R2008-232 AUTHORIZING THE EXECUTION OF AN AGREEMENT

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When painting is needed, all products and procedures will be equal to, or exceed the requirements of Illinois Environmental Protection Agency, the American Water Works Association, and the Society for Protective Coatings as to surface preparation and coating materials. 5. A lock will be installed on the roof hatch of the Tank. The company and the Owner will retain a key to the lock, and the Company agrees that it shall not release its key to any third party. 6. The Company will provide emergency services and graffiti removal, when needed, to perform all repairs covered under this Contract. Reasonable travel time must be allowed for the repair unit to reach the Tank site. 7. The Company will furnish pressure relief valves, if requested by the Owner, so that the Owner can install the valves in its water system while the Tank is being serviced. B. Chemical Clean Service. 1. Triennially, during washout-inspections, the Company will apply an NSF 60 approved chemical cleaning agent to the interior walls and floor surfaces of the Tank to treat mineral build-up and bio- film that form on the interior tank surfaces. 2. The Company will fresh water rinse the interior walls and floor surfaces to remove the cleaning agent and to dilute residual concentrations. The Company will also ensure that the rinse water is disposed of in on-site drainage in accordance with all applicable environmental rules, regulations and laws of the local, state or federal governments. 3. Thereafter,the Company will complete the washout-inspection as outlined in Article 1.A.2. Article 2. Definition of Contract Year. A "Contract Year" shall be defined as each consecutive 12-month period following the first day of the month in which the Contract is executed by the Owner and each subsequent 12-month period thereafter during the time the Contract is in effect. For example, if a contract was signed by Owner on April 17, 2007, Contract Year 1 for that contract would be April 1, 2007 to March 31, 2008, and Contract Year 2 for that contract would be April 1, 2008 to March 31, 2009 and so on. Article 3. Contract Price/Annual Fees. The Tank shall receive an interior and exterior renovation and repairs by the Company as detailed in Schedule A prior to the end of Contract Year 1. The first five(5) annual fees shall be $110,007.00 per Contract Year. The annual fee for Contract Year 6 and each subsequent annual fee shall be $38,584.00 per Contract Year; however, in Contract Year 9 and each third anniversary thereafter, the annual fee shall be adjusted to reflect the current cost of service. The adjustment of the annual fee shall be limited to a maximum of 5% per annum. All applicable taxes are the responsibility of the Owner and are in addition to the stated costs and fees in this Contract. The Company acknowledges that the Owner is a tax exempt entity. Article 4. Payment Terms. The annual fee for Contract Year 1, plus all applicable taxes, shall be due and payable upon completion of the interior renovation or exterior renovation,whichever occurs Crst. Each subsequent annual fee, plus all applicable taxes, shall be due and payable on the first day of each Contract Year; however, beginning in Contract Year 2, the annual fee can be paid either monthly, quarterly, semiannually, or annually. Owner shall circle the preferred billing frequency. If the Owner does not choose a preferred billing frequency, the Owner will be billed quarterly. (Note: Due to the length of time that it takes to perform the initial renovation project, it is possible that two (2) annual fees could fall within one budget year for the Owner). Furthermore, if the Owner elects to terminate this Contract prior to remitting the first �ve (5) annual fees, the unpaid balance of the first five (5) annual fees shall be due and payable within thirty (30) days of the termination, provided the company has completed all Schedule A work. Page 2 of 7 O 2007 Utility Service Co., lnc. Rev. 04/07