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<br />CONTRACT AGREEMENT <br /> <br />THIS AGREEMENT, made and entered this 8th day of May, 1989, by <br />and between INSITUFORM TEXARK, INC. , hereinafter called <br />.contractor. and the city of paris, Paris, Texas, acting by and <br />through its Mayor, Eric Clifford, hereinafter called .city.. <br /> <br />WITNESSETH THAT: <br /> <br />WHEREAS, the city of Paris acting under emergency powers granted <br />by the city council on the 8th day of May, 1989, solicited <br />proposals for the reconstruction or repair of the North <br />Interceptor approximately 2,607 feet from the manhole #18 <br />station 59 + 12.18 manhole #10 station 33 + 08.91. <br /> <br />WHEREAS, Contractor did offer a proposal for Insituform <br />reconstruction for 2,607 linear feet of 27. diameter sewer for a <br />total price of $359,766.00, and Earl Smith, city Engineer of the <br />City of paris, recommends the acceptance of said proposal; <br /> <br />NOW, THEREFORE, IT IS AGREED: <br /> <br />First: <br /> <br />Second: <br /> <br />Third: <br /> <br />Fourth: <br /> <br />Fifth: <br /> <br />That the Contractor shall comply with the requirements <br />of those certain specifications entitled <br />.specifications for Reconstruction Sewers by use of <br />Insituform.. <br /> <br />That Contractor will provide all labor, materials and <br />equipment for the reconstruction of a portion of the <br />27 inch diameter sewer main. <br /> <br />That City has the right to terminate this contract <br />after pre-Insituform inspection and rendering of <br />estimate of point repairs, if any, by the payment of <br />$25,000.00. <br /> <br />That Contractor agrees to have in full force and <br />effect throughout the term of this contract a policy <br />of insurance in the following amounts: <br /> <br />A. General Liability - $1,000,000.00 <br /> <br />B. Workers' compensation - Limits required by the <br />laws of the State of Texas. <br /> <br />That Contractor guarantees that the <br />workmanship furnished and performed <br />contract shall be guaranteed for one (1) <br />from the date of final acceptance of the <br /> <br />material <br />under <br />calendar <br />project. <br /> <br />and <br />this <br />year <br /> <br />EXHIBIT A <br />