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Pioneer Title Insurance & Trust Co. Page 2 March 9, 1953 _ *. , above estimates Include?? or ten (I0;») per cent which is to cover any un foa recsoenetni ngienn­cy crease xn materials and other costs. Our contract will fur­ther provide, among other things, that you furnish appropriate easement to cover mains so installed, that you deposit the estimated cost of #6570.00 and, in the event actual cost of work should be less than your deposit, the Water Company will refund t© you such excess amount. In the event, however, that the actual cost should exceed amount of your deposit* you win duiptoino nraelc eipt of bill, reimburse the --;&tar Company for such ad­costs. % actual cost is meant the cost of all materials and supplies? delivered to the Job, the coat of all lauor employed in connection with the installation of said water mains, the cost of premiums on contractor1n surety bond, public liability, property damage and contractor*a contractual liability insurance, plus 10$ for* supervision and overhead. 7he centreet will further provide for refund of 35$ ot the revenues derived from the sale o f water to customers taking direct service from lints installed hereunder, during the ten (10) year period following the completion of the installation or until cost (exclusive.of the cost of fir# hy­dervaenrt ficrosntne cotcicuorns .and fire hydrants) has been refunded, which Xf the above proposal is satisfactory to you m Trustee for the interested parties, will you please indicate your acceptance in the spaa* provided in the carbon copy of this letter which is sent to you In duplicate, and return to me together with your check in the amount of $6570.00. Very truly yours, L*3* Haag She. sn Acting General Manager ACCEPTS® this ___o f ______ .1953