upr000184 182

X f By actual cost Is meant the cost of ©11 material aim supplies delivered to the Job, the cost of all labor employed In connection with the installation of said water sains, the cost of premiums on contractor*a surety bond, Public Liability, Property P&ta&gs and Contractor*s Contr&ctural Liability Insurance, plus ten percent (10$) for supervision and overhead. The Contract will further provide for refund of 35$ of the revenues derived fro© the sal® 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 coat (exclusive of the cost 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 m® together with your check in the amount of #5,350.00. Yours very truly, Acting General Manager Accepted this day of .. ... . 1952. BY. V * W r ’^adlioS’