MUTUAL WATER COMPANY SUBSCRIPTION AGREEMENT ...

Construction Expenses, calculated by dividing the total
Construction Expenses by the total Water Subscriber's number
of parcels and the total Additional Water Subscriber ( s)
parcel(s) plus pay any additional expenses associated with
adding water service to their parcel ( s) from the Mutual.
Upon a written request from Additional Water Subscriber(s) to
the Mutual to provide water service to the newly created
parcel(s), the Mutual shall provide written notice to the
owner(s) of the newly created parcels of the amount of their
cost share(s) of Construction Expenses which shall be due and
payable to the Mutual within twenty ( 2 0) days of their
receipt of the notice. If any of the owner(s) of the newly
created parcels do not make the required payments, they shall
not be included as Additional Water Subscribers and the
amounts owed by the remaining Additional Water Subscribers
shall be recalculated.
Any property owner(s) within the Service Area who are
Initial Subscriber(s) and actively pursuing the sale of their
property(s) for funds available through Proposition 70, for
the Big Sur Viewshed Acquisition Program under the California
Wildlife Coastal and Park Land Conservation Act of 1988, and
choosing not to become a Water Subscriber at the time the
Mutual obtains the Construction Bid and at a later date for
any reason does not complete the sale for Prop. 70 funds may
become an Additional Water Subscriber by paying their share
of the Construction Expenses, calculated by dividing the
total Construction Expenses paid by the total Water
Subscriber's number of parcels and the total Additional Water
Subscriber ( s) parcel ( s) plus pay any additional expenses
associated with adding water service to their parcel(s) from
the Mutual. Upon a written request from Additional Water
Subscriber(s) to the Mutual to provide water service to the
parcel ( s) whose sale for Proposition 70 funds was not
completed, the Mutual shall provide written notice to the
owner ( s) of said parcel ( s) of the amount of their cost
share(s) of Construction Expenses which shall be due and
payable to the Mutual within twenty ( 2 0) days of their
receipt of the notice. If any of the owner ( s) of said
parcel(s) do not make the required payments, they shall not
be included as Additional Water Subscribers.
(i) The anticipated water source for the mutual is
located on Bibbero's parcel. Bibbero will convey to the
Mutual upon commencement of construction of the system the
existing well, well lot easement, and appurtenances to the
well; excluding the existing pump, water line, storage tank
and pressure system serving the Bibbero parcel. Bibbero's
expense for the well is $44,593.76, excluding the costs of
the existing pump, water line, storage tank and pressure
system. This expense shall be included in Construction
Expenses.
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