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Resolution 3496 RESOLUTION NO. 3496 WHEREAS, the City of Miami Beach Water Department, at the expense of The Sunset Islands Company, is about to install certain permanent water mains on Islands numbered 1, 2 and 3 of Sunset Islands as per 2nd revised Plat, recorded in Plat Book 34, Page 73, of the Public Records of Dade County, Florida, and WHEREAS, there will be used on Island No. 3 approximately 3800 feet of eight inch castiron pipe now on the ground and the property of The Sunset Islands Company, and ' HEREAS, The Sunset Islands Company is to furnish to the City of Miami Beach Water Department the sum of $9, 885.67 with which the said water department is to purchase material, and WHEREAS, The Sunset Islands Company is to meet the costs of labor and miscellaneous expense as the same accrue and is to furnish approximately 3800 feet of eight inch castiron pipe now on the ground on Island No. 3 as aforesaid; NOW, TH REFORE, BE IT RESOLVED by the City Council of the City of Miami Beach, Florida, that said City refund to the said The Sunset Islands Company, the said costs of installation including material and labor in two ( 2) equal annual installments, the first of which installment shall be paid one year from the time the ordinary annual revenue from said installation derived from ordinary household use equals at least fifteen percent of the total cost thereof, including material and labor, and the value of the eight inch castiron pipe now on the ground of Island No. 3 shall be fixed for the purpose of such reimbursement at an amount equal to the actual saving accomplished by using said eight inch castiron pipe instead of purchasing new six inch pipe, said value to be determined by the City Manager and. Superintendent of the Water Department of the City of Miami Beach. BE IT FURTHER RESOLVED that this resolution shall not be deemed to authorize the actual payment to The Sunset Islands Company of the refund herein referred to, but such authority shall be included in a Resolution of this Counci4 when the installation of said permanent water mains shall have been completed and said Resolution shall set forth the exact amount of such refund ----M11111111 � to be computed in the manner hereinabove set forth. PASSED AND ADOPTED this 15th day of April, A. D. 1936. t Attest: President City Council City Clerk ON •z tb H Z 0 H H a cra0 w