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AGREEMENT FOR CURB AND DRAINAGE FOR GUNN AVENUE ..! -; J J I A G R E E MEN T THIS AGREEMENT, made this 20th day of May, 1957, by and among the CITY OF CLEARWATER, FLORIDA, a municipal corporation, hereinafter called "CITY", and CONSTANTINE FARMS, INC., a Florida corporation, hereinafter called "O'INER"; and, WHEREAS, the City is about to commence the construct- ion of certain improvements which will enhance the value of certain properties owned by Owner and located outside the City limits, and described as follows: "That portion of the North East Quarter of Section 13, Township 29, Range 15, abutting and adjacent to the East line of Gunn Avenue, between the North property line of Gulf-to- Bay Boulevard and the North property line of Rainbow Drive extended, less the South 280 feet presently lying within the Clearwater City limits." WHEREAS, improvements to be made by the City consist of constructing a 30 ft. pavement, necessary curb and drainage for Gunn Avenue from Gulf-to-Bay Boulevard to Rain- bow Drive; and, WHEREAS, it is the desire of the Owner to bear it s proportionate share of the cost of the above project, based on the estimate of the City Engineer of said City; NOW, THEREFORE, in consideration of the amounts to be paid hereunder, the improvements to be accomplished here- under, and other good and valuable consideration, IT IS HEREBY MUTUALLY AGREED AMONG THE PARTIES HERETO AS FOLLOWS: 1. Owner agrees to deposit with City the sum of $2,423.74 for 506 lineal front feet at $4.79, estimated by the ~ity Engineer to be its proportionate share of the expense ,.. ~- , \ \ \ 00- 05.2(1)' .... J I of constructing the above named improvements by City and agree that after completion of said project and the actual cost of said improvement has been determined, to advance such further or additional amounts for their pro rate part as may be required if the actual cost exceeds the estimated cost. 2. City- acknowledges receipt of $2,423.74 and agrees to promptly commence construction of the aforemen- tioned project, and after completion of same if the actual cost does not equal the estimated cost, to promptly refund to Owner any sum remaining after deducting the Owner's actual pro rata share of the cost from the estimated pro rata cost herein received by City. IN WITNESS WHEREOF, the parties hereto, for them- selves, their heirs, administrators, successors and as- signs, have hereunto set their hands and seals this 3~ day of ~ 1957. CITY OF CLEARWATEd, FLOaIDA Attest: ffc2~ Ci~Clerk Approved as to form and correctness: ntersigned: ~~ ' 4/;. Mayor- omm~er ~~ ---cIty Attorney :@21~ Pre ident.. . ... -2-