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Agr Water Main Charge RepaymentWATER MAIN r-u ^,'.~=~ ,-,, ,,",,~'~,~ REPAYMENT AGREEMENT This Repayment Agreem_en, t, is .e_,n,.tered into this ~ day of.~¢, 2003, by and between the CITY OF SALINA, KANSAS (the City ) and T & T Partnership ("W~er Customer"). Recitals A. The Water Customer owns the residence addressed as 303-305 South Third Street, Salina, Kansas (the "Property"). B. The Property was previously served by a private water main, however, the failure of that private main required the installation of new public water main on an emergency basis by the Utilities Department of the City of Salina (the "Main"). C. Pursuant to Salina Code Section 41-28, the Water C~J_stomer's share of the cost of the Main on the basis of the City's usual front footage charge ($368.50) and tap fee ($177.00) equals a total of $545.50 ( Water Mare Charge ). D. As an alternative to a one-time payment of the full amount of the Water Main Charge, the Water Customer and the City wish to provide for the terms upon which the Water Customer's Water Main Charge can be paid in a series of consecutive installments to be billed as a separate charge on the Water Customer's monthly water and sewer utility service billing statement. THE PARTIES therefore covenant and agree: 1. Promise to Pay. Water Customer agrees to pay to the City of Salina the Water Main Charge of $545.50 in a series of 18 monthly installments of $30.31 to be billed as a separate charge on the Water Customer's monthly water and sewer utility billing statement; provided, however, that if the Water Customer terminates his or her water service for the Property before the Water Main Charge has been paid in full, the remaining unpaid balance of the Water Main Charge shall be immediately due and payable and shall be billed as a separate charge on the Water Customer's final water and sewer utility service billing statement for the Property. 2. Failure to Pay. Water Customer's failure to timely make payment of a monthly installment due under this Agreement shall be treated the same as failure to pay a monthly water and sewer service utility billing, including termination of water utility service. 3. .Prepayment. _Water Customer shall have the right to prepay the outstanding balance due on the Water Main Charge at any time. 4. Non-assignable and Binding Effect. This Agreement shall not be assignable by the Water Customer and shall be binding upon the Water Customer and the Water Customer's heirs, beneficiaries, personal representatives, trustees and successors. above. IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first stated WATER CUSTOMER