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2008-362A
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2008-362A
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Last modified
4/18/2016 1:19:25 PM
Creation date
10/1/2015 1:05:32 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/04/2008
Control Number
2008-362A
Agenda Item Number
13.D
Entity Name
Global Tower Assets. LLC
Subject
License Agreement Communication Tower
Area
Hobart Park
Supplemental fields
SmeadsoftID
8057
Document Relationships
2017-197
(Cover Page)
Path:
\Official Documents\2010's\2017
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GTP Site ID: FL-5586 <br /> GTP Site Name: Vero Beach <br /> 13 . INSURANCE. <br /> (a) Global Tower shall insure against property damage and bodily injury arising by reason of <br /> occurrences on or about the Premises in the amount of not less than $ 1 , 000, 000 . The insurance coverage <br /> provided for herein may be maintained pursuant to master policies of insurance covering other tower locations <br /> of Global Tower and its corporate affiliates . All insurance policies required to be maintained by Global Tower <br /> hereunder shall be with responsible insurance companies, authorized to do business in the state where the <br /> Premises are located if required by law, and shall provide for cancellation only upon 10 days ' prior written <br /> notice to County. Global Tower shall evidence such insurance coverage by delivering to County, if requested, a <br /> copy of all such policies or, at Global Tower' s option, certificates in lieu thereof issued by the insurance <br /> companies underwriting such risks . <br /> (b) County is self insured and warrants it carries sufficient general property fire, hazard and casualty <br /> insurance appropriate for County' s improvements on County' s Property, and in such amounts to cause the <br /> replacement/restoration of the Property (excluding Global Tower' s improvements and personal property) in the <br /> event of casualty. However, County is under no duty to insure or protect any other entities equipment or <br /> improvements damaged by storm, hurricane, lightning, flood or other weather events and acts of God. <br /> 14 . INTERFERENCE. During the term of this License, County, its successors and assigns, will not grant any <br /> ground lease, license, or easement with respect to any property adjacent to the Premises : (a) for any of the uses <br /> contemplated in paragraph 5 herein; or (b) if such License, license, or easement would detrimentally impact <br /> Global Tower' s communications facilities, or the use thereof. County shall not cause or permit the construction <br /> of radio or communications towers on the Premises or on any other property of County adjacent or contiguous <br /> to or in the immediate vicinity of the Premises, except for towers constructed by Global Tower or towers and <br /> antennae constructed by the County or its agents for communicating with County employees for County <br /> business . County shall follow all applicable state and federal codes during the permitting and construction of <br /> any tower or antennae. <br /> 15. RIGHT OF FIRST REFUSAL . If during the term of this License, as might be renewed or extended the <br /> County shall have received a bona fide arm ' s length offer to purchase the Premises from any third party (the <br /> "Transferee") , the County shall serve a notice (the "Transfer Notice") upon Global Tower. The Transfer Notice <br /> shall set forth the exact terms of the offer so received, together with a copy of such offer, and shall state <br /> the <br /> desire of the County to sell the Premises on such terms and conditions. Thereafter, the Global Tower shall have <br /> the right and option to purchase the Premises at the price and upon the terms and conditions specified in the <br /> offer (the "Offer") . If the Global Tower desires to exercise its option, it shall give notice (the "Counter Notice") <br /> to that effect to the County within thirty (30) days after receipt of the Transfer Notice. The closing of <br /> the <br /> purchase and sale of the Premises pursuant to this option shall occur at the time set forth in the Offer, provided <br /> that Global Tower shall not be required to close before the 15th day following the date of the Counter Notice. <br /> The Global Tower' s failure to give a timely Counter Notice (or its notice of refusal to purchase) shall <br /> be <br /> deemed a waiver of its rights to exercise its right of first refusal to accept the Offer but shall not be deemed <br /> a <br /> waiver of its right of first refusal with respect to any modification to the Offer or any future Offers . <br /> 16. SECURITY. The parties recognize and agree that Global Tower shall have the right to safeguard and <br /> protect its improvements located upon or within the Premises . Consequently, Global Tower may elect, at its <br /> expense, to construct such enclosures and/or fences as Global Tower reasonably determines to be necessary to <br /> secure its improvements, including the tower(s), building(s), guy anchors, and related improvements situated <br /> upon the Premises subject to prior approval and permitting by the County, . Global Tower may also <br /> undertake any other appropriate means to restrict access to its communications towers, buildings, guy anchors, <br /> guy wires, and related improvements subject to prior approval and permitting by the County, . <br /> 7 <br />
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