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Resolution No.o�Oo,� <br /> Whereas, the Board of Commissioners of the Batesville Water Utilities, <br /> Batesville, Arkansas, has opportunity to purchase a portion of the Rockmoore Water <br /> Association system lying within the city limits of Batesville; and <br /> Whereas,the acquisition area is in three parcels; The first area beginning at the <br /> current location of the Rockmoore master meter at Eagle Mountain Boulevard lying south <br /> of Arkansas Highway 69 and south and west of Arkansas Highway 394 continuing east to <br /> the Batesville City limits minus a 200 foot offset on the south side of 394 beginning at <br /> the curve just east of Liberty Lane and continuing to the Batesville City limits; and <br /> Whereas,the second being an area beginning at the current Batesville city limits <br /> and lying east and south of the city limits known as Eagle Mountain Development <br /> properties as is described in deed book N-16, page 493, of the Independence County <br /> Records (a legal document on file at the Independence County Court House) and subject <br /> to the following conditions: <br /> • The Rock-Moore Water Association retains service rights to the 200' offset as <br /> prescribed above subject to future agreements between the Rock-Moore Water <br /> Association and the Batesville Water Utilities Commission. <br /> • The Rock-Moore Water Association retains the right to offer water service to the <br /> developer of Eagle Mountain Properties subject to the following constraints: <br /> 1. The period of service will not extend beyond a period of five years from the date <br /> of this agreement unless otherwise requested by the Batesville Water Utilities <br /> Commission. <br /> 2. The installation of such water service must meet Batesville Water Utilities' <br /> standards. <br /> 3. Rock-Moore Water Association will retain all revenue provided by customers on <br /> Rock-Moore lines in the development until such time as Batesville Water Utilities <br /> extends service to the development at such time Rock-Moore will transfer all <br /> customers to Batesville Water Utilities without cost. <br /> Whereas, the third area lying north of Arkansas Highway 69 east bordered by the <br /> Saw Mill addition, the Batesville City limits, Highway 69 and the railroad tracks; and <br /> Whereas,the Rockmoore Water Association desires to sell this portion of their <br /> system to the Batesville Water Utilities for $300,000.00 and the construction of certain <br /> water lines; and <br /> Whereas, the Batesville Water Utilities Commission considers this an equitable <br /> price; and <br />