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Blvd., between Eastern Avenue and Southern Nevada Power Company right-of-way taking direct service from 8” water main to be installed by Subdivider in Oakey Blvd. pursuant to said Agreement, said payment of refunds to be made for period of ten years following date of completion of said installation, or until Subdivider has been repaid agreed-upon sum of $28,257.00, whichever first occurs; 3 - Company to own said water mains; 4 - Subdivider to furnish Company necessary easements for said pipe lines to be laid in other than dedicated streets and alleys, together with Bill-of-Sale, Title Guarantee and Policy of Title Insurance; 5 - Subdivider to obtain and furnish Company a release from third parties who may participate in cost of installation of 8" water main in Oakey Blvd. and from owners of property immediately adjacent to Oakey Blvd. on north and south sides thereof, between Eastern Avenue and Southern Nevada Power Company right-of-way, releasing and relinquishing to Subdivider all right to refunds of revenue from customers of the Company immediately adjacent to Oakey Blvd., between the above described limits, and taking direct service from 8" water main to be constructed by Subdivider in Oakey Blvd.; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution was unanimously adopted; WHEREAS, Jo Ho Clark and Iris W. Clark, husband and wife, as tenants in common, collectively called "Second Party", propose to construct certain buildings and structures on North Main Street, Las Vegas, Nevada; and WHEREAS, said construction will encroach upon easement reserved by this Company for the construction, operation, maintenance and repair of a water main across and through property of said Second Party; and WHEREAS, said Second Party has requested this Company to relinquish a portion of said easement to permit construction of said buildings and structures; THEREFORE, BE IT RESOLVED, that the action of Vice President Reinhardt and Secretary in executing agreement f,NnL.Dc 2789, dated February 11, 1954, between LVL&WCo.,