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CON'ri)ACT .FOR WATER SERVICES REIA NVEEN MIE CITY OF WHITE BEAR. LAKE N D THE 07 QF GEM LAKE THIS CONTRACT. made artd entered -int6 this dad of is entered into by and betweeti the 'CITE' OF N HITE BEAR LAKE ("White Bear Lake"). a municipal corporation under the laws pf*the State orNminnesota. and the VTV OF GEM LAKE (".Gem * Lake"). a municir*11 Corporation under the laws of the. State or Minnesota. WITNESS ETH; WHEREAS.Ji is the i6te6ti6m dfthe:-parties that: White 13car Lake shall sell water to Gen, Lake: and Wl3EREAS= 1N-%Jte Bear Lake has (he oapac:ity Lo.provide Nvater to .Gem Lake: and IA HlrREAS. Whitt Bear Lake and Gcin Lake desire to. enter h%3- this relationship: an'd WHEREAS. this relati011SIAP %%ill reduce peivafC wells in tiie areas that are :served by this AL-recittent: NOW. THEREFORE: -be iv agreed. by and b m-ecn the parties: hereto: SECTION' I Period .of -Contract A) 47his-C'ontrac:i shall have an initial term of twentyAw 05) -ears° and shall remain in full force. and Offect. unless terminated earlier• pursuant to Section fl Of this contract. it is e,xpressl :un.de.r5toud that the contract nmay be extend& for an additional tens of years b�- -wimn agreement- of the ptirties� The dace of commencement. of this Contract shall be. on..the day that it is Gtially:approved by tile. White Rear Lake and Gem Lake City Councils. SECTION It Termination Aj .dither part= chaff ha►=e the right to .tennhiate .this Contract in the event etc other part � is in, substantial and. eontinuin default of this Contract. including nonpaymi nt car under payment of charges. The Lion -defaulting party shall give the. defaulting part), written notice, of .the default. The defaulting party \.hal.l have 90 days from receipt of such. notice to Cure the default: In the event tile. allegzd de.fauiting; party disputes whether there is a default. it shall have 90 days from rcc6ipt of the delault notic& to initiate. Final