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2000-344
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2000-344
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Last modified
8/16/2024 11:31:00 AM
Creation date
8/16/2024 11:30:57 AM
Metadata
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Template:
Official Documents
Official Document Type
Lease
Approved Date
11/14/2000
Control Number
2000-344
Agenda Item Number
11.H.2.
Entity Name
FEC Railway Company
Subject
Lease Agreements & Addition to Blanket Agreement
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Ell <br />Page 2 <br />Blanket File: 217-4-0 <br />Ma Sub File: 209-18 <br />October 19, 2000 <br />16. Commencing with the initial term of this Agreement, Licensee shall pay in advance unto Railway for each <br />year or fraction thereof, of the life of said crossing or other facilities, the applicable sums as listed on Schedule "A" <br />attached hereto and made a part hereof. The applicable license fees listed on Schedule "A" shall be increased each year <br />on the Anniversary date of the Agreement, commencing on the anniversary date of the year 9/26/01, if renewed <br />annually, by the product of the annual fee in effect for the proceeding year multiplied by one hundred percent (100%) <br />of the percentage increase in the Consumer Price Index (CPI), or 3% whichever is greater. The base CPI will be the <br />CPI for the month of the year preceding the effective anniversary date by ninety (90) days. The "CPI" shall mean the <br />Consumer Price Index (1967=100), issued by the Bureau of Labor Statistics of the U. S. Department of Labor. <br />All other terms and conditions of the Agreement will remain unchanged and in full force and effect. Kindly <br />acknowledge your acceptance of this amendment and additions to the Blanket Schedule "A", by endorsing and returning <br />one executed original to me. <br />Construction or installation on Railway's property cannot be commenced until a fully executed agreement has been <br />signed and received by the FEC Railway. <br />Inasmuch as these additional facilities constitute a change to the blanket agreement, please acknowledge your receipt <br />and acceptance by endorsing below and returning one copy of this letter to the undersigned. <br />Sincerely, <br />/� <br />A 4* <br />M. O. Bagley, Director <br />Industrial Development & Real Estate <br />MOB:bIb/bb <br />Enclosure <br />Amendment to Agreement. Acknowledged and Accepted: <br />This 14th day, of '.November 2000 <br />Fran. .E. Adams, Cha.lrman <br />Print Name "4 Title <br />
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