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8A, CP Rail Bridge Trail Update
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8A, CP Rail Bridge Trail Update
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10/24/2024 10:05:33 AM
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5/21/2010 10:54:10 AM
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CP Rail Bridge Trail Update
General - Type
CP Rail Bridge Trail Update
Date
5/24/2010
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4. PAYMENTS <br />4.1. Licer�se Fee. <br />�n cor�sideration o� the per�iss�ons he�ein granted, the ��censee sha�� witl� �ts executian hereaf <br />pay ta CP the surn of ane-Tho�sar�d $�OOO.OQ Doi�ars. <br />4.2. Ut�tities. <br />LE�ensee sha�f assurx�e and timel�r pay for any gas, efectr�cal, te�eph�ne, computer, sewer, <br />wat�r, storm water, waste or trash removal ar any other serv�ee or com�nadity Eonnected wi�h <br />�he Work, callectivefy "Utility Serviee." If any Ut�f�t�r Service fee is ir� comr�on with G�' or <br />other part�es, Licensee s�aCf be �iab�e �or its propor�ior�ate share af a�y sucf� Utifity Service Fee <br />and upon receipt of a bil� therefor, promptfy p�y CP ar s�ch othe� pa�ty for its s�are. lt shall <br />be a default in the terms o� this �ease �f it can be shown �hat Licensee has ��t made such <br />payments within 30 days if due to G�', ar �r�thin 64 days if �ayabfe to a�y otl�er party. <br />4.3. �techanics' And Materialmen's �iens: <br />tf any mechanics` or �naterialmen's I�en, ar simi�ar fien, is asserted aga'rnst �he Pro�erty, or any <br />ather property of CP, as a consequer�ce of the Work, L�censee sha�� imr�ecliately sa�isfy, <br />defend, or obtaEn the refease of such fien, alf a� �icer�see's expense, and Licensee sF�a�f <br />indemnify and defend CP a�ains� any Ctaims arising out of or connected with such �ien. <br />4.4. Additianat Charges. <br />Licensee shaf� within 3� days of receip� of a b��� therefar, pay to CP costs for �laggings t�aGk <br />changes or da�nage, or other such charges as may be provided by this Agreement or that CP <br />may reasonably impose in conr�ection �rvith Licensee's Work. <br />4.�. Due Dates; Pena[ties; ather Charges <br />4.3.1. Due Dates <br />Any item, submiss'ror� or payme�� required to be made shall be c�eemed �imefy made if <br />received by the other party on or before the spec'rfied due date, or �rior �a expiration of <br />the app�icab�e pe�iod for compiian�e, submissian or payment. <br />4.3.2� Late Fees <br />�� additian to any amounts payab�e by Licensee to CP, Licensee shal� pay CP a la�e fee <br />for any p�yment not time�y made by Licensee. The Iate fee shall be at the rate for <br />overdue accounts set by CP's Aceoun��r�g Department that is in ef�ect at the time that <br />t�at any such payment is due. Said late fee sha[I in�tialfy be an arr►aunt equal ta 1% of <br />the invo�ce amour�t �er mon�he <br />4.3.3� Fines & Service �ees <br />In addition to any other amour��s p�yab�e by �icensee to CP, Licensee shall pay CP for <br />any bank fi�es or service ir�curred �}r it in connection with ��e handling, nan-payment, <br />return or currency conversion incurred by CP in cannection w'rth processing of ar�y <br />payment mac�e by LEeensee to CP. <br />4.6o Work At No Cost To CP: <br />The Work completed by L�censee shali be performed at na cost to CP. <br />5o CONTACT� NOTICES, ETG. <br />5.1. Contact Persons; Communications: <br />Communications pursuant to th'rs Agreement shall be direc�ed to the con�act persans <br />designated in Sectian 1 or their des'rgnees. Either party may c�ange its contact person, or �he <br />Right of Entry-City of Arden Hills v 05.20 Page 3 of 13 Soo Line Ra'rfroad Company <br />�fd !-fwy. 10 Bridge City of Arden Htlls, MN, Lfcensee <br />
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