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Mr, C* Van Patten Page Two March 1?, 1953 l*3f actual cost Is meant the coat of all material and supplies delivered to the job, the cost of all labor and equip­ment employed in connection with the installation of said water mains, plus ten (10$) percent for supervision and overhead* The contract will further provide for refund of 35# of the revenue derived from the sale of water to consumers located within the subdivision above referred to, taking service from the lines installed hereunder, during the ten year period follow­ing the completion of the installation or until your cost (ex­clusive of the ©oat of fire hydrant connections g M fire hydrants) has been refunded, whichever occurs first* If the above proposal is satisfactory to you, will you please indicate your acceptance in the space provided In the carbon copy of this letter which is sent to you in duplicate, and return to m together with your check in the amount of ^090.00* Very truly yours, L.K. Maag Acting CNmer&l Manager ACCEPTED This day o f _ _________.1953 • 0 *' Htf Kffll