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WHEREAS, there are certain matters related to the ownership, <br /> design, construction and operation of the Subdivision wastewater <br /> system and related to the State Grant not addressed in the <br /> agreements itemized above but which are essential to the <br /> undertaking by the parties of the Subdivision wastewater system <br /> project contemplated herein. <br /> NOW, THEREFORE, the parties have agreed for themselves and for <br /> their successors and assigns: <br /> 1 . The ASSOCIATION covenants that it has authority to enter <br /> into this Agreement for itself and for the owners of lots 1-13 and <br /> 15-59 in the Subdivision, their grantees, successors and assigns . <br /> As used in this agreement hereafter, the -Leila "ASSOCIATION" refers <br /> to the Piney Mountain Homeowners Association and the owners of lots <br /> 1-13 and 15-59 in the Subdivision. <br /> 2 . The ASSOCIATION covenants that it will pay to the COUNTY <br /> and to OWASA: ( 1) all costs and expenses, including the value of <br /> administrative and professional time expended by each, in the <br /> application for, administration of and the closeout of the State <br /> Grant; and, (2) all costs and expenses not covered by ( 1) expended <br /> by each in the design, bidding and contract award, construction, <br /> regulatory approval and permitting of the Subdivision wastewater <br /> system. The costs and expenses described in ( 1) and (2 ) are <br /> hereafter referred to collectively and sometimes individually as <br /> "the project expense" or "project expenses . " In order to <br /> facilitate the covenant contained in this paragraph, the <br /> ASSOCIATION has deposited, or will upon demand by the COUNTY, <br /> 3 <br />