Minutes 05/10/1955 - Laserfiche WebLink

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358 TUES~Y MAY lOt 1955 expeme of The Thomas Estate according to plans and specifications delivered to Mr. Benj. F. Gravel1', President of The Thomas Estate on April 28, 1955. 111e Cit,y agrees 'to reimburse The Thomas Estate for f'ittY" percent (50%) of the' cost of one foot of trunk line constructed tor each lima! toot of street opened by' Thomas Estate in its.. subdivision henceforth and sernd by the trunk liDe. The City's obligation, however, shall be tull1' terminated and cease tive (5) y"ears atter date the trunk line construction is authorized, which is JIq 1, 1955, and in no event shall the CiV's share ot the cost of said trunk lihe exceed fiftY" percent C50%) of the tctal cost ot the trunk lime The City accepts Hackler-Seymour Metal Works, Imorporated as a responsible contractor, and agrees that the sum or 11,791.45 is acceptable as a price tor the cODStruction according to said speCifications, and the City' will make construction easements available along 'Church Street Extended tor approximately' 266 teet aDi across City pt"operty' for approxima:te:q 155 teet at no cost to The Thomas Estate. CiV agrees to give Engineering assistance in preparing plans and specif'iDatiom at no charge to '!'he Thomas Estate. CiiQr agrees to remburse 1homas Estate as indicated herein, and in accordance with Item 3. of a letter addressed to Mr. Benj. F. Gravely' by the City llanager ot Jlartinsville, under date of March 30, 1955, a cow ot which is made a part of the original ot this agreema nt and attached hereto as a part thereo.t. The C. Y. Thomas Estate, Incorporated hereby agrees to hold harmless the City in case ot axv action or damages due by virt..ue of the above mentioned comtruction easement across its property-. Thomas Estate also agrees that the Hackler-8eymour Metal Works, Incorporated will be insured so as to protect the City from artY action, damage or claim of an;y kind that mq arise by virtue or the construction across an;y property" ot the City ot Jlartinsville. This agreenent represents the tull contract between the parties am satisfies to the fullest extent all questions, righ't.c:! and unfulfilled obligations of any kind to '!he C. Y. Thomas Estate, Imorporated by virtue of the deed to the City by said Thomas Estate dated October 10, 1939. IN WITNESS WHEREOF, the Cit;u ot lIrartinsville, Virginia has caused its corporate name to be signed hereto by Kent Uathewson, its Cit;u Manager and it s corporate seal atf'i.xed and attested b.r W. Holladq Yeaman, its Clerk ot Council, and The C. Y. Thomas Estate, Incorporated has caused its name to be signed hereto by Benj. F. Gravely, its President, and its corporate seal affixed and attested bY' Harold Grave:q, its Secret8I7, all on the day" and year .first above written. ~ITY OF MARTDSVILIE, VmGINIA AT1!ST: By Kent Jl.athewson ,Ci"foT Ja:anager W. H. IEAJIA N Clerk otCouncil THE C. Y. THOMAS ESTATE, Dl:ORPORATED By Benj. F. Gravely President ATTEST: Harold Gravely ~ecretarj