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Mayor & City Council <br />October 28, 1992 <br />Page 2 <br />become exerciseable by the Board until the Board <br />shall have given written notice of such default to <br />Permittee and the lapse of 60 days after the <br />giving of said notice without Permittee having <br />made good such default. <br />It is my recommendation that the we approve the revision as <br />presented and we execute the Water Works Trail Agreement. <br />JRH:kpv <br />Page 3 <br />