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7 tsE S(~ <br />00 <br />to the City and oz'ie-half. to t%ae Cou-'-xty, Payment of such <br />fees would be made semi-annually on Jarwiry 1 and June 30. <br />(e) In the event, the etrea is annaxeO to the City. the <br />City would t)ay the County tho ;--alnn_ce of tI L coats ~,ot <br />previously recovered and thereafter, the City would be the <br />sole owl e'.r of said lira; <br />(f) Aft;cyr the -p,*+yzwient to the County rf its total and/or <br />initial iY:V +Bt<<.l?Ilt, eitilor by ad valorm taxes or annexation, <br />the owners tip Of the line shall be in the City and all future <br />revenues from whatever source hall 'Le_ ong solely to the City. <br />5. This agreement small exist and continue until the general <br />revenue bonds incurred by the County for utility line extz:msions have <br />been fully paid and retired. <br />IN WITNESS WHEREOF, LZE COUNTY, acting by and through its Board <br />of Commissioners and pursuant to a resolution duly adopteci by tbem, and <br />the CITY OF SA 'FORD, pursuant to a resolution duly adopted by its Board <br />O of Alderman have caused this instrument to be executed by its proper <br />officers, this thezs dal of January, 1971. <br />cou'NTY OF -,m; <br />By. <br />Chairm~ti, Board of County <br />Commissioners <br />ATTEST: <br />BY: <br />Clerk, Board oi' countl.Cosieaziissios~csru <br />CITY OF SANFORD <br />By. <br />ATTEST: <br />BY: <br /> <br />3 <br />