Ordinance No. 19801 - Laserfiche WebLink

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s notice shall indemnify and bald harmless the Grantee of and from any and all damages or claims of Whatsoever kind or nature caused directly or indirectly from such temporary change of the Grantee's communications facilities, and fey if required by Grantee, be accompanied by a cash deposit or a good and sufficient bond to pay any and all of the Grantee's estimated costs as estimated by Grantee. Section 7. Grantee shall at all times maintain all of its communications facilities in a good state of repair. Section 8. Grantee shall indemnify and save harmless the City of and from any and all damages of any kind or character growing out of or arising by reason of the maintenance of the Grantee's communications facilities in the City. Section 9. In consideration of the privileges and franchise granted, Grantee shall pay to the City prior to the effective date of this Ordinance the sum of $2,300.00. This sum represents the present value of 15 annual payments of $250, which represents adequate compensation to cover present value and anticipated future development. Because of Grantee's difficulty in calculating a franchise fee based on Grantees gross income, the alternative method of deriving adequate compensation from Grantee's income from the franchise is being used in this franchise. Section 10. The payment of the franchise fee shall not be credited toward the payment of property taxes or payments in lieu thereof, nor any sales or income tax adopted by the City, nor credited toward any permit fees requ,~red by the Eugene Code ~ 19 71. The lump sum payment shall not waive any right the City would have Ordinance -~ 3