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r— <br />283 <br />established per acre value as determined by the procedure <br />outlined in Section 3.3, Indemnification, except that the <br />ratio in the Consumer Price Index for all Urban Consumers <br />U. S. City Average, shall be determined as of the date of <br />expiration of the primary term, or, offer to renew this <br />agreement- for an additional ten (10) year term, or, both. <br />CITY will either accept Property Owner "s offer or vacate <br />site. Property Owner shall provide notice of his offer to <br />CITY at least one hundred eighty (180) days prior to the <br />expiration of the primary term. CITY shall have 150 days <br />after receiving such notice to accept or reject said offer. <br />If CITY rejects Property Owner's offer this agreement shall <br />be automatically extended by two (2) years to provide CITY <br />time to develop alternate Sludge disposal arrangements. <br />During this automatic two (2) year extension both CITY and <br />Property Owner are bound to full performance of this <br />agreement. <br />CITY OF PARIS, PARIS TEXAS <br />ATTEST: <br />attie Cunningham, ity ei <br />Lo arrow <br />do <br />rr <br />STATE OF .TEXAS § <br />COUNTY OF LAMAR § <br />BEFORE ME, the undersigned authority, on this day <br />personally appeared Billy Joe Burnett, Mayor of the City of <br />Paris, known to me to be the person whose name is subscribed <br />to the foregoing instrument, and acknowledged to me that <br />-7- <br />