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• • <br />UTILITY EXTENSION AGREEMENT <br />PAGE 4 <br />Thereafter, Owner shall deposit with City in escrow a sum <br />equal to the amount bid by the lowest responsible chosen <br />bidder for the Owner's portion of the construction .which <br />shall consist of all material and labor required to construct <br />Section (D) (C) & (D), plus a sum equal to the estimated <br />construction staking and inspection fees if applicable for <br />the Owner's portion. When said deposit has been made by <br />Owner, City shall authorize construction of said extension. <br />It is agreed and understood that the deposited escrow amount <br />made by Owner does not relieve Owner from paying for any <br />unforseen costs/or cost overruns in the project that result <br />from circumstances beyond the control of the City, the <br />engineer or the contractor. <br />(8) City agrees to accept the value of the Owner's portion of the <br />extension that abutts said Owner's property as a pro rata <br />portion of the prevailing square footage and/or front foot <br />connection charge for sewer service against said property <br />belonging to Owner. Owner shall be responsible for all other <br />customary charges. <br />(9) Upon execution of this agreement and compliance with terms <br />herein, City agrees to begin the design and construction <br />thereof as herein provided. City shall require the Owner's <br />engineer and the contractor under such contract to diligently <br />pursue the design and construction ~of the project to <br />completion. <br />