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b) =6Watermain

ad) Inspection
Fee

/sgg
Mar 24/82

~ City refunds 50% of the lowest

acceptable bid for the refundable
watermain construction. The
remaining 50% would be paid back as
recovered from other developments in
accordance with the agreement between
the City and developer. Total refund
for watermain is estimated at $66,000.

agreement between
Total refund for r
$100,000.

City refunds amount of inspection fee
applicable to the construction of the
watermain and sewer main and road
construction.

estimated amount to be refunded ~
$8,640 being 4% of letter of credit
amount. oo