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1992-32 .. 8 8 SEWER IMPACT FEE AGREEMENT This Agreement, by and between CITY OF CLERMONT, a Florida municipal corporation ("CITY"), and THE OAKS HOMEOWNERS ASSOCIATION, a Florida corporation ("OAKS"), made and entered into this /&- day of cO~, 1992. WHEREAS, CITY OF CLERMONT, is a municipal corporation in Lake County, Florida, providing sanitary sewage treatment and disposal, and WHEREAS, THE OAKS HOMEOWNERS ASSOCIATION is a Florida corporation serving as a homeowners association provided for in the Declaration of Condominium of The Oaks Condominium, and WHEREAS, the "CITY" and the "OAKS" have entered into that certain Interlocal Agreement wherein "CITY" is providing sewage treatment and disposal services for "OAKS", and WHEREAS, said Interlocal Agreement provides that "OAKS" pay to "CITY" the sewer impact fee. NOW THEREFORE, the parties agree that "OAKS" may pay to "CITY" the sewer impact fee as follows: 1. Payment in full as prescribed by City of Clermont Sewer Impact Fee Ordinance. 2. Payment in five "5" equal annual installments together with interest on the unpaid balance at a rate equal to the average of previous twelve (12) months interest rate paid by the State Board of Administration plus two hundred basis points. The rate will be calculated December 1 of each year. .. 8 8 DATED this ¡l31L day of r£l~, 1992. CITY OF CLERMONT, a Florida :::wr~ City Clerk -+JXÁ ~ó a. ~/LA::J 7/ÞJ,>lj 0 ~,~t,,) THE OAKS HOMEOWNERS ASSOCIATION, aFl~ BY: STATE OF FLORIDA) : SS. COUNTY OF LAKE ) The foregoing Agreement was acknowledged before me this ~ day of December, 1992, by '1?(jbe~T f1-. POD I as M4 vtJlL of the CITY OF CLERMONT, a Florida municipal corporatiòn, ón behalf of said corporation, who is personally known to me and who did not take an oath. lit.'i;.):'fí;;;þ. f..!~N S. WHITLOCK ~*¡ "J;." ;*; MY CúM1J1iSSlON /I CC 212874 EXPIRES ~.~.; July 7, 1996 "'~p.r;,'iW& ECf,PE1 ; rlAU TROY FAIN INSURANCE,IHe ~ 2¿J~ Notary Public -Y-¡/9'(P My Commission Expires: STATE OF FLORIDA) : SS. COUNTY OF LAKE ) The foregoing Agre~l}t .wfls acknowledged before me this /1 tl. day of December, 1992, by O~,."" \) . S~¡-f'.fl'? as P~<si J~ of THE OAKS HOMEOWNERS ASSOCIATION, a Florida corporation, on behalf of said corporation, who is personally known to me and who did not take an oath. ~c;. ~ otary Pubb,c My Commission Expires: , .,'~~':r~ JUDITH A. HUGUENIN [:r:6"'):~ MY COMMISSION /I CC 186332 EXPIRES ~'~'R: Apn112, 1996 "'~;P.~:r:.~., BONDED THftU TROY FAItIINSURA'ICE, IHe