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CITY and PJC agree to perform services for the other, at cost. Such services shall <br />include any service which can be performed or any accommodation which can be <br />provided by each respective entity or any other service agreed upon by the parties. <br />2. The cost of any such services performed by one entity shall be offset by the other <br />entity providing services equaling a like sum. Each entity shall bill the other for <br />any excess amounts as agreed; furthermore, each party paying for the <br />performance of governmental functions or services shall make said payments <br />from current revenues available to the paying party. <br />This agreement shall continue in full force and effect for a period of five (5) <br />consecutive one (1) yearterms, commencing on September 1, 2002, and renewing <br />annually thereafter on September 1 of each year, ending on August 31, 2007. <br />4. CITY and PJC have the right to unilaterally terminate this agreement at any time. <br />In the event of unilateral termination of this agreement by either party hereto, <br />such amounts still owing shall be paid in full within thirty (30) days of <br />cancellation hereof. <br />EXECUTED on the dates shown in the acknowledgments below. <br />CITY OF PARIS <br />By: <br />Michael J. Pfiester, Mayor <br />ATTEST: <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />Larry W. Schenk, City Attorney <br />PARIS JUNIOR COLLEGE <br />By: <br />Bobby Walters, President <br />-2- <br />