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reciprocally with regard to such water and sewer connectiens, <br /> development, construction and maintenance; <br /> <br /> NOW, THEREFORE, in consideration of the premises and the <br /> mutual covenants and agreements kere~nafter made, KANNAP©LIS and <br /> CABARRUS agree as follows: <br /> <br /> 1. Purpcse. The purpose of this Agreement is to establish <br />a basis for reciprocal cooperation between KANNAPOLIS and <br />CABARRUS with regard to connections to, development of, and <br />construction and maintenance cf the water and sewer systems of <br />the other. <br /> <br /> 2. Duration of A~reement. The duration of this Agreement <br />is forty (40) years, which term shall be autcmatical!y renewed <br />for successiue periods of twenty (20) years each, unless amended <br />or terminated as to executory matters in the manner set forth in <br />Paragraph 14 of this Agreement. <br /> <br /> 3. Authority to Connect. CABARRUS grants to KAk~APCLiS and <br />KAA~APOLIS grants to CABARRUS the absolute right and privilege to <br />connect to its respective water or sewer system upon such terms <br />and under such conditions as hereinafter set forth. <br /> <br /> 4. Construction Plans and Specifications. ~rior to <br />requesting a connection to the other party's water or sewer <br />system, the party seeking connection for a proposed water er <br />sewer line (a "~roposed Line") to an existing water or sewer l~ne <br />(an "Existing Line") in the other party's system shall submit to <br /> <br /> <br />