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2026-02-01-R
CITY-OF-BATESVILLE
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2026-02-01-R
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2/18/2026 2:15:21 PM
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d. Cushman's water usage shall be stabilized(within twenty percent loss <br /> rate) or decreased based on the same month's average total metered consumption in gallons from <br /> the same months in prior years; <br /> e. Cushman agrees to increase the monthly amount payable to BWU if <br /> financially possible; <br /> f. That Cushman shall continue to pay a minimum of$11,500, even after its <br /> monthly usage bill falls below that amount. Said sums paid in excess of the monthly bill shall be <br /> applied to the indebtedness until all indebtedness is paid to BWU. Cushman's monthly <br /> minimum payment for water shall not decrease until all accumulated indebtedness to BWU has <br /> been paid in full; <br /> g. That Cushman agrees to supply BWU with a copy of their most recent <br /> audit for their water association and/or city upon request by BWU as well as its monthly billing, <br /> receipts, and expenses; and <br /> i. Regardless of the month of the term of this agreement, upon the <br /> cumulative indebtedness reaching $1,500,000, as confirmed by BWU,the length term of this <br /> contract shall become month to month in nature, unless the terms are extended or renegotiated by <br /> a written agreement approved by the parties. <br /> 6. That said indebtedness shall be interest free, so long as the terms of the agreement <br /> are complied with by Cushman and all indebtedness is paid back to BWU on a monthly basis as <br /> contemplated herein. <br /> 7. Failure of Cushman to fulfill the terms specified herein shall be grounds for <br /> default. <br /> 8. That at the end of term of this agreement, said terms of this agreement shall <br /> continue on a month-to-month basis unless renegotiated or terminated by one of the parties. <br /> Cushman's inability to repay the accumulated indebtedness during the term of this agreement <br />
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