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C. Upon completion of said construction, the City shall present to Developer an <br /> itemized statement detailing the City's actual cost of construction of the necessary <br /> alternative collector line. <br /> <br />II. The Developer agrees: <br /> <br /> A. To pay one-half (V2) of the total cost of extending the alternative sewer collector, <br /> based on the tabulation of said cost as determined by the City and as defined <br /> herein. In lieu of an actual cash paymem for said cost, said cost shall be assessed <br /> by the City on the basis of eighty-four (84) equal monthly paymems (seven years) <br /> at 0% interest, to be charged as part of the water and sewer payment due and <br /> payable by the Developer to the City for water and sewer service to the Property. <br /> <br /> B. To timely pay the payment described in paragraph A above, as well as any and all <br /> water and sewer payments due the City for water and sewer services provided to <br /> the Property. <br /> <br /> C. To pay any and all taxes due on the Property; save and except those taxes lawfully <br /> under protest, but only for such tinge as any lawful appeal or protest shall continue <br /> in accordance with state law. <br /> <br /> D. That the obligation incurred hereunder and payable to the City by this contract shall <br /> be an obligation not only of the partnership, but shall be an indebtedness due and <br /> payable by the individual participants in said partnership, who shall be idemified <br /> as follows: <br /> <br /> Name Address <br /> <br /> Steve Shoemake P.O. Box 6069, Paris, TX 75461 <br /> George Shoemake P.O. Box 6069, Paris, TX 75461 <br /> Cody Chapman 3529 Darnell Drive, Paris, TX 75462 <br /> Steven Asay Rt. 6, Box 1610, Paris, TX 75462 <br /> Mitch Campbell 6830 JoJo Road, Paris, TX 75462 <br /> Larry D. Crumpler 605 Easy Street, Powderly, TX 75473 <br /> Michael Doyle Pickering 56 Timberlakes, Powderly, TX 75463 <br /> Robert J. Rast Rt. 2, Box 2702, Sumner, TX 75486 <br /> <br /> E. To grant a contractual lien against the property to secure payment to the City of the <br /> amounts owed as described herein. <br /> <br /> F. To pay all building fees, and other costs associated with any and all construction <br /> on the Property; to pay all costs associated with the extension of any necessary <br /> private sewer service line from the property to the point of connection with the new <br /> <br /> Page 3 of 11 <br /> <br /> <br />