8/18/2016 1:51:05 PM
9/30/2015 7:16:38 PM
Official Document Type
Agenda Item Number
Capstar Radio Operating Co.
License Renewal Agreement Radio Tower
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1 . The License is hereby renewed for a period of twenty (20 ) years commencing <br /> effective October 28 , 2002 , in accordance with the terms set forth in the License , a copy of <br /> which is attached hereto as Exhibit A and incorporated herein , except as follows : <br /> a . The existing Paragraph 6 of the License is deleted in its entirety and replaced <br /> with the following : <br /> Licensee agrees to pay to Grantor, and Grantor agrees to <br /> accept as rental under this License , the amount of two <br /> thousand dollars ($2 , 000 . 00 ) per year, which amount shall <br /> increase , effective October 28 , 2003 for the period from <br /> October 28 , 2003 through and including December 31 , 2004 , <br /> and thereafter, each January 1 of each subsequent year of the <br /> term of this License by four per cent (4 % ) per year <br /> compounded . Effective January 1 , 2004 , the parties agree that <br /> the annual rental payment shall be due not later than January <br /> 31 of each succeeding year of the term of this Agreement . The <br /> parties acknowledge and agree that the sum of $2109 . 66 is the <br /> amount due and owing to the County under this Agreement for <br /> the time frame of October 28 , 2002 , through and including <br /> December 31 , 2003 . In addition , Licensee shall pay to the <br /> applicable taxing authority all taxes attributable to Licensee ' s <br /> use of the licensed property that may be levied by any taxing <br /> authority. <br /> b . The existing Paragraph 7 is deleted in its entirety and replaced with the <br /> following : <br /> Grantor reserves , and Licensee covenants and agrees to <br /> provide to Grantor, one antenna space on the radio tower, free <br /> of charge , to be utilized by Grantor at any time for the exclusive <br /> purpose of establishing and maintaining an emergency <br /> communications system . In addition , Grantor reserves , and <br /> Licensee covenants and agrees to provide to Grantor, a second <br /> antenna space on the radio tower, free of charge , for any other <br /> purpose in Grantor's sole discretion provided such second <br /> antenna will not exceed the design parameters of the structure . <br /> Licensee shall reserve these antenna spaces for Grantor during <br /> the term of this License and any and all renewals thereof <br /> unless this provision is expressly released or modified by <br /> Grantor in writing . Grantor agrees that it will operate any such <br /> antennae in a manner that will not cause interference to <br /> Licensee' s business operations . <br /> c. Add the following to the end of Paragraph 9 : <br /> The License granted hereby shall terminate upon Capstar' s <br /> cessation as an active Delaware corporation authorized to do <br /> 2 <br />
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