HomeMy Public PortalAboutAmendment #2SECOND AMENDMENT TO COOPERATIVE AGREEMPNT
THIS SECOND AMENDMENT 70 COOPERATIVE AGREEMENT made and
entered into this 111-1^ day o 1979, by and between the
City of McCall, a municipal corporation located in Valley
County, Idaho, hereinafter referred to as the City, and the
PAYETTE LAKES WATER & SEWER DISTRICT, Valley County, Idaho,
a sewer district organized and existing under and by virtue
of Chapter 32, Title 42, Idaho Code, and lying adjacent and
contiguous to the geooraph-_ca=_ boundaries of 'she City of
McCall, Idaho, hereinafter_ referred to as the District,
w T T N E S S
WHEREAS, the partiee hereto made and entered into a
Cooperative Agreement dated December 15, 1977, hereinafter
referred to as said Agreement;
WHEREAS, the parties hereto made and entered_ into a
First Amendment to Cooperative Agreement dated the 4th day
of December, _: 7 : ;he_e�_.ra _ _er re.._._rred to as said. First
Amendment!; and
WHEREAS, the parties now desire to make this second
amendment to said Aoreement as hereinafter set forth.
NOW, THEREFORE, in consideration of said Agreement and
in consideration of the additional covenants and agreements
hereinafter set forth, the Parties hereto do hereby amend
said Agreement by the addition of two new sections thereto
to read as follows:
Section 16. PONDEROSA STATE PARK INTERCEPTOR LINE. It
is agreed by and between the parties hereto that the District
shall transport sewerage effluent from Ponderosa State Park
for the City, to the sewage treatment facility described in
said Agreement and that in order to do so the District hereby
specifically agrees to oversize that certain District Sewer
interceptor extending from the vicinity of said Ponderosa
State Park to said sewage treatment facility, the local cost
of which is estimated to be $3,500.00 which the City agrees
to pay to the District, plus interest at 7% per annum, when
such line is operational as follows:
$3,500.00 at 7% for 20 years, at an annual cost of
$330.40 or at a monthly cost of $27.53 over said 20
year period.
Section 17. COST OF TRANSPORTING EFFLUENT. The cost of
transporting said sewage effluent from Ponderosa State Park
to the sewage treatment facility which the City shall pay to
the District from the time said interceptor line is operational
is the sum of $25.00 per month. At such time as operational
experience provides an actual cost of transportation of such
effluent, such costs shah be pro -rated between the City and
the District `,ased upon volume of effluent produced from
Ponderosa State Park and District sewer users.
It is further specifically agreed by and between the
parties hereto that in all other respects said Cooperative
Agreement as amended December 4, 1973, shall be and remain
in full force and effect.
IN WITNESS WHE1Z'OF, the parties hereto have caused this
Second Amendment to Cooperative Agreement to be executed by
•
its respective officials pursuant to due resolution of each,
the day and year first above written.
By
Attest:
By
Attest:
CITY QF Mc,CAL
i
i-t
STATE OF IDAHO
County of Valley
ss.
On this day o 1979, before me the under-
signed Notary Public in and for said State, personally
appeared Bill A. Evans, known to me to be the Mayor of the
City of McCall, Idaho, who executed the within instrument,
and acknowledged to me that such city executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my off:cial seal the day and year in this certificate
first above written.
STATE OF IDAHO
County of Valley
On this it day
Notary Public for Idaho
Residing a. Idaho
ss.
1979, before me the under-
signed Notary Public in -and for said State, personally
appeared FRANK T. ELAM,
known to me to be the Chairman of
Payette Lakes Water & Sewer District who executed the within
instrument, and acknowledged to me that such sewer district
executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my official sea' the day and year in this certificate
first above written.
Notary Public for Idaho
Residing at—C- Idaho
Lity of MCC=ll-Payette Lakes Water & Sewer 01-06-i98S 13;50:10
.~/1 �oapcunding interval: Monthly
Annual percentage rate: 6 . 000�
Lffective annual rate:
Rate per compounding period: 0.5000%
Equivalent daily rate : 0.01644�
valuation dater 04-15-1987 Value: $ 139,710.00
C�S\� F�CW DATA
______________________________________________ _____________
Vir*t date Payment amount -#- Interval Last date
------------------------------------------'-----------------
G5-15-1987 $ i,000.93 240 Monthly 04-15-2007
AMORTIZATION SCHEDULE - Normal amortization - Sep 30 year-end
__________________________________________________________________
7:t Date Payment Interest Principal Balance
___________________________________________________________________
Balance at 04-15-1987 139,710.00
1 05-15-19G7 1,000.93 698.55
2 05-15-1987 1,000.93 697.04
3 07-15-1987 1,000.93 695.52
4 08-15-1987 1,000.93 693.99
�^ 5 09-15-1987 1,000.93 692.46
�987 totals 5,004.65 3,477.56
c /0 i907 1,000.93 690.9i
7 �l 1\-iO87 1,000.93
i,000.O3 687.81
9 01-15-1988 1,000.93 686.24
10 02-15-1988 1,000.93 684.67
11 03-15-1988 1,000.93 683.09
12 04-15-1988 1,000.93 681.50
13 05-15-1988 1,000.93 679.90
14 06-15-1988 1,000.93 678.29
15 07-15-1988 1,000.93 676.68
% 08-15-1988 1,000.93 675.06
17 09-15-1988 1,000.93 673.43
1988 totals 121011.16 8,186.94
16 10-15-1988 1,000.93 671.79
19 11-15-1988 1,000.93 670.15
20 12-15-1988 1,000.93 668.49
21 01-15-1989 1,000.93 666.83
22 02-15-1989 1,000.93 665.16
302.3B 139,407'6`,
303.89 139,1OZ. 7�
305.41 138,798.3:�
306.94 138,491.3�
308.47 138,182'9i
1,527.09
310.02 137,87a.S1
313,1R 13/,248'00
314.69 136,933.3l
316.26 136,617.2�
317.84 136,299'4�
319.43 135,979.9:
321.03 135,658.Y.
322.64 135,336.31
324.25 135,012.06
325.87 134,686'15
327.50 134,358.6�!
3,824.22
329.14 134,029.5�
330.76 1331698.7/
332.44 133,366.33
334.10 133,032.01''.,
335.77 132,696.4�