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termination of easement for any well lot easement granted to Utility pursuant to Paragraph <br /> 10.2 of this Agreement, (ii) request DEH to rescind the Permit in Utility's name, and (iii) Utility <br /> and Developer shall complete any other documents necessary to void any other transactions <br /> or actions contemplated/performed hereunder. <br /> 4. Monthly Water Rates and Fees. Utility shall apply for its current Commission <br /> approved water rates and fees, as may be amended from time to time. The meter installation <br /> fee for a meter<1" shall be $70, or current Commission approved rate, and shall be paid by <br /> the person or builder requesting service to that location for the first time only. For meters <br /> >1", the person or builder requesting service to that location for the first time shall be charged <br /> actual costs for the installation and meter. <br /> 5. Connection Fee. None. <br /> 6. Purchase Price Payments. Utility, as Utility's investment, is purchasing, upon Closing, <br /> from Developer the total Assets complete and installed in accordance with the Water Plans <br /> approved by DEH and Utility, regardless of this Water Utility System being installed all at one <br /> time or in phases. The purchase price paid by Utility for the Assets serving approximately 25 <br /> residential lots shall be $500 per service or per SFRE. Said purchase price payment shall be <br /> payable quarterly based on the number of ineters installed during the previous quarter. <br /> Payments shall be made on or about each January 15, April 15, July 15, and October 15. The <br /> build out purchase price payment of$12,500 ($500 x 25 SFRE) by Utility for the Water Utility <br /> System to serve 25 lots, set forth above, shall constitute full and complete payment for the <br /> Assets. Prior to the first purchase price payment being made by Utility to Developer, <br /> Developer shall execute and deliver to Utility the Internal Revenue Service Form W-9. The <br /> purchase price agreed upon in this Section 6 above, represents a portion of the Developer's <br /> investment in the Water Utility System infrastructure sold or conveyed to Utility under this <br /> Agreement. <br /> 7. Written Certification of Costs. Developer before the Closing, shall deliver to Utility a <br /> written certification of the Developer's actual cost in the Water Utility System showing the cost <br /> of the entire Water Utility System including production, treatment, storage, distribution <br /> facilities, and engineering fees for the water system, which shall have a breakdown between <br /> the various components showing the vendors and appropriate amounts. Said Written <br /> Certification of Costs Form is attached hereto as EXHIBIT 7. <br /> 8. Recorded Subdivision Plats. Developer, at Developer's cost, upon recordation, shall <br /> provide Utility with a recorded plat showing each lot being served by the Water Utility System. <br /> Said recorded plat shall include utility and access easements in favor of Utility for ingress, <br /> 7 <br /> Dunhill Water Utility System <br /> Dunhill Agreement 061212.doc <br />