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\ $1700*00, work to be done to satisfaction of Las Vegas Land and Water Company; National Engineering to indemnify Land Company; work to be completed within forty“five days of date of agreement, be and the same is hereby ratified, approved and confirmedo On motion duly seconded, it was RESOLVED, that the action of President Bailey and Assistant Secretary How in executing agreement bearing C.L0D. No* 15510, entered into June 28, 1966 between Las Vegas Land and Watist Company and The Ted R. Cooper Co*, lnc0, a California corporation, covering the preparation of plans and specifica­tions and to construct in City of Industry, California a single story concrete tilt-up warehouse and office building, containing a floor area of approximately 300,000 square feet, and to furnish all material, labor and other things requisite and necessary therefor, consideration to be actual net cost plus ten per cent (10%), but not to exceed $1,428,604*00; work to commence July 1, 1966 and be completed no later than January 31, 1967; contractor to furnish bond in the sum of $1,500,000*00; work to be under supervision of contractor to satisfaction of Land Company Engineer; payments to be made during progress of the work, less a reserve fund of ten per cent (10%), such reserve fund to be paid upon completion and acceptance; contractor to -4-