1988-028-RES WHEREAS, Orange Street Texas and New extension of sewer current development of the area South of

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CONTRACT FOR PARTICIPATION IN THE CONSTRUCTION OF A WASTEWATER LIFT STATION, FORCE MAIN AND GRAVITY SEWER SOUTH OF THE SOUTH R.O.W. LINE OF LOOP 286 S.W. NEAR ITS INTERSECTION WITH BAKER BRANCH STATE OF TEXAS S KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR S THAT, the CITY OF PARIS, Paris, Texas, a municipal corpo- ration, acting by and through its Mayor, Billy Joe Burnett, duly / authorized, hereinafter called CITY; BARNEY BRAY III, a resident of Patis, Lamar County, Texas, hereinafter called BRAY, and PARIS, . TEXAS INDUSTRIAL FOUNDATION" INC., a non-profit corpo- ration acting by and through its President, J. D. MCLAUGHLIN, duly authorized hereinafter called PIF, do hereby contract and agree as follows: 1. PIF agrees to, as owner, manage to completion the financing and construction of a 0.5 MGD Waste Water Lift Station South of the South Right-Of-Way Line of Loop 286 S.W. near its intersection with Baker Branch and tributary gravity sewers from CHISUM INDEPENDENT SCHOOL DISTRICT's manhole shown on its construction plans for its high school complex, Southwest Industrial Park and CITY's 7th Street S.W. lift station and an 8" Force Main from the 0.5 MGD lift station to CITY's Woodard Lift Station, to be constructed in accordance with plans and specifications prepared by Hayter Engineering, Inc., to be approved by Earl Smith, City Engineer for CITY which upon final acceptance shall become a part of the City of Paris Wastewater System and shall be owned and maintained thereafter by CITY. 2. BRAY agrees to construct at his cost, without profit, , the above described lift station, force main and gravity sewer, under the ownership and management of PIF. BRAY will furnish the property upon which the lift station and the gravity sewer from