Water Service Contract

The contract is for the provision of potable water from Bay County, Florida to the City of Springfield. The contract has a term of 40 years, with the option to renew for successive 30-year periods. The County agrees to sell water to the City at a rate that may be modified from time to time, and the City is responsible for distributing the water to its customers. The contract includes provisions for the measurement of water usage, the maintenance of the water system, and the resolution of disputes. Key points include: • The contract term is 40 years, with the option to renew for successive 30-year periods. • The County agrees to sell water to the City at a rate that may be modified from time to time. • The City is responsible for distributing the water to its customers. • The contract includes provisions for the measurement of water usage, the maintenance of the water system, and the resolution of disputes.