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Mr* hwteney * a flit® Water Is willing to enter into cron-tract providing* 1* You agree to deposit with the Water Company the sum of $31 750 to cover the estimated cost of the work* 2# In event the actual cost of the work is less than your deposit, the Water Company agrees to refund to you suoh exoesa amount. If, however the actual ooat exceeds the amount of your deposit, you agree, upon receipt of bill, to reimburse the later Company for such excess cost* 3. % actual cost Is meant the cast of all material and supplies delivered to the Job, the coat of all labor employed in connection with the installation of said water main, the cost of premiums on contrac­tor & * / Contraotural liability Insurance, plus ten per-cent ((10;!) for supervision and s ? overhead* *? MnT VWVA t_X^ X/v^ kt You agree to deliver to the hater Company ease­ments .satisfactory in form, where pipe lines are to be laid in other than dedicated streets and alleys, said easements to be five foot on eaoh side of the’ center line of suoh pipe lines* 5* You agree to furnish a bill of sale conveying to the hater Company title to the pipe lines free and clear of all liens and encumbrances* 6, You agree, at your own expense to survey and stake water lines to be constructed in other than dedicated streets and alleys, and to indicate street and alley grades* 7* You agree, in consideration of the water Company * b agreement to accept your alternate plan for serving the Subdivision, to waive refund of any portion of the revenue derived from sale of water to consumers taking service from the water mains constructed under this agreement* The above estimated cost of $31 750 includes a contingency item of 10,1 to cover unforeseen costs, which as stated above will be refunded to you if not required.