MEMORANDUMFinancing and Services Agreement • October 19th, 2022
Contract Type FiledOctober 19th, 2022The Financing and Services Agreement (FSA), dated May 27, 2014, between the District and Rancho North entities provides that any cost over−run above and beyond the initial Water Treatment Plant #1 Expansion Project (the Project) estimated cost of $12.3 million is to be paid by the District with 50% of the cost over−run to be reimbursed from the Rancho North entities (Owners) share of reimbursement due from any non− participating landowner (section 1.3 E of the FSA).