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<br /> <br /> <br /> <br /> <br /> 4. DONOR shall pay for all costs related to the installation of said Clock on the <br /> Downtown Plaza, including, but not limited to all plans, permits, design fees, concrete, electrical, <br /> <br /> mechanical or other work necessary to install the Clock and make it operable. <br /> <br /> <br /> 5. After the Clock is installed and made operational, CITY agrees to pay for any <br /> recurring electrical service cost to keep the Clock running. CITY also agrees to maintain and <br /> <br /> service the Clock, as needed, following expiration of the warranty period. <br /> <br /> 6. This Agreement shall remain in full force and effect beginning with the date set out <br /> <br /> above and ending upon the expiration of the useful life of the Clock (such time that the Clock can <br /> <br /> no longer be repaired or maintained at a reasonable cost to CITY) or until such time as this <br /> <br /> Agreement is terminated by CITY upon ninety (90) days prior written notice to DONOR. <br /> <br /> 7. This Agreement shall be binding upon the Parties hereto, their heirs, executors and <br /> <br /> assigns. <br /> <br /> EXECUTED this day of January, 2011. <br /> <br /> <br /> DONOR <br /> <br /> <br /> By: <br /> Mrs. Louise Hagood <br /> <br /> <br /> CITY OF PARIS, TEXAS <br /> <br /> <br /> <br /> By: <br /> Will Biard, Mayor <br /> <br /> ATTEST: <br /> <br /> <br /> <br /> <br /> Janice Ellis, City Clerk <br /> <br /> <br /> 2 <br /> <br /> <br /> 49 <br />