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<br />detailed rate studies, CAMPBELL's water rate shall be <br />adjusted by CITY using the same cost of service methodology <br />as described in Exhibit 1 of this contract. The adjustments <br />shall utilize the actual operating data for the twelve month <br />period ending September 30th of the prior year, adjusted for <br />known and measurable changes in cost data which may have <br />occurred since the last corresponding audited statement. <br />VIII. <br />Payment of Charges <br />8.1 Rates under Section 7 of this Agreement, for <br />CAMPBELL's water consumption, shall be billed by the CITY on <br />a monthly basis with such billing being rendered on or about <br />the same day each month. In the event CAMPBELL shall fail to <br />make any payment required by this Agreement within twenty-one <br />(21) days following the billing date, the CITY may suspend <br />water service authorized by the Agreement after providing <br />CAMPBELL five (5) working days written notice of its <br />intention to suspend service. It is agreed that this section <br />shall supersede Sections 34-29 and 34-30 of the Code of <br />Ordinances of the City of Paris, to the extent that they <br />concern water service, as well as any other Code of <br />Ordinances provisions with which it may conflict. <br /> <br />WATER PURCHASE CONTRACT - Page 9 <br />