2025-09-05-R - Laserfiche WebLink

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2. That based on water provided to Cushman for which BWU has not been compensated since March 1, 2021, Cushman is indebted to BWU in the amount of$959,713.21 ("deficit") as of August 1, 2025. By its signature hereto Cushman acknowledges said indebtedness and promises to back said monies in full to BWU. That Cushman acknowledges that the spreadsheet attached as Exhibit"A"is an accurate representation of sums paid by Cushman and debts owed for water supplied through August 1, 2025. 3. That the BWU shall provide an updated spreadsheet of said sums paid and indebtedness incurred via an email to the Cushman Mayor on a monthly basis or upon request by any elected official or waterboard member of Cushman. Said indebtedness based on the updated spreadsheet shall be deemed accepted by the Cushman as proper unless objected to by Cushman within thirty days of receipt. Said objection should post marked within said 30 days and addressed to the Mayor of the City of Batesville by Certified Mail or by hand delivery to the Mayor of Batesville. 4. That Cushman is currently paying the sum of$11,500 per month to BWU in exchange for BWU providing Cushman's water needs. 5. That BWU agrees to keep providing water on a monthly basis at the rate of $11,500 per month for the next twelve (12)months upon the following terms: a. Cushman shall be responsible for repaying all deficits accumulated and owed as well as deficits it shall accumulate for the foreseeable future to BWU; b. Cushman shall continuously make repairs to the leaks within its system during the term of this agreement, and document said repairs on a minimum monthly basis; C. Cushman shall provide BWU with a quarterly report detailing repair efforts, financing, and grant opportunities for which they have applied;