16 RIVERBANK ROAD - BUILDING INSPECTION UPC 10333
No. 153L-3
HASTINGS, MN
i
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JOINT VENTURE AGREEMENT
OF INTERVALE/RIVERVIEW FORCED MAIN ASSOCIATION
WHEREAS, Peter K. Strout and Kathie M. Strout (hereinafter
referred to as "Strouts") are the owners of realty located at 29
Riverview Street, Salem, Essex County, Massachusetts; and
WHEREAS, George C. Hartman and Cathleen A. Hartman
(hereinafter referred to as "Hartmans") are the owners of realty
located at 3 Riverview Street, Salem, Essex County,
Massachusetts; and
WHEREAS, George Girard and Michelle Girard (hereinafter
referred to as "Girards") are the owners of realty located at 20
Intervale Road, Salem, Essex County, Massachusetts; and
WHEREAS, Peter DiIsso and Lisa Dilsso are the owners of
realty located at 19 Intervale Road, Salem, Essex County,
Massachusetts; and
WHEREAS, the said Strouts, Hartmans, Girards and DiIssos are
the owners of a private sewer pumping system located on Intervale
Road and Riverview Street, Salem, Essex County, Massachusetts, as
shown on a plan attached hereto and incorporated herein; and
WHEREAS, the cost of installing said system amounted to the
sum of Fourteen Thousand Dollars ($14, 000.00) for the cost and
installation; and
WHEREAS, Maurice Gauthier and Velora Gauthier (hereinafter
referred to as "Gauthiers") are the owners of realty located at
27 Riverview Street, Salem, Essex County, Massachusetts.
NOW, THEREFORE, in consideration of the mutual covenants
contained herein, the said Strouts, Hartmans, Girards, DiIssos
and Gauthiers hereby agree as follows:
1. The undersigned do hereby associate themselves as a
joint venture, for the sole purpose of managing the ownership and
maintenance of said private sewer pumping system, hereinafter to
be referred to as "The Intervale/Riverview Forced Main
Association. "
2 . The said Gauthiers shall pay one-fifth of the costs
associated with the installation of said sewer pumping system to
the said Hartmans, Girards and DiIssos at the time of execution
of this agreement. The Strouts hereby waive their portion of
said payment.
3. The said Gauthiers are hereby granted one-fifth
ownership of said sewer pumping system and are granted full
rights of hook-up and use of said sewer pumping system. The said
Gautheiers acknowledge that their percentage of ownership may
decrease with the addition of other parties to this agreement.
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a. 3
4 . The said Strouts, Hartmans, Girards, DiIssos and
Gauthiers agree to hereinafter share equally all expenses
associated with the maintenance of said sewer pumping system.
5. Each owner reserves the right to separately dispose of
his share of any real property associated with this agreement
without the approval of any other owner or management. However,
such subsequent owner shall be bound by this agreement to the
same extent as his predecessor in 'title.
6. Death or insolvency of any individual owner or
bankruptcy or attachment or other action shall not dissolve this
agreement, it being provided that any heir, assignee, purchaser
at judicial sale, purchaser from receiver, referee in bankruptcy
or otherwise, shall acquire only the interest of such individual
owner and shall thereupon become bound by the articles hereof the
same as if he had signed the same at the inception.
7 . Any such owner or owners may grant permission to a
public utility company or water company to enter upon said way,
to install, repair, or relocate pipes, conduits, manholes, and
other necessary appurtenances for transmission of sewer service
in accordance with the company regulations.
8. The owners herein shall share equally all liability,
damage, loss, claims, demands, and actions arising out or
associated with the operation of the sewer pumping system.
9. The parties hereto collectively agree that any other
abutters to said sewer pumping system will be allowed to hook up
and purchase a pro rata interest in said sewer pumping system
upon payment of a pro rata share of the said costs of
installation and any accumulated maintenance charges with the
proceeds to be split equally amongst the present owners of the
sewer pumping system. Each future owner shall be required to
execute an agreement similar in content to this agreement.
10. The parties hereto hereby each grant to each other
reciprocal easements necessary to effectuate this agreement and
further agree to execute any and all documents necessary for
recording in the Essex South District Registry of Deeds in order
to make this agreement binding upon their successors in title to
their respective realties.
11. This agreement shall be binding upon and shall inure to
the benefit of the heirs, assigns, and successors in interest of
the parties hereto.
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I RPUIVED 11/03 15:04 1993 AT 5007456909 PAGE 4 (PRINTED PAGE 4) 3
,. 5087418034 21 FRONT ST. ASSOC. 629 PO4 NOV 03 193 16:12
Executed as a sealed instrument this ^�34day of YnU('uk
1993.
v
r ce t e Velbta Gauthier
Peter tro K e M. Strout
ann Cath. artmanp
XJA*1�IA/� -)Ili J�) -49
rga 3frard Michelle G rard
r
Peter D IscoL a biIsso
COMMONWEALTH OF MASSACHUSETTS
ESSEx,SS. overbz a3
Ai9Vp1tb6r 199
Then personally appeared the above named Maurice Gauthier
and Velora Gauthier and acknowledged the foregoing instrument to
be their free act and deed, before me,
Notary,45ublic
My Commission Expires:
3
C 136C91YPD 11/03 15:04 1993 AT 59/374569/39 PAGE 5 (PRINTED PAGE 5) 1
5087418034 21 FRONT ST. RSSOC. 629 P05 NOV 03 '93 16:12
COMMONWEALTH OF MASSACHUSETTS
ESSEH,SS. November, 1993
Then personally appeared the above named Peter K. Strout
and Kathie M. Strout and acknowledged the foregoing instrument to
be their free act and deed, before me,
�eirM,c,�' .o�ie�ty N liC
My Commissiozf icaes Z59q
COMMONWEALTH OF MASSACHUSETTS
ESSEX,SS. NoMaIju , 1993
Then personally appeared the above named George C. Hartmann
and Cathleen A. Hartmannand acknowledged the foregoing instrument
to be their free act and deed, before me,
otary lic
Y Commission Expires• OG t,/z /��3
COMMONWEALTH.OF MASSACHUSETTS
ESSEX,SS.
!2, 1993
Then personally appeared the above named George Girard and
Michelle Girard and acknowledged the foregoing instrument to be
their free act and deed, before me,
01
NotaPubl C
Commission Expir s: /2j /yp�
4
["RECEIVED 11/03 15:04 1993 AT 5007956909 PAGE 6 (PRINTED PAGE 6) 1
5087415034 21 FRONT ST. RSSOC. 629 P06 NOV 03 193 16:13
COMMONWEALTH OF MASSACHUSETTS
ESSEX,SS. OCCie(Mtvv
L, 1993
Then
Lisa niXesoeand nacknowleappearedally
dgedthe eforegoing minstrumentltosbeatheir
free act and deed, before no,
Xt
Commission Expirj is
•�� iPyJ
5