Dittos of what HJ said.
I'll repeat "You will be much better off drilling your own well and if needed treating your water.". Whatever driller can't drill a well through a 5' cave or other type void... well, he ain't much of a driller. And 115' is not deep when it comes to wells.
Why do you think a well is not a reliable water source?
Your water company may be using wells, many do and multiple millions of homeowners and businesses do too. If they don't use wells, they use surface water.
The water company water may require the same type of individual treatment.
You will spend a lot less money drilling a well and installing a pump and pressure tank than running the correct size water line 5400' and paying their connection fee etc. etc.. That doesn't count their ever increasing monthly water bill, even if it were their minimum.
As to your idea of 2" or whatever size pipe for 5400'... Depending on the type of pipe, and any elevation, you may need 3-4" minimum and, you may not have adequate pressure at your house. The pressure (friction) loss of the pipe and fittings every 10' to 20' will rob serious psi from what the city water line has. And I seriously doubt they will increase pressure just for you.
So you want to add pressure regulators. They are used to reduce pressure not increase it. Just the addition of one will reduce pressure and.... when you get the price for a 3-4" PRV...
You may very well need a booster pump or 2 and they require you to run power cable to each, and control the pressure of each and then pay the electric to run one or more. Plus the cost of the pump(s) and all maintenance are at your expense.
When you get the price of maybe 2500' of maybe 00 power cable, and add up all the other costs, you very probably will change your mind and call a few well drillers.