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AG 1992 04 06
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AG 1992 04 06
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Last modified
3/25/2002 4:09:47 PM
Creation date
11/27/2017 12:01:19 PM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
4/6/1992
Board
Board of Commissioners
Meeting Type
Regular
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KANNAPOLiS pursuant to this Agreement or <br />ot~erwise, KANRAP©LIS shall charge CABARRUS <br />no more than 1.2 times the production cost <br />thereof. The production cost shall include <br />only the expense cf operation and maintenance <br />of the facility cr facilities utilized by <br />KANNAPOLiS, directly or indirectly, for <br />treating raw water and shall expressly <br />exclude any and all capital costs for such <br />facilities or debt service therefor (the <br />"Treated Water Charge"), PROVIDED THAT: <br /> <br /> (a) For so long as Fieldcrest Cannon, <br />Inc., its successors cr assigns, provides <br />treated water to K~.~A~©LIS under the Utility <br />Services Qperation Agreement between <br />Kannapolis and Fieldcrest Cannon, Inc., dated <br />August 21, 1989, a copy of which is attached <br />marked Exhibit A and incorporated herein by <br />reference, the Treated Water Charge shall be <br />equivalent to 1.2 times the unit charge for <br />treated water charged by Fieldcrest Cannon, <br />Inc. , its successors or assigns, to <br />KANNAPOLIS, from time to t~me; <br /> <br /> (b) The Treated Water Charge may <br />increase or decrease due to increases or <br />decreases in maintenance and operation costs <br />for production only; <br /> <br /> (c) KAA~APOLIS shall not~fy CABARRUS of <br />the Treated Water Charge at least monthly; <br /> <br /> (d) KANNAPOLiS shall bill CABARRUS ~n <br />accordance with its established billing cycle <br />based upon readings from metering stations <br />heretofore or hereafter installed. CABARRUS <br />shall pay said bills within thirty (30) days <br />of receipt. Upon failure of payment, <br />KANNAPOLIS may discontinue supplying treated <br />water upon ten (10) days' written notice to <br />CABARRUS; and <br /> <br /> (e) KANNAPOL2S shall maintain complete <br />and accurate records of flow from all <br />metering points, if any. At all times, <br />CABARRUS shall kave access to such flow <br /> <br /> <br />
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