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I <br /> I <br /> <br />'1 <br /> I <br /> I <br /> ! <br /> I <br /> I <br /> ! <br /> I <br /> I <br /> ! <br /> I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> <br />ms <br /> <br />F~re HYdrants. Fire hydrants shall be installed along <br />McKinley Street at the time of utility construction with <br />maximum spacing of 500 feet apart. <br /> <br />sanitary Sewer, Water and Storm Sewer. The CITY will <br />construct within the McKinley Street right-of-way <br />watermain and storm sewer facilities. In addition as <br />previously stated, the sanitary sewer trunk already is <br />constructed and located within said right-of-way. The <br />CITY will construct within the permanent utility easement <br />watermain facilities in addition to the sanitary sewer <br />main facilities already located within said permanent <br />easement. <br /> <br />Water Lateral Stubs. The CITY will construct water <br />lateral stubs sufficient to accommodate the needs of the <br />property being serviced. <br /> <br />III. <br /> <br />LANDOWNERS' PAYMENT FOR THE UTILITY IMPROVEMENTS <br /> <br />5. sanitary Sewer and Water Utility Availability Payments. <br /> <br />At the time connection is made to the sewer and water utilities to <br /> <br />be constructed in the McKinley Street right-of-way, LANDOWNERS or <br /> <br />their assigns will pay the CITY,S then current S.A.S. for sanitary <br /> <br />sewer trunk and water trunk availability. The CITY'S 1990 S.A.S <br /> <br />charge for this benefit was $7,463.00 per acre of commercial or <br /> <br />industrial property. Said present surcharge is adjusted annually <br /> <br />based on Engineering News Record Cost Index. The principal amount <br /> <br />of the S.A.S. plus accrued interest will be made over a ten (10) <br /> <br />year term. In addition, the LANDOWNERS will pay to the CITY any <br /> <br />water and sewer lateral utility benefits in accordance with the <br /> <br />then utility payment policies of the CITY with payment for said <br /> <br />benefits to commence to accrue at the time of connection to the <br /> <br />water and sewer system. <br /> <br />5 <br /> <br /> <br />