HomeMy WebLinkAboutNorth Orlando Company Agreement RE: Payment of Franchise Commission - 1965 10 01 V 5
W T
TIERS aGKX,9WNM- p agde god entered 10to this
dxy 1065, by and betTeen T-99 NORTH
CV AXT, b*reinkfter czlled the Ccrapg-,oDy , and the
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VORT% 01p,V
FLo
_ 91DA , a ipunickpml corporation ,
berein%fter czlled the YtllAge ,
117TWSSSETH
TUAT WRERZAS the Village and the Company have
entered into a tzapchise for the opera tion of a watel' And
sewage collection and dig)pnsal system Witbin the Village of
Morth Urlcndo, Floridx\ , said frAnchiae being designated as
Ordinaace #10 of the Village of North Orlando, Florida , and
7,1HERFAS the fTgnck -1_9e provide,3 under Section 9 for
t1kie rights avd ch*rgas payable to t1he town and also provides
thaifi said comjssl.ons due the town shall not be paid until
qmch time ms the obligation of the Village to the Ccapany has
been paid in full, and
WRERX.43 the "Tillage And the Company are desirous of
amending %nd modifying this provision regarding the payment
of the franebise ccasission ,
Molvlr THERE FORFS , in consideration of the sum of One
Dollar each to, the other paid , the receipt of which is hereby
acknoviedged , it is agreed as follows:
1, That the commission payable to the Village under
Section 13 of Ordinance 10 tn the amount of 3 % shall be paid
and d istr ih-anted as follows'
(a) One-Gulf of the 3 % at the end of each mccOulltL-
in-ag petrlod shslll be paid to the 'Village to be used by the
Vilipge for use in connection with the finunci.ng of a MuDicipal
bell , The remaining one-half of the commission provided under
Section 13 of said ordinance shall he retained by the CompaunY
and applied against, the indebtedness of the Village to the
Company until such time as said indebtedness is paid in full.
It is acknowledged by the parties hereto that the
indebtedness a't the time of the execution of this Agreement is
in the amount of ;,a« Z' L 4. moi_'- ,vhf fr r�--
Upon payment of the indebtedness to the Company by the
ViA,lage in full as provided nerceina:bove , then the total amount of
the c(mmissi -) n under said fvanchise due the Tillage in the amount
of 3 % appall, be quid to the Village and the Company shall no
longer be authorized to retain any portion of said amount .
It is agreed by and between the parties that this
Agreement shall be effective and remain in effect only until
such time a5 the indebtedness in the amount of $4097-49
has Leen paid in full . �
The Caspany agrees that yearly it will provide to
the Village= a statement of account reflecting the previous
balance , the application of one--half of 3 % as agreed herein ,
and the present balance
due to the Company .
IN WITNESS W[K.EOF the forth Orlando Company has
heraunt.o set its hand and seal this �day of �,� ,
THE NORTH QjUAW COMPANY
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Attest ,
ITS c7etjllFf- - --
i AAL
IF WTTW9S5 WMRT&OF the Village of North Orlando
FAo:r idp , a Okun is ipa l corporation , has hereunto set its hand
and 9e%1 this day of 1965
THX V A LLAGE OF NORTH ORLANDO
BY
Attest-
Uler
SKAL:
4'TATR OF K&W YORK
C®WTV OF uHAMPAUQ J,A
Before ane personally appeared F. Wm. Gregory
and S. D. Roberts , to me well known, and known
to me to be the individuals described in and who executed the
foregoing agreement as President and
Secretary of the above named NORTH ORLANDO 0O1APANY, a corpora-
tion, and severally acknowledged to and before me that they
executed such instrument as such President and Secretary ,
respectively , of said corporation , and that the seal affixed
to the foregoing instrument is the corporate seal of said cor-
poration and that it was affixed to said instrument by due and
regular corporate authority , and that said instrument is the
free act and deed of said corporation.
WITNESS my band and official seal, this 1st day of
October , 1965•
o ary Pu lic
PAUL A. MccABE
Nary►yam,i re of Plow YeA
Q-"M r [do Co V /
STATE OF FLORIDA A4 C--"-ev+�w w.►e 34 n,�o�(p
COUNTY OF SEMINOLE
Before me personally appeared David G. Tilson
and Helen Green �, to me well known , and known to
me to be the individual: scribed in and who executed the
foregoing agreement as Mayor f and Village Clerk of
the above named VILLAGE + NORTH ORLANDO, a municipal corporation,
and severally acknowledge to and before me that they executed
such instrument as such Mayorand Village Clerk ,
respectively , of said corporation and that the seal affixed
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to the foregoing instrument is the corporate seal of said
corporction and that it was affixed to said instrument by dace
and regta l%r corporate authority , and that said instrument is
t--he frena act and deed of said corporation .
WITNESS my hand and gafficiaai SOAR , this 3 day
of November , 1965
o�aarY c
.Qutary
My CoMmIss" expire, JUIP ; �.
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