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<br /> HOW, TBERlrORl, 1n con.i~eration of the pre.i.e. <br /> afore.aid, and the initial covenant., prom i.e. and agreement. <br /> herein .et out, the partie. hereto do hereby agree and contract <br /> a~ followsl <br /> ARTICLE 1 <br /> TERM <br /> 1.1 Thi. Agreement, in accor~ance with the te~. <br /> hereinafter .et forth, will become effective on September 1, <br /> 1986 and shall have an initial term of five (5) year. and will <br /> remain in effect thereafter on a year-to-year basi.4nle.s <br /> terminated by either party by giving written notice to the <br /> other party at least twelve (12) months prior to the expiration <br /> of the initial five (5) year ter~ or any succeeding term. <br /> 1.2 For the purposes of this Agreement, the CONTRACT <br /> YEAR shall be the fiscal year of the CITY. The first CONTRACT <br /> YEAR will end September 30, 1987. <br /> ARTICLE 2 <br /> OPERATING AGENT <br /> 2.1 CITY hereby employs and designates LCRA as its <br /> Operating Agent to operate, maintain, replace and extend on the <br /> term. hereinafter .et forth, all of the distribution and <br /> transmi.sion facilities purchased from LCRA or which may <br /> -3- <br />