Common use of Existing Water Mains Clause in Contracts

Existing Water Mains. If any portion of the Project is adjacent to both sides of an existing water main installed at the expense of the City, the Developer shall pay the City a sum equal to the original construction cost of that main and appurtenances, not to exceed the current replacement cost of an eight inch (8.0”) diameter main and appurtenances. If a portion of the Project fronts on only one side of an existing water main installed at the expense of the City, the Developer will pay the equivalent of one-half the construction cost of such main and appurtenances, not to exceed one-half the current replacement cost of an eight inch (8.0”) diameter main. The Developer must pay either amount, if applicable, to the City prior to the execution of this contract.

Existing Water Mains. If any portion of the Project Site is adjacent to both sides of an existing water main installed at the expense of the City, the Developer shall pay the City a sum equal to the original construction cost of that main and appurtenances, not to exceed the current replacement cost of an eight inch (8.0”) diameter main and appurtenances. If a portion of the Project fronts on only one side of an existing water main installed at the expense of the City, the Developer will pay the equivalent of one-half the construction cost of such main and appurtenances, not to exceed one-half the current replacement cost of an eight inch (8.0”) diameter main. The Developer must pay either amount, if applicable, to the City prior to the execution of this contract.

Existing Water Mains. If any portion of the Project Subdivision is adjacent to both sides of an existing water main installed at the expense of the City, the Developer shall pay the City a sum equal to the original construction cost of that main and appurtenances, not to exceed the current replacement cost of an eight inch (8.0”) diameter main and appurtenances. If a portion of the Project Subdivision fronts on only one side of an existing water main installed at the expense of the City, the Developer will pay the equivalent of one-half the construction cost of such main and appurtenances, not to exceed one-half the current replacement cost of an eight inch (8.0”) diameter main. The Developer must pay either amount, if applicable, to the City prior to the execution issuance of this contracta building permit.