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<br />Loop 286 S. W. and shall be of sufficient width to house both <br />gravity and force main. <br />3. CITY agrees to procure and furnish necessary easements <br />and to provide the construction inspection of the construction <br /> <br />project. CITY will pay $65,000 collected from CHISM INDEPENDENT <br /> <br /> <br />SCHOOL DISTRICT as a connection fee on or before construction <br /> <br />begins and will additionally pay 25% of the total construction <br /> <br />cost, less any costs expended in condemnation of any easements, <br /> <br /> <br />which 25,% is limited to a maximum of $50,000. CITY's 25% contri- <br /> <br /> <br />bution shall be payable on October 1, 1988, or upon final accep- <br /> <br /> <br />tance of the 0.5 MGD Lift Station, Force Main and Gravity Sewer <br /> <br /> <br />- Project, being the date ownership transfers from PIF to CITY, <br /> <br /> <br />whichever occurs later. <br /> <br />4. PIF'agrees to pay the balance of the total construction <br />project cost. <br /> <br />Executed this <br /> <br />day of March, 1988. <br /> <br />CITY OF PARIS <br /> <br />BY: <br />Billy Joe Burnett, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br />BARNEY BRAY, III <br /> <br />, <br />! <br /> <br />PARIS, TEXAS INDUSTRIAL FOUNDATION, <br />INC. <br /> <br />/ <br />