11 - Water Service Agreement with Paris Generation LP

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STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS COUNTY OF LAMAR § WATER SERVICE AGREEMENT This Water Service Agreement (this, "Agreement"), is made and entered into this day of , 2022, by and between the City of Paris, a home rule municipal corporation located in Lamar County, Texas ("CITY') and Paris Generation LP, a Texas Limited Partnership, with its principal place of business located at 301 Lake Crook Road, Lamar County, Texas ("PGEN"). CITY and PGEN may be referred to herein individually as a "Party" and collectively as the "Parties". WHEREAS, in June of 2016, the Parties entered into a Water Service Agreement whereby the CITY supplied water to PGEN under certain terms and conditions; and WHEREAS, said Water Services Agreement has expired and the Parties wish to enter into this new Agreement; and WHEREAS, CITY and PGEN agree that this Agreement is in the best interest of the Parties and concur that the terms, conditions and considerations stated herein are fair, just and reasonable and will mutually benefit the Parties and serve the public interest. NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 1. Definitions and Interretation Definitions. Capitalized terms used, but not otherwise defined, in this Agreement, unless the context indicates otherwise, shall have the meanings below: Agreement means this Agreement and any future amendments. Actual Day Demand: means the actual daily water used. Annual Demand Char e: means the fixed annual payment amount to be paid in twelve equal installments for each Rate Year.