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line shall vest in Mid -Florida upon the execution of this agreement <br />irrespective of'the time that said hose was installed or used in <br />its initial installation. <br />9. The City has installed a 6" underground water main with <br />appropriate valves and has installed or shall install a meter at <br />18th Street and 6th Avenue,.to temporarily connect the City's water <br />system to the water system of Mid -Florida. Title thereto shall remain <br />with the City. <br />10. The City has installed a 8" water main with appropriate <br />valves and has or shall install a meter at 12th Awe from the south <br />entrance of Vero Mall Shopping Center as a temporary emergency <br />connection to a connection point on Mid -Florida's system. Title <br />thereto shall remain with the City. <br />11. The City shall provide all materials, supplies and labor for <br />the construction and installation of the water mains and associated <br />parts thereof described in paragraphs 9 and 10, above. Mid -Florida <br />shall pay to the City, the City's actual supply and material costs <br />(exclusive of meters), plus 10% thereof, and the City's actual labor <br />provide water meters. <br />s 30o thereof, including labor to p <br />costs,,plu % <br />12. Mid -Florida shall tender to the City not later than noon on <br />April 20, 1978, a cashier's check in the amount of $5,000.00 in U.S. <br />currency as security deposit for all costs of materials, supplies, <br />valves, etc., labor, and water. <br />13. The City shall bill Mid -Florida on the first day of each <br />month for service rendered during the preceding month. Each bill <br />shall include any applicable material, supplies, etc., and/or labor <br />expenses (plus percentage overrides) incurred by the City on behalf <br />of Mid -Florida during the preceding month. Provided, however, any <br />expenditures for labor, materials and supplies, etc., other than the <br />4" fire hose and the two water mains, valves, etc., described above, <br />shall be subject to the approval of Carl D. Overstreet, Vice -President, <br />Mid -Florida. However, said approval is not required for inspections, <br />testing, etc., noted in paragraph 20, herein. Mid -Florida shall pay <br />each invoice in full not later than the 15th day of the invoice month. <br />All invoices shall be paid in full without off -set of any security <br />deposit or deposits. All security deposits shall be utilized only to <br />- 3 - <br />APR 191978 BOOK 34 PAcE 318 <br />