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Last modified
3/3/2016 11:50:41 AM
Creation date
3/3/2016 11:50:38 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/01/2016
Control Number
2016-030
Agenda Item Number
8.P.
Entity Name
City of Fellsmere
Subject
Term Sheet
Dark Fiber License Agreement
Fiber Optic cable
Area
Fellsmere City Hall Building and Welcome Center
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5.2 License Fee — Base Amount. Subject to the CPI Adjustment set forth in Section <br /> 5.5, below, the License Fee for the Dark Fiber licensed by LICENSEE, as shown on the <br /> Route Diagram in Exhibit "A", shall be $640.00 per month. After the first (1St) year of the <br /> Initial Term, the License Fee shall be adjusted annually as set forth in Section 5.5, below. <br /> LICENSEE shall pay the License Fee in monthly installments, in advance, on or before <br /> the last Day of the month preceding the month to which the License Fee installment <br /> applies (e.g., May's installment shall be due on or before April 30th). The first installment <br /> shall be due on the Fiber Acceptance Date. IRC shall notify LICENSEE of adjustments <br /> to the installment amount. Payments for partial months shall be prorated. Payments not <br /> made in full when due shall be deemed delinquent. The License Fee shall not be reduced <br /> due to a term's early termination, except as provided for in Article 3, above. <br /> 5.3 License Fee Must Be Paid Even If LICENSEE Disagrees With Calculation. If <br /> LICENSEE fails to pay the License Fee installment when due, IRC shall notify LICENSEE <br /> that LICENSEE has failed to pay the installment. If LICENSEE does not pay the past due <br /> installment within thirty (30) Days of the License Fee's due date as set forth in Section <br /> 5.2 above, IRC may immediately terminate this Agreement, disconnect affected fibers, <br /> and all amounts due for the remaining portion of the Term of this Agreement shall <br /> immediately become payable to IRC as fixed, agreed and liquidated damages, and not <br /> as a penalty or a forfeiture. <br /> 5.4 Administrative Charge For Late Payments. An administrative Charge of Fifty <br /> Dollars ($50.00) or such higher Charge as may be established by IRC by Law shall be <br /> due and payable by LICENSEE for the cost of processing and handling LICENSEE's <br /> failure to pay the License Fees in accordance with the Provisions of Section 5.2, above. <br /> 5.5 CPI Adjustment. The License Fee shall be subject to an annual adjustment in <br /> accordance with the percentage change in the index known at the time this Agreement is <br /> executed as The Consumer Price Index for All Urban Consumers for the United States <br /> (hereinafter the "Index"), published by the United States Department of Labor, Bureau of <br /> Labor Statistics, which is published most immediately preceding the date on which the <br /> Extension Term commences. This adjustment shall be referred to as the "CPI <br /> Adjustment." If the Index is discontinued or revised during the Term of this Agreement, <br /> such other United States government index or computation with which it is replaced shall <br /> be used in order to obtain substantially the same result as would be obtained if the Index <br /> has not been discontinued or revised. The CPI Adjustment shall not exceed five percent <br /> (5%). In no event shall the License Fee be less than the License Fee for the previous <br /> year. <br /> 5.6 Taxes, Franchise Fees. LICENSEE will pay, when they become due, any and all <br /> Taxes - if applicable, assessments, and governmental Charges of any kind whatsoever <br /> lawfully levied or assessed and attributable to LICENSEE's use of the <br /> Telecommunications Infrastructure or any portion of them. In addition, LICENSEE shall <br /> pay, or as appropriate, reimburse IRC, without apportionment, any ad valorem Taxes, <br /> fees, assessments or other Charges which are assessed against IRC that arise from <br /> LICENSEE's use of the Telecommunications Infrastructure or any portion of it. <br /> 10 <br />
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