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HomeMy WebLinkAboutContracts & Agreements_4-19651 2 6 7 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 K 32 AGREEMENT This Agreement by and between the City of Redlands, a municipal corporation of the State of California, the Redlands Community Hospital, Terracina Park, and T & 0 Properties, a co -partnership, is dated this 11 day of ...-January 1963. RECITALS 1. Each of the parties will be benefitted by the construction and installation within the City of Redlands of a sewer line which shall be 10 inches in diameter, and shall eytend generally from a point of beginning at the intersection of Olive Avenue and Lakeside Street along Olive Avenue in a westerly direction to Terracina Boulevard and thence along Terracina Boulevard in a southerly direction to Fern Avenue. 2. T & 0 Properties owns the real property located at the southeast corner of Olive Avenue and Terracina Boulevard, and will be benefitted by the construction of the sewer line adjacent to such property. 3. Terracina Park owns real property located at the northeast corner of Fern and Terracina Boulevard, and will be benefitted by the construction of the sewer Kne adjacent to zuch property. 4. Redlands Community Hospital owns real property located at the northwest corner of Fern and Terracina Boulevard, and will be benefitted by the construction of the sewer line adjacent to such property. 5. The City of Redlands will be benefitted by the addition of the line to the municipal sewerage system. For a valuable consideration and the mutual covenants set forth herein, the parties agree as follows: 1. To participate in the payment of construction costs of installation of the sewer line in the following proportions: (1) The City of Redlands shall pay the difference in the cost of materials re :;faired for the 10-inch line de- scribed herein and an 8-inch line. (2) T & 0 Properties shall pay the sum of 88,000.00. (3) The City, Redlands Community Hospital, and Terracina Park shall pay in equal parts the balance of the cost of construction and installing the sewer line provided that the 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 share of the Redlands Community Hospital and Terracina Park shall not e= eed $11,000.00 each. Refunds of amounts advanced by the parties from connection charges collected as provided in Chapter 83 of the Redlands Ordinance Code shall be apportioned among the parties hereto in the same ratio as each of their contributions bears to the total sum advanced for the sewer line. 2. The specific location V the sewer line shall be determined by the Public Works Director of the City of Redlands 3. The sewcr line shall_ be constructed in accordance with plans and specifications approved by the Public Works Director of the City of Redlands. 4. This agreement shall- accrue to the benefit of and be binding upon all assigns, lessees, mortgagecs, trustees, heirs, executors and other successors in interest to the parties' hereto . ATTE T 7 City Jerk i i APPROVED FOR FORM: /s/ EdG. arcl F TaYlor City Attorney REDLANDS COMMUNITY HOSPITAL William G. Moore, Presiden T & 0 PROPERTIES A. Leslie Richardson TERRACINA PARK 11 By `1 \ I i U CITY OF REDLFNDS r BST i J 4_ City M gar