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2f- f) <br />Loop 286 S.W. and shall be of sufficient width to house both <br />gravity and force main. <br />3. CITY agrees to procure and furnish necessary easements <br />and to provide the construction inspection of the construction <br />project. CITY will pay $65,000 collected from CHISM INDEPENDENT <br />SCHOOL DISTRICT as a connection fee on or before construction <br />begins and will additionally pay 25% of the total construction <br />i <br />cost, less any 'costs expended in condemnation of any. easements, <br />which 25% is limited to a maximum of $50,000. CITY's 25% contri- <br />bution shall be payable on October 1, 1988, or upon final accep- <br />tance. of the 0.5 MGD Lift Station, Force Main and Gravity Sewer <br />Project, being the date ownership transfers -from PIF to -CITY, <br />whichever occurs later. <br />4. PIF agrees to pay the balance of the total construction <br />project cost. <br />Executed this , day of March, 1988. . <br />CITY OF P IS <br />Y; <br />BY: <br />B e Bfirnett, Mayor <br />.ATTEST i <br />at,unning am, City C er <br />APPROVED AS TO FORM: <br />p F • <br />aynes., ty Attorney <br />6F � <br />BARNEY BRAY, III <br />PARIS <br />� •� xF .: ;' ,. TEXAS INDUSTRIAL FOYJNDATION, <br />INC. <br />BY: <br />McLaughlin, res ent <br />PAF <br />