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6. The City would bill Cabarrus County on its regular <br />billing cycle based on the master meter read~ngs amd the County <br />would pay said bills within twenty days of receipt. <br /> <br /> 7. In the event areas of the County would be annexed by the <br />City which would bare Cou,ty water facilities, the purchase of these <br />facilities would be negotiated at a fair and equitable value at the <br />time of annexation. <br /> <br /> It is realized that tbis would have to be approved by both <br />the Board of Light and Water Commissioners and the Board of County <br />Commissioners, but if this is satisfactory, please sig~ the xero× <br />copy of this letter and return it to me. <br /> <br /> Thank you for your cooperation. <br /> <br /> Yours very truly, /- <br /> <br /> Ralph C. Bonds <br /> <br />RCB/m <br /> <br /> A PI° ROVED: <br /> <br /> (Bernie A. ]Ddwards) <br /> <br /> ~Don C. Howell) <br /> <br /> <br />