Minutes 08/11/1959 - Laserfiche WebLink

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;4 AUGUST 11, 1959 TUESDAY Grantee used and useful in the production, sale and distribution of gas to the City and its inhabitants. Upon the exercise of this option by the City Council of the City by the service of an official notice upon the Grantee to that effect, and upon payment to the Grantee of the amount of the fair market value of the properties of the Grantee as determined in the manner provided by law for acquiring property under the right of eminent domain, the Grantee shall inunediately execute such deeds or instruments of convey- ance to the City as shall be required to convey to the City title to the property in fee simple, free from any and all liens and encumbrances. The Grantee shall thereupon deliver to the City full and complete possession of the property, together with all maps, plans, contracts and engineering, accounting, finance, statistical, consumer and service records relating exclusively to the property and the operations of the Grantee within the City . Subsection (b). No payment shall be made, at the exercise of this option, by reason of the value of the franchise itself. Subsection (c). It shall be understood that each contract entered into by the Grantee with reference to operations under this franchise and which may extend until the expiration of this franchise, shall be subject to the exercise of this option by the City and the City may be substituted far the Grantee as a party to any such contract any may succeed, at its option, to all the privileges and the obligations thereof. Section 11. Payment to Municipality. As compensation far the privilege granted hereunder to the Grantee for the use of the streets of the City, the Grantee shall pay to the City each year in lieu of any other permit charge, but in addition to the other obligations imposed under this franchise, an amount equal to Two Thousand Dollars ($2,000) in each of the first ten years of this franchise, Three Thousand Dollars ($3,000) in each of the eleventh to twentieth years (both inclusive) of this franchise, and Four Thousand Dollars ($4,000) in each of the twenty-first to the thirtieth years (both inclusive) of this franchise. Section 12. Safet~ethods and E~uipment. The Grantee shall at all times employ a high stan d of care an shall install and maintain in use approved methods and devices for preventing fires, explosions, and other failures or accidents which are likely to cause damages, injuries or niusances. Section D. Plat of Gas Pipes. The Grantee shall promptly after the award of this franchise, furnish the City with a complete and detailed map of its distribution system, and shall thereafter maintain in the office of the Grantee (open to the inspection of the City) a map showing all subse- quent additions and/or deletions to such distribution system. Section 14. Liability. Subsection (a). Damage Claims. By accepting this Ordimnce and franchise, the Grantee, its successors and assigns, hereby agree to indemnify and save harmless the City, as a municipal corporation, from all loss, cost and expense to 'which the City may be subjected far a:ny damage ar destruction that may be done to or suffered by anyone in person or property for which the City may be held to be liable by reason of any negligence on the part of the Grantee, its agents, servants ar employees, provided nothing herein shall be construed to relieve the City of negligence on the part of its agents, servants or employees.