§ A151-4. Hydrants.

A. 

Upon receipt of a certified copy of a resolution of the village requesting installation of hydrants after the effective date of this lease agreement and specifying the locations where the same are to be placed upon the mains of the village water system or any extensions thereof or other system, the Authority will at its own initial cost and expense, subject to reimbursement by the village as hereinafter provided, place and install the hydrants and hydrant connections.

B. 

Legal title to the hydrants and hydrant connections installed by the Authority at its own initial cost and expense shall be and remain in the Authority until reimbursement therefor has been made. The Authority will bill the village for hydrants and hydrant connections made within the village limits at the actual installed cost thereof to the Authority, and the village will reimburse the Authority in the amount billed therefor on or before the close of the village's fiscal year in which such bill was rendered, provided that such funds are available in the budget of such fiscal year. If the reimbursement by the village cannot be made within the said fiscal year, the village agrees to provide funds therefor in the budget for the following fiscal year and will reimburse the Authority for said unpaid bills within 90 days after the commencement of the village's fiscal year.

C. 

The Authority, during the term of this lease agreement, will make its books, records and accounts available for examination by the village with respect to the actual cost of any hydrants installed by the Authority and billed to the village.

D. 

Hydrants may be also installed at the request of the village upon the same terms and conditions as set forth in the customer rules of the Authority as they may be from time to time amended for the installation of hydrants, and any hydrants so installed shall be and remain the property of the Authority.

E. 

Hydrants may also be installed as a part of main extensions made under main extension agreements as provided for in the customer rules of the Authority.

F. 

Hydrants in existence at the date of this agreement and hydrants which are installed thereafter without cost to the Authority shall be maintained in service by the Authority at the same charge made for hydrants in use for a period in excess of 30 years in accordance with the customer rules of the Authority as they may from time to time be amended. Hydrants which are installed and maintained at the cost of the Authority will be charged for in accordance with the customer rules as they may be from time to time amended.