Ordinance No. 19813 - Laserfiche WebLink

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cars stopping at crossings shall not obstruct the cross-streets of said City and longer than five minutes at any one time. Section fi. All the rights herein granting a franchise to the BURLINGTON NORTHERN RAILROAD COMPANY upon and over the streets and places described in Section 1 shall continue and be in full force and effect for ten CIO} years from and after the date of the final approval of this ordinance. Section 1. ~A11 franchises or rights herein granted are upon the condi- tion that BURLINGTON NORTHERN RAILROAD COMPANY, its successors or assigns, shall, within thirty X30} days from the time this ordinance is approved by the Mayar, or otherwise takes effect, file with the City Recorder a written acceptance of its provisions. Section 8. As compensation to the City for the rights and privileges granted by this ordinance, and in order to secure to the City adequate ser- vice, BURLINGTON NORTHERN RAILROAD COMPANY, its successors or assigns, shall pay to the City annually during the life of the franchise granted by this ordinance, a flat fee of six-hundred dollars ~$fio4} per year, payments to be made within one hundred 'eighty ~ I80} days after the close of each calendar year. A flat fee is used in this franchise because of the difficulty of calculating a franchise fee based on the gross income of the BURLINGTON NORTHERN RAILROAD COMPANY. Such compensation shall not be in lieu of or a credit against any ad valorem or business tax, special assessment, or permit or inspection fees required by the construction code, or other ordinances of the City. Section 9. The franchise granted by this ordinance is hereby declared to be subject to the provisions of Section 43 of the Eugene Charter of I91fi, providing that the price to be paid by the City upon the acquisition of any