HomeMy Public PortalAboutDraftWilliam M. Killen
Gregory C. Pittenger
Law Offices of
KILLEN AND PITTENGER, P.A.
200 East Park St.
P.O. Box A.O.
McCall, Idaho 83638
October 6. I987
Bud Schmidt. Administrator
City of McCall
P. 0. B. 1065
McCall. Ioaho 83638
Re: Fifth Aendment to Cooperative Agreement
between e City and Sewer District
Dear Bud:
Telephone: 634-7118
Area Code: 208
It was brought to m: attention by Ted Whiteman. the Sewer
District Coordinator. that the schedule in Section L at page
3 of the Fifth Amendment was incorrectly labeled in that the
columns headed October Amount and April 1 Amount are
reversed.
As you may recall we made a number of ch ges which included
slipping those dates because .f the tip frame in formally_
adopting this. If you would r view at page I think it
will be obvious that those columns -re reversed: the first
column being labeled October 1 s'..uld be labeled April 1 and
the second column should be lab- e• October 1 instead of
April I. This produces the d ireeffect. namely equal
semi-annual payments commen ng the -11 of 1987 and
continuing thereafter for e full sch-dule.
I have enclosed a re-ty0ed original and less you feel some
problem with the foregoing we would simpl`.request that you
insert that in lieu of the page you now have._.
Best regards,
KILLED & PITTENGER. P.A.
By // i»/'—
William M. Killen of the firm
WM Ki c h
encl. Page 3 of Fifth Amendment
cc: Ted Whiteman
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SECTION l: SALE OF TREATMENT CAPACITY: Pursuant
to said Fourth Amendment the present flow allocation of
the treatment facility capacity is as follows: The
District - 53% or 964,000 gallons per day; the City -
47% or 862,000 gallons per day. The District shall
sell to the City and the City shall purchase from the
District, 364,000 gallons per day of the District's
allocated capacity of the treatment facility. It is
the intent of the parties that such sale shall result
in a modified allocation of the treatment facilities
capacity as follows: The District - 33% or 600,000
gallons per day, the City - 67% or 1,226,000 gallons
per day.
SECTION 2: PURCHASE PRICE: The purchase price
for said capacity shall be the sum of $98,280.00,
payable in non -uniform sums as follows:
FISCAL APRIL 1 OCTOBER 1
YEAR AMOUNT AMOUNT
1987 $3,841.50
1988 $3,841.50 4.420.50
1989 4,420.50 4,385.00
1990 4,385.00 4,477.50
1991 4,477.50 4,599.00
1992 4,599.00 4,628.00
1993 4.628.00 4,647.00
1994 4,647.00 4,676.00
1995 4,676.00 4,674.50
1996 4,674.50 4,758.50
1997 4,758.50 4,825.00
1998 4,825.00 5.304.00
1999 5,304.00 4,744.50
2000 4,744.50 4,679.50
2001 4,679.50 4,509.00
2002 4,509.00 4.905.50
2003 4,905.50 2,147.00
2004 2,147.00 1.629.50
2005 1,629.50
The above schedule includes interest in the principal
sum at the underlying bond rate being services by the
District.
FIFTH AMENDMENT - Page 3