1970-13 (Contract w/Okeechobee Beach Water)RESCt*JTION
WHEREAS, the Okeechobee Beach Water Association, Inc. in cooperation with the
City oP Okeechobee deems it to the best interest of both the City of Okeechobee and
the Association not to compete with each other in the sale of water to customers; and
WHEREAS, the City of Okeechobee has agreed to purchase the West Okeechobee
E;.tension from the Okeechobee Beach Water Association, Inc. subject to the approval
of the Farmers Home Administration; and
WHEREAS, both the City and the Association have agreed upon boundary lines which
the Association will service and the City will service and they further agreed upon
an effective rate for water sold to the Association by the City; and
WHEREAS, the City of Okeechobee has agreed to proceed as expediciously as
possible towards the reconstruction or enlargement of City's present water treat-
ment plant to meet the foreseeable future needs of the City, and in addition, the
foreseeable future needs of the Association, as more fully incorporated in a study
by David B. Smith Engineers, Inc., 2512 S. W. 43rd Street, Gainesville, Florida,
32601, entitled !01OMPREHENSIVE WATER PLANNING FOR OKEECHOBEE BEACH WATER ASSOCIATION,
INC." dated August, 1969, being Engineer Project 6905; and
WHEREAS, other mutual benefits accrue under a proposed contract to both the
City and the Association;
NOW, THEREFORE, BE IT RESOLVED by the Okeechobee Beach Water Association, Inc.
that a contract be negotiated with the City of Okeechobee, Florida, for conveyance
to the City of the Association's West Okeechobee Ixtension, together with all ease-
inents and rights in connection therewith, for a price based upon the present value
of the extension as depreciated less the unpaid balance of it's mortgage in connection
therewith.
Upon Association's approval of the terms of such agreement, the President of the
Association together with itis Secretary are authorized to execute such agreement in
behalf of the Association.
OKEECHOBEE BEACH WATER ASSOCIATION, INC,
Leland Pearce
L LAND PEARCE, PRESIDENT
nmmL,em.