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088 <br />• SECTION ONE <br />GRANT OF FRANCHISE <br />For and in consideration of the covenants and agreements of the <br />Grantees herein contained, and as stipulated in their application and related <br />documents, the payment of the annual application fee to the Grantor, Grantor <br />hereby gives and grants to Grantees a franchise and the right to develop, <br />operate, and maintain one landfill of less than two (2) acres in size for the land <br />disposal of land clearing waste and inert debris at a site on property located at <br />1879 Pickard Road and depicted on the map attached hereto, marked as Exhibit <br />"A" and by this reference made a part hereof. This grant is limited by and <br />conditioned on the further terms and conditions of this agreement and those of <br />the ordinance authorizing the franchise. <br />SECTION TWO <br />COMPLIANCE WITH LAWS <br />For and in consideration of the franchise granted by Grantor to Grantees, <br />Grantees expressly contracts, stipulates, and agrees that they are solely <br />responsible for the acquisition of the necessary equipment and facilities to <br />operate said LCID Landfill and at its own expense to maintain and operate said <br />• LCID Landfill in conformity with the application filed, the terms of this franchise <br />and the laws, ordinances, rules and regulations of the County of Lee and the <br />State of North Carolina which are applicable. <br />SECTION THREE <br />RATES <br />Grantees shall render reasonably acceptable service at a reasonable <br />price. It is further understood and stipulated that the Lee County Board of <br />Commissioners, in the case a controversy should arise as to the reasonable <br />acceptable service and price, reserves the right to determine this issue, but <br />under no circumstances shall the price be less than the prevailing price or the <br />average thereof for like services rendered in adjoining counties in the State of <br />North Carolina. <br />The initial rates approved by the Board of Commissioners are as follows: <br />LOAD <br />Pickup Truck <br />Single Axle <br />• Tri Axle <br />Quad or Trailer <br />NOT MORE THAN <br />$15.00 <br />$ 35.00 <br />$55.00 <br />$65.00 <br />