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Equipment solely to collect, recycle and/or dispose of Solid Waste <br /> generated within the CITY for which it is responsible pursuant to <br /> this Agreement. <br /> (e) OPTION TO PURCHASE: At such time as the C.O.P. s used to <br /> finance the Licensed Equipment are paid in full or otherwise <br /> satisfied or demised, the CONTRACTOR shall have a ninety (90) day <br /> option during which it may purchase the Licensed Equipment from the <br /> CITY for the then fair market value thereof. Exercise of this <br /> option shall be made by written notice from the CONTRACTOR to the <br /> Executive Director. CITY and CONTRACTOR shall, within thirty (30) <br /> days after such exercise, each select a licensed appraiser in the <br /> field to determine said fair market value. The appraisers shall <br /> submit their appraisals to both parties within thirty (30) days <br /> after their selection, and the average between their appraised <br /> values shall be deemed to be the fair market value. If CONTRACTOR <br /> desires to purchase the Licensed Equipment, it must tender the full <br /> fair market value to the CITY within forty five (45) days after <br /> both appraisers have delivered their appraisals. If either <br /> appraiser fails to act within the terms of this option or if either <br /> party hereto fails to select an appraiser, the determination of the <br /> sole appraiser shall be binding. The CONTRACTOR shall bear the <br /> expense of both appraisers. The CITY agrees that if CONTRACTOR <br /> elects to exercise this option it will, after tender of the full <br /> purchase consideration, do all things proper and necessary to <br /> transfer full title, free and clear of all liens and encumbrances, <br /> to the Licensed Equipment to CONTRACTOR or its assignors. Should <br /> CONTRACTOR not exercise this option to purchase the Licensed <br /> Equipment then, at the termination of the license granted herein, <br /> CONTRACTOR shall surrender possession of the Licensed Equipment to <br /> CITY in good order and repair to the satisfaction of CITY, normal <br /> wear and tear excepted. <br /> 12 . COLLECTION POINTS AND REQUIREMENTS: <br /> (a) CONTRACTOR shall not be required to collect Solid Waste <br /> from any Curbside Service Unit unless the same is placed on the <br /> curb along a public or private street, or along an alley having <br /> street access at both ends, and is placed in Solid Waste collection <br /> and Recycling plastic carts provided to the Curbside Service Unit <br /> by CONTRACTOR and is prepared for collection in a manner prescribed <br /> by the CITY'S regulations covering the same. Under no <br /> circumstances shall CONTRACTOR be required to pick up and collect <br /> any material or matter which is not Solid Waste as defined in this <br /> Agreement, or to pick up and collect any Solid Waste from Curbside <br /> Service Units which does not comply with the following standards <br /> and limitations: <br /> (1) All Solid Waste shall be placed in the Solid Waste <br /> collection and Recycling plastic carts provided by CONTRACTOR to <br /> each Curbside Service Unit pursuant to the following: <br /> 11 <br />