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Aliso and Myers Streets, Los Angeles, California; rental for extended term $440.00 per month, plus any additional rental required under the provisions of said lease; subject to termination by either party upon thirty days’ notice; Lessor agreeing to carry fire and extended coverage insurance in sufficient amount to cover the insurable value of the building, and Lessee agreeing to pay Lessor the premium on such insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing Agreement "N"L.D. 2786, dated February 21, 1954, between LVL&WCo., called "Company” and Romy Hammes, an individual, called "Subdivider", providing; 1 - Subdivider at his sole cost and expense to furnish all necessary materials and labor and construct; a . Approximately 1,395 water mains; LF of 8" cast iron b. Approximately 3,575 water mains; LF of 6" cast iron c . Approximately 70 LF hydrant connections of > 6" cast iron fire to serve Marycrest Estates Subdivision , Las Vegas, Nevada; 2 - Company to refund to Subdivider at quarterly intervals 35$ of the revenue received by it from consumers located in Marycrest Estates Subdivision taking direct service from water mains so installed for a period of ten years from date of completion of said installation, or until Subdivider has been repaid the agreed-upon sum of $18,091.00, whichever first occurs; 3 - Company to own said water mains; 5-