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HomeMy WebLinkAbout80-1020 Sleepy Hollow . S e RIDER TO CONTRACT FOR SALE OF WATER BY THE CITY OF ELGTN TO THE VILLAGE OF SLEEPY HOLLOW This Rider made and entered into this a3 #4 day of OCio,?ER , 1980 , by and between the City of Elgin (hereinafter referred to as Elgin) , an Illinois Municipal Corporation and the Village of Sleepy Hollow (hereinafter referred to as "Sleepy Hollow") , an Illinois Municipal Corpora- tion, WITNESSETH: WHEREAS, Sleepy Hollow and Elgin have entered into a contract for sale of water by the City of Elgin to the Village of Sleepy Hollow, said contract being dated June 11, 1980 ; and WHEREAS, the parties hereto agree it is necessary to amend said contract by adding thereto the provisions of this Rider, which provisions are fully set forth hereinafter; NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, Elgin and Sleepy Hollow agree to amend said contract as hereinafter set forth: 1. That Paragraph 6 . of said contract be amended by adding thereto the following: All payments to be made by Sleepy Hollow to Elgin shall be solely from the revenues to be derived from the operation of the combined waterworks and sewer system of the Village of Sleepy Hollow as provided by law. 2. That Paragraph 8. , Term of Contract, is hereby amended to read as follows : 8. Term of Contract. This contract shall continue in full force and effect for a period of twenty-one (21) years from the date hereof. Sleepy Hollow shall have the option of renewing the contract for any term permitted by law on such terms and conditions and re-adjustments, if any, to be then agreed by and between Sleepy Hollow and Elgin. ..$- t _ IN WITNESS WHEREOF, the parties hereto acting under authority of their respective governing bodies have caused this contract to be duly executed in several counterparts, each of which shall be constituted an original, all as of the date and year first above written. CI OF ELGIN, an I in. ' s Municipal Co t orat' on By rr► Ai Ci Manag-r ATTEST: -, ( ** Ar eVYLAti-Aft._ City C1 VILLAGE OF SLEEPY HOLLOW, an Illinois Municipal Corporation By 4., ATTEST: Village Clerk • - 2 -