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ASSESSMENT AGREEMEN'EE .,
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1111 W. PINE AVE.
This agreement made and entered into
between the CITY OF MERIDIAN, a municipal
hereafter referred to as CITY, and HOLLY
Partnership, hereafter referred to as APPLICANT
personal representative.
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this 1st day of May, 1996, by and
corporation of the State of Idaho,
PROPERTIES, an Idaho General
their heirs, successors, assigns and
WITNESSETH:
WHEREAS, The following assessments are calculated by the City based upon
information supplied to the City by the Applicant and/or historical information on record
for a similar facility and/or those established on the City's Ordinances for the proposed
type of facility.
Sewer (ERU) 79 (seventy-nine)
Sewer Assessment per (ERU) $ 1,370.00
Sewer Assessment Total $108,230.00
Sewer Latecomers Fee per (ERU) N/A
Latecomers Fee Total N/A
Water (ERU) Domestic/Landscaping 74 (seventy-four)
Water Assessment per (ERU) $ 500.00
Water Assessment Total $ 37,000.00
Water Latecomers Fee per (ERU) N/A
Water Latecomers Fee Total N/A
*(ERU) Equivalent Residential Units
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
That both parties of this agreement acknowledge that these assessments were
determined from the above information, and not actual metered flows, and that the
assessments for the proposed facility will be re-evaluated after a period of eighteen
(18) months of actual service to determine if adjustments are warranted. The City shall
refund any overpayment of assessments resulting from the re-evaluation, or the
Applicant shall be responsible for payment of any shortage resulting from the re-
evaluation.
HOLLY PROPERTIES, an Idaho General Partnership
ASSESSMENT AGREEMENT
Page 2
HOLLY PROPERTIES an Idaho General Partnership
A. Keith Holloway, Partner
Delta B. Holloway, Partner
STATE OF IDAHO, )
ss.
County of Ada, )
On this 1st day of May, 1996, before me, the undersigned, a Notary Public in
and for the State of Idaho, personally appeared A. Keith Holloway and Delta B.
Holloway, known to me to be the General Partners of HOLLY PROPERTIES, an Idaho
General Partnership, and who subscribed their names to the within instrument and
acknowledged to me that they executed the same for said HOLLY PROPERTIES, an
Idaho General Partnership.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year first above written.
SEAL
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HOLLY PROPERTIES, an Idaho General Partnership
ASSESSMENT AGREEMENT
Page 3
CITY OF MERIDIAN
ert D. Corrie, Mayor
William G. Berg, Jr., City
STATE OF IDAHO, )
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County of Ada, )
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SEAL
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On this 1st day of May, 1996, before me, the undersigned, a Notary Public in
and for the State of Idaho, personally appeared Robert D. Corrie and William G. Berg,
Jr., known to me to be the Mayor and City Clerk of the City of Meridian, Idaho and who
subscribed their names to the within instrument and acknowledged to me that the City
of Meridian executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year first above written.
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