upr000182 24

r * Federal Homes, Xtic* #2 and in the event actual cost of the work should toe lees than your deposit, the Water Company will refund to you such excess amount. In the event, however, that the actual coat should exceed the amount of your deposit, you will, upon receipt of bill, reimburse the Water Company for auch additional coat* ly actual cost i® meant the cost of all material and supplies delivered to the job, the cost of all labor employed in connection with the installation o f said water main, the coat o f premiums on contractor*s surety bond, Public Liability, Property Damage and Contractor*s Contreotural Liability In* suranoe, plus ten eroent (10$) for supervision and overhead, fhe Contract will further provide for refund of 35$ of the revenues derived from the sale of water’to consumers located within the subdivision above referred to, taking service fro m the lines installed, hereunder, during the ten* year period following the completion of the Installation or until your cost (exclusive of the coat of the fire hydrant connections and fire hydrants) has been refunded, whichever first occurs* If the above proposal is satisfactory to you, will you please indicate your acceptance in the space provided on the carbon copy of this letter which is sent to you in dupli­cate and return to me together with your ©heck in the amount of $6?lo* lours v«ry truly, Acting General Manager Accepted tills day of 1952. FEDERAL HoMEB, If 10,,