Tract 4326, the share of the surcharge to be borne by Caroline or assignee 'would be only 30/500ths of the amount reimbursed by City pursuant to paragraph 2D of the Willow West Agreement. 63 2. 63,000 GPD shall be deemed to mean 500ths of the sewer capacity made available by the Willow West Agreement should that capacity be less than 500,000 gallons per day.