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The remaining mileage in each original tire and retread shall be determined by multiplying the <br /> number of 32nds of an inch of available rubber remaining on each tire by the applicable fixed <br /> cost per 32nd shown on the following table: <br /> Fixed Cost Per 32nd '� <br /> TIRE SIZE ORIGINAL RETREAD <br /> COST/32nd COST/32nd <br /> 9R22.5 $18.24 $10.61 <br /> 275/70R22.5 $19.08 $10.61 <br /> 315/80R22.SCTR $14.86 $10.61 <br /> Example: Origina1275/70R22.5 tire is partly worn, with 10/32nds remaining. <br /> Cost= 10/32nds remaining X $19.08 per 32nd= $190.80. <br /> When a tire is not available for inspection to apply the above calculation(s), whether lost, stolen <br /> or otherwise missing, or destroyed by fire, or involved in an accident, reimbursement shall not be <br /> in excess of fifty percent (50%) of the current value of a similar tire, unless the City or the <br /> Contractor can provide an auditable accounting of the tire's accurate mileage just prior to the <br /> loss. <br /> The foregoing notwithstanding,the City may upon thirty (30) days written notice via certified <br /> mail prior to the expiration date of this Agreement elect to continue using ("run out") all the tires <br /> in the City's possession at the rates in effect during the six (6) months prior to termination until <br /> permanently removed from service, but in no event shall such period exceed thirty-six (36) <br /> months after the normal expiration date of this Agreement. During said run out period,the City <br /> shall to the extent practicable, continuously use such tires on its highest mileage runs until they <br /> are rendered permanently unfit for service. During said run out period, all terms and conditions <br /> of this Agreement shall continue in effect, provided, however,that the Contractor shall not be <br /> obligated to furnish any service to the City or to furnish replacement tires for those tires removed <br /> from service. At the end of said run out period, the City shall pay for the remaining tires at the <br /> price and in the manner set forth above, and shall acquire such tires as is, without warranty as to <br /> the condition or fitness for continued use of such tire. <br /> Decatur Public Transit System 14 Tire Lease Agreement <br />