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AMENDMENT TO CONTRACT FOR <br /> THE PURCHASE AND SALE OF WATER <br /> BETWEEN THE CITIES OF CHESAPEAKE <br /> AND PORTSMOUTH, VIRGINIA <br /> <br /> THIS AMENDMENT made this day of ., 1996, by and <br /> <br />between the Cities of Portsmouth, Virginia ("Portsmouth") and Chesapeake, Virginia <br />("Chesapeake"), both municipal corporations of the Commonwealth of Virginia, provides <br />as follows: <br /> <br /> RECITALS: <br /> <br /> A. Portsmouth and Chesapeake entered into a contract for the purchase and sale of <br />water having an effective date of January 1, 1990 ("the Prior Contract"). <br /> <br /> B. The parties desire to amend certain provisions of the Prior Contract, primarily <br />involving paragraph 8, to provide for the purchase and sale of additional volumes of water, <br />an extended contract period, and certain other related changes. <br /> <br /> WHEREFORE, for the mutual considerations recited herein, it is AGREED by the <br />parties as follows: <br /> <br /> AGREEMENT: <br /> <br /> 1. TERM; CERTAIN PRIOR PROVISIONS REAFFIRMED. This Amendment, <br />for the sale by Portsmouth to Chesapeake of surplus bulk water, shall extend the Prior <br /> <br />Contract from an effective date of __________________ 1996 until December 31, 2026, <br /> <br />as herein modified. All prior transfers of assets are hereby reaffirmed and re-ratified, and <br /> <br />any and all provisions of the Prior Contract not herein changed expressly or by necessary <br /> <br />implication shall remain in full force and effect. <br /> <br /> <br />