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<br />established per acre value as determined by the procedure <br /> <br />outlined in Section 3.3, Indemnification, except that the <br /> <br />ratio in the Consumer Price Index for all Urban Consumers <br /> <br />U. S. City Average, shall be determined as of the date of <br /> <br />eltpiration of the primary term, or, offer to renew this <br /> <br />agreement for an additional ten (10) year term, or, both. <br /> <br />CITY will either accept Property Owner's offer or vacate <br />site. Property Owner shall provide notice of his offer to <br /> <br />CITY at least one hundred eighty (180) days prior to the <br /> <br /> <br />expiration of the primary term. CITY shall have 150 days <br /> <br /> <br />after receiving such notice to accept or reject said offer. <br /> <br />If CITY rejects Property Owner's offer this agreement shall <br /> <br />be automatically extended by two (2) years to provide CITY <br /> <br />time to develop alternate Sludge disposal arrangements. <br />During this automatic two (2) year extension both CITY and <br />Property Owner are bound to full performance of this <br /> <br />agreement. <br /> <br />CITY OF PARIS, PARIS TEXAS <br /> <br />By: <br /> <br />Billy Joe Burnett, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />~ 4~",/ <br /> <br />Loy arrow <br /> <br /> <br />k/~ <br />