03271967 Regular Meeting - Laserfiche WebLink

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I I p ~ over, and across its streets, alleys and public grounds, such poles, wires, mains, pipes, apparatus and appliances as may be necessary and proper, all subject to the terms and conditions hereafter provided. City recognizes the right of Lower Colorado River Authority to erect, maintain, and operate electric transmission lines on, over and across the streets and alleys of the City. Section 3. That said poles, wires, mains, pipes and other apparatus and appliance s shall be erected, placed or laid in such place s and manner as will be consistent with what is necessary or convenient, and with public safety, and so as to least interfere with other public use s of said public streets, alleys and public grounds, and said streets shall not be unnecessarily obstructed and shall within a reasonable length of time be placed as nearly as practicable in as good condition and repair as before so obstructed at the expense of said Grantee; and the said Grantee shall hold the City harmless from any liabilities arising from any act, negligence, or omission of said Grantee. Section 4. Grantee, through its distribution lines, furnishes and will continue to furnish electric power and energy to City for use by the City in providing the inhabitants of City the following essential services: water supply, sewerage disposal, lighting of thoroughfares, and public parks, traffic signals; at the rates and under the conditions specified in Grantee's rate schedules then applicable thereto, subject to the following special condition: For each calendar year, beginning with the calendar year 1967, and continuing as long as this agreement is in full force and effect, Grantee's charges to the City for electric power and energy furnished to City by Grantee for the purposes set out above (based on Grantee's rate schedules then applicable) shall be subject to a discount equal to 2% of the gross revenues received by Grantee during the immediately preceding calendar year for electric power and energy furnished by Grantee to its electric customers for use within City's corporate limits (such does not include electric power and energy de- livered by Grantee within the City's corporate limits for use outside of said limits). Said discount shall be applied in the following manner: In each of the twelve (12) months of the calendar year in which the discount is to be applied Grantee's total monthly charges to City (based on Grantee's rate schedules then applicable thereto) for electric power and energy delivered to City by Grantee for the purposes as set out above during said month shall be subject to a discount equal to One- twelfth (1/12) of the annual discount allowable.