Contracts & Agreements_2-1940 - Laserfiche WebLink

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L �2- / A GRE E M E N T 2 3 This Agreement made this 20th day of august, 19402 by and between the Redlands Country Club, a corporation, party of 4 the first part, and the City of Redlands, a municipal eorp* 5 ®ration, party of the second part; 1 SETH. That whereas the said party of the first 6 part owes and is indebted to the City of Redlands, party of the second part, for a delinquent water account in the amount of 7 01688.53 as of July 20th, 1940, for water supplied and furnished, the party of the first part hereby covenants and 8 : agrees with the City of Redlands, party of the second part, to pay this delinguezzt water account as follows: 9 The party of the first part hereby agrees to pay the 10 sum of 554.00 on account of said obligation herewith on the execution of this agreement, and to pay the balance of 11 $1338.58 in monthly installments of $37.20 payable on the lst day of each and every month until the said indebtedness is 12 ° paid in full, the installments to begin on the 1st day of November, 1940. 13 And the party of the second part, the City of Redlands, 14 ; in consideration of the said covenants on the part of the party of the first part hereinbefore contained, gees to 15 accept such an amortization of the obligation of the said &eliaq„uent water ageount. 16 And whereas the said City of Redlands believes that the 17 golf course of the said party of the first part is an asset and is of general Value to the city as a whole, the City of 18 Redlands hereby covenants and agrees, under certain terms and c conditions, to pr ote th i if course by contributing 19 the sins of 0500, . or es for said course to the 'party of the first part from its Masie and Promotion .Fund, in 20 manner following- By monthly contl*ibutions of 42.50 made on account of the current monthly water bills of the party of the 21 first part, such contributions to begin on the lst day of October, 1940, the contributions to be made on November lst, 1940, and 22 thereafter to be made simultaneously and contingent on the party of the first part making payments in cash to the City of Redlands 23 of the balance of the current monthly water bill, such payments to begin on November lst, 1.940. And also on condition that the 24 : Redlands Country Club, the party of the first part, popularizes the said golf course and makes the said course available to the 25 general public at a green fee of fifty cents per person on a week i day and a green -fee of sevenjy~�fi:ve° aenta per person on Saturdays,, 26 Sunday's and Rolida.ys, the number of such fees allowed any one person to be limited to two tines a month, Farther that the golf 27 course be promoted and advertised on this basis, and that the said Club endeavors to have the Chamber of Commerce duly promote the 28 said course as a community recreation affair. And whereas the sai Redlands Country Club, party of the first part, desires the said 29 contribution of the sum of 500.00, the said party of the first part hereby covenants itself to carry out the terms and provision 30 as herein set forth. It is understood and agreed that the said Country Club will maintain the same right to refuse admission to 31 play to anyone that is reserved by all public courses in Southern California. 32