Water Extension Agreement - Private Extension of Public Water Main for N. Hill St. and St. Vincent St. – Patrick O’Brien Enterprises, LLC

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(2)business days in advance to arrange for the attendance of a City inspector at key milestones throughout work. Key milestones shall include but not be limited towater main taps. The Owner agrees to perform any necessary adjustments as reasonably required by the CityEngineer (or her designee) in her sole discretion,as a result of such inspections. The failure of Owner to comply with this Section shall be a material breach of this Agreement. 3.Permits It shall be Owner’s sole responsibility and expense to obtain any and all permits associated with the construction and installation of the Dedicated Improvements. 4.Performance Bond Concurrently upon the execution of this Agreement or within seven (7) days thereof, Owner shall provide the City with a performance bond for an amount equal to one hundred twenty–five percent (125%) of the construction cost covering all work performed or to be performed pursuant to this Agreement. Owner’s failure to provide the performance bond as prescribed herein shall cause this Agreement to be immediately terminated and of no effect, without the requirement of notice. Surety shall be posted in perpetuity until the acceptance of the Completion Affidavit, Maintenance Bond, and Waiver of Lien. 5.Maintenance Bond Within ten (10) days of City’s acceptance of the Dedicated Improvements, Owner shall provide the City with a maintenance bond equal to ten percent (10%) of the construction cost covering all work performed or to be performed pursuant to this Agreement, andsuch bond shall remain in effect for three (3) years after dedication as described in Section 7 below.