There is hereby granted to Linn County Rural Electric Cooperative Association, hereinafter referred to as the “Cooperative,” its electrical energy suppliers as necessary to provide the Cooperative distribution at 25,000 Volts or less, its successors and assigns, the right and franchise to construct, reconstruct, repair, maintain and operate in the City of North Liberty, Johnson County, Iowa, systems for the distribution of electric power, and the right to construct, reconstruct, repair, maintain and operate the necessary poles, lines, wires, conduits and other appurtances for the distribution of electric power and energy along, under and upon the streets, avenues, alleys and public ways in the City of North Liberty, Johnson County, Iowa; also the right to erect and maintain upon the streets, avenues, alleys and public ways, distribution lines through the City of North Liberty, Johnson County, Iowa, to supply individuals, corporations, communities and municipalities both inside and outside of the City with electric light and power for the period of twenty-five (25) years, after which such period the franchise shall expire. However, the City of North Liberty shall retain the right to terminate this right and franchise effective at the end of the tenth (10
th
), fifteenth (15
th
), and twentieth (20
th
) year anniversary of the Anniversary Date as defined within. In order to exercise this right to terminate the right and franchise granted to the Cooperative, the City of North Liberty must give written notice to the Cooperative no later than six (6) months prior to expiration of the respective Anniversary Date. The Anniversary Date shall be the date this franchise is published following signature by the Mayor. †