16 - Lionshead Development Agreement

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III. The Public Line and Lateral Lines 3.1 The City will construct the Public Line in the Industrial Park to which Developer will tap in to serve the needs of its Facility. The City will construct the Public Line as designed and engineered by Developer and in the location shown in Exhibit D. The City will provide labor and materials for installation of the Public Line. 3.2 Developer will provide City with fittings including 12 -inch x 6 -inch anchor tees, valves, and mega lugs necessary for connection of Developer's Lateral Lines (see paragraph 3.3) which City will install in connection with its installation of the Public Line. Should Developer be unable to acquire such fittings prior to commencement of installation of the Public Line, City will provide 12 -inch x 6 -inch anchor tees manufactured by Sigma and/or Tyler Union, mega lugs manufactured by Smith Blair, and valves manufactured by Mueller, all of which are suitable for use in connecting the Lateral Lines to the Private Line. In the event that City supplies such fittings, Developer will reimburse the City in kind for those materials. Said reimbursed materials shall be of the same make, by the same manufacturers, and in the same number as those provided to Developer by the City under this paragraph. 3.3 Developer will be responsible for constructing lateral lines and associated improvements (the "Lateral Lines") required to tap in to the Public Line to serve the Facility in accordance with Exhibit D as may be amended in the future to better accommodate the needs of the Facility, including but not limited to providing the materials for those lateral lines. Developer will undertake such construction in conformance with all building, plumbing, and fire codes of the City as well as the City's Subdivision Ordinance and will obtain all required permits therefor. Construction of the lateral lines shall take place after City's completion of the main Public Line. 3.4 The City shall have the right to allow future taps, connections and/or extensions to the Public Line at the City's sole discretion. 3.5 The Developer shall dedicate on the Final Plat the appropriate Right of Way to the City for the construction and maintenance of the Public Line. IV. Develo er's Contribution 4.1. As a contribution to the cost of the Public Line, Developer shall remit the sum of TWO HUNDRED FIFTY THOUSAND FIVE HUNDRED SEVENTY-FOUR DOLLARS AND 08/100 ($250,574.08) in two installments to wit: On or before July 1, 2023: $62,500.00 On or before October 1, 2023: $188,074.08 Said payments shall be paid to the City by corporate check made out to the City of Paris and forwarded to City Manager at 135 Kaufman St., Paris, Texas 75460. Said sum represents the net difference of the estimated cost of the previously planned Private Line that Developer would have been required to install had the City not found it desirable to