19333 DUBUQUE RD LINE 3 2022-08-24

comprised of three members, one representative from each of the Lot owners. A husband and wife may not serve jointly on the Board. The initial members of the Board shall be: (5) The Board shall designate the party who shall be deemed to be Treasurer and agent for the Association for all purposes in dealing with the City of Everett for water related matters, except for approving extensions or changes in water service contracts with the City, and such items shall be referred to the Board of Directors. The Treasurer shall be responsible for payment of City of Everett Water billings from funds paid by the Three Lot owners, and for prorating water service billings among the three lot owners. The parties will each pay into the Treasurer' s Water Service Account the sum of $100.00 at the signing hereof to be used for payment of water service billings. The Treasurer will endeavor atll times to maintain a $300.00 balance in the Association checking account. Billings will be prorated equally among the three lot owners, without determination as to how much water each lot owner consumes from time to time, unless a separate meter is later installed for each of the three lots, by'unanimous vote of the Board of Directors (at each lot owners expense) , to register water use to each lot. Such individual meters must be installed If separate meters are late installed, the Treasurer shall read each water meter and keep water meter readings records , and prorate the City billing accordingly. The parties intend to utilize one master meter at the outset of water service. The cost assessed by the City for labor and material and for master water meter shall be borne equally among the three lot owners and such such sum shall payable to the Treasurer within 10 days of billing for same. Any deposits that the City shall require as a condition of the meter installation or as a condition of future water service shall be paid equally among the three lot owners, within 10 days of billing of same. • Minimum billings as are billed by the City, even though there is no actual use of water by any of the lots, shall be paid in three equal shares. No lot shall be assessed for water service (except for period that there are no homes on any of lots and City has minimum billings for such period) until water service is required for that lot( s) for a single family residence on said lot(s) , either a conventionally built home or mobile home. Billing by the Treasurer for water service to each of the lots shall commence upon a building permit or mobile home permit being issued by Snohomish County for each of the three lots, or upon commencement of site excavation for foundation work for each of the lots , or the moving of mobile home onto each of the lots, whichever is the earlier date. It