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COOPERATIVE AGREEMENT BETWEEN THE CITY OF PARIS <br />AND THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF LAMAR <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the City of Paris is in the process of constructing a major new water tower, the <br />same being located in west Paris at 2000 W. Kaufman Street, Paris, Texas; and, <br /> <br /> WHEREAS, as a result, the aforesaid water tower from its point of completion will be a <br />visual landmark to be seen and identified at great distances from the city of Paris; and, <br /> <br /> WHEREAS, the City is in the process of completing the construction of the aforesaid water <br />tower, including final external painting of same; and, <br /> <br /> WHEREAS, the City has been approached by the Paris Economic Development Corporation, <br />requesting the City to paint a specific logo or logos on the exterior of the tower, the cost of said <br />painting to be reimbursed by the Paris Economic Development Corporation; and, <br /> <br /> WHEREAS, the City has reviewed the request by the Paris Economic Development <br />Corporation and believes it would be in the best interests of the City to accommodate the request of <br />the Paris Economic Development Corporation, provided all costs of same are paid for by the Paris <br />Economic Development Corporation; NOW, THEREFORE, <br /> <br /> FORAND IN CONSIDERATION OF THESE PREMISES the CITY OF PARIS, PARIS, <br />TEXAS, hereinafter referred to as "CITY," with offices located at 135 1 st Street S.E., Paris, Texas, <br />and the PARIS ECONOMIC DEVELOPMENT CORPORATION, hereinafter referred to as <br />"PEDC," with offices located at 1125 Bonham Street, Paris, Texas, covenant and agree as follows: <br /> <br />That the CITY will cause a descriptive logo, including a caricature and painting of the City <br />of Paris Eiffel Tower and other information as deemed appropriate by the PEDC, to be <br />painted on the new water tower, provided such painting is tastefully done and is a positive <br />enhancement to the water tower. <br /> <br />That the estimated cost of said painting is $7,000.00. From and after the execution of this <br />agreement, the PEDC will deposit said amount with the CITY to defray the cost of said <br />painting. Should there be any amount remaining following the painting of said logo on the <br />water tower, the CITY will reimburse said remainder to the PEDC within thirty (30) days <br />following completion of the project. Similarly, should there be an additional amount due the <br />CITY for completing said painting, the PEDC will deposit said additional amount with the <br /> <br />EXHIBIT A <br /> <br /> <br />