HomeMy WebLinkAbout0802 1. That Paragraph Four of that certain Real Estate
Agreement of nctober 9, 1970, which begins on Page 3 of said Agreement
and ends on page 4 of said agreement be and the same is hereby
voided and eliminated in its entirety and the terms and aqreements of
this addendum~ to real estate agreement are substituted in lieu thereof.
2. That the Seller will continue to negotiate with Wind-
mill Villages of America, Inc., in an effort to obtain an agreement of
substantially the same wording and form ~s that certain aqreement
attached to the real estate agreement of October 9, 1970, and designated
as Exhibit "A" or in lieu thereof, a similar aqreement that meets with
the approval of the purchaser. ~
3. That pending the obtaininq of such agreement or
substitute agreement~or in the event that such an agreement cannot be
obtained from Windmill Villages of America, Inc., then and in such
events the Seller agrees to provide sewer service to the lands described
in that certain Real Estate Agreement of October 9, 1970, for any
development or improvements thereon of not less than Forty-four units
at a cost to the Purchaser, their nominees, heirS or assigns, of one
hundred fifty ($150.00)~dollars ~er unit. During the term of this
agreement, as set forth in Paragraph 4 hereof, the unit price of
I One Hundred Fifty ($150.00) Dollars for the providing of sewer service
i -
~ shall be adjusted by the consumer's price index every three (3) years
~
f
~ after date as follows:
s
E
~ The unit prices for sewer hook-up provided in this
~ agreement shall be adjusted at three (3) year intervals beginning
~
~ three (3) years after date, and continuing each three (3) years there-
after. The adjustment to the unit price to be made, therefore, shall
~ be determined by multiplying the basic unit price provided for in this
~ .
~ agreement by a fraction, the numerator of which shall be the index figure
~
indicated for the month ir.mmediately preceding the end of the three (3)
~ ~
~ year term as shall be shown by the Consumer's Price Index--the United
~
~
~
~
~
~
~ -2-
~ -
~
~
~
~ ~i8.9 ~ ~
~ - _
~ -
~
~ -
~
~
~ .:S ; . " _ ~ ~ ~ ,
~5 v.4 = h'
~ .~s.~"~~~~Tiii
~g':"T.~.esu.vr "L~:Y~vl.... . ~~,r~ ~ ~