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CITY following receipt of written notice from the CITY as to the additional cost incurred, <br />said additional amount to be deposited with the CITY within ten (10) days of said notice. <br />Provided, however, the total cost of said painting shall not exceed the above estimated cost <br />plus twenty-five percent (25%). <br /> <br />The PEDC and the CITY agree that, by defraying the cost of the logo, the CITY shall not be <br />in any way obligated or required to replace said painted logo at such time in the future as it <br />becomes necessary, during the ordinary course of maintenance, to repaint the surface of said <br />tower; provided, however, that at such time as the surface of the tower is repainted, the <br />PEDC may have the opportunity and the CITY will entertain an offer by the PEDC at said <br />time to defray the cost of painting the same or similar logo on the tower at that time. <br /> <br />4. That this agreement shall be effective the date of the last execution signature hereto. <br /> <br />APPROVED by the City of Paris this 29th day of September, 2003. <br /> <br />Curtis Fendley, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br /> <br />this <br /> <br /> APPROVED by the Board of Directors of the Paris Economic Development Corporation <br />__ day of October, 2003. <br /> <br />Don Wall, President <br /> <br />ATTEST: <br /> <br />Richard Severson, Secretary/Treasurer <br /> <br /> <br />