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58-01Y ~ i ..~~, , RESOLUTION N0, $$-1 WHEREAS, Selva Marina Realty Company proposes to construct gravity sewers along the West side of Sherry Drive from 11th Street to the Plaza, to serve the lots in the new Subdivision to be knows as Se1va,Marina Unit No. 3; and WHEREAS, a shallow $-inch line costing a maximum sum of X2$0$.50 will adequately serve the said lots in said subdivision;,. but will be unsuitable and insufficient to serve other areas of the Gity, if and when the City constructs gravity sewers to serve such other areas; and WHEREAS, a 12-inch line 'constructed of pipe having Dickey P.V.C. type joints, and properly designed to serve other areas of the City, will cost X4$55.00; and WHEREAS, Selva Marina Realty Company has agreed to construct the said 12-inch line (as set forth in its letter to this Commission dated January 11, 195$, hereto attached and made a part hereof}, designed as part of the future City sewer system, and to pay x;4$55.00 for the same, provided the City will reimburse said Company for said cost of ~'~4$55.00, less the amount of the special assessments for benefits that would be charged against Se1va Marina Unit No. 3 lots ($90 feet of Sherry Drive frontage) at the same ,rate as the City charges other property, when and if the Gity constructs gravity= sewers to serve other areas of the City from the said l2-inch line, and the Ci~y,Commission deems it to the best interest of the City to accept said proposal; F~ _ NOW THEREFORE, BE TT RESOLVED by the City Commission r, y of the City of Atlantic Beach: That the City does hereby accept said proposal of said Selva Marina Realty Company, and does agree that if the said Company shall construct said 12-inch 7_ine designed so as to be used as an integral part of the future City sewer system, if and when constructed, using pipe having Dickey P,V,C. type joints, the City will, if and when it constructs gravity sewers to serve other areas of the City from the said l2-inch line, reimburse and pay to Se1va Marina Realty Company ~4~55,00, less- the amount of the special assessments for benefits that would be charged against Selva Marina Unit No. 3 lots (£390 feet of Sherry Drive frontage) at the same rate the City levies assess- ments against other properties, such reimbursement and payment to be made within one year after the first installment of such special assessments would otherwise be due. . ~, _ ~ ~` m ~~a , y