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<br />the point of termination of the existing 10 inch water main <br />on the East side of 24th S. E. Street to the existing 8 inch <br />water main on the South side of Jefferson Road (FM 1507). <br />PJC agrees to pay 527. of the cost of construction of the 12 <br />inch diameter water main from Polk Street to Jackson Street, <br />up to a maximum of $20,000.00. In addition to the cost of <br />construction of the 12 inch diameter water main, PJC will <br />pay the total construction cost of any fittings, valves, <br />extensions, or other appurtenances placed in or extended <br />from the 12 inch diameter water main for the purpose of <br />serving the PJC water system. PJC will grant easements <br />where necessary adjacent to 24th S.E. Street in the form of <br />Exhibit A attached hereto. <br />2. PJC will make payments to CITY as follows: <br />payments of 527. of draws relating to the 12 inch diameter <br />water main up to a maximum of $20,000.00 and 1007. of the <br />cost of draws relating to taps or extensions across 24th <br />S.E. Street solely for the benefit of the PJC system, which <br />amount is not included within the $20,000.00 maximum. <br />3. PISD agrees to pay 337. of the actual cost of the <br />construction of the 12 inch water main extension from Polk <br />Street to Sycamore Street and 1007. of the actual cost of the <br />construction of the 10 inch diameter water main extension <br />from the point of termination of the existing 10 inch water <br />main on the East side of 24th S. E. Street near the North <br /> <br />-2- <br />