HomeMy WebLinkAbout17- License Agreement - Bozeman Fiber - Use of City Conduit LICENSE AGREEMENT FOR THE USE OF CITY CONDUIT
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THE CITY OF BOZEMAN AND BOZEMAN FIBER
This LICENSE AGREEMENT FOR THE USE OF CITY CONDUIT (this "Agreement")
is made and entered into by and between the City of Bozeman, a self governing municipal
corporation organized and existing under its Charter and laws of the State of Montana with its
principal offices located at 121 North Rouse, Bozeman, MT 59771 (the "City") and Bozeman
Fiber, a Montana corporation with its principal offices located at 2000 Commerce Way,Bozeman,
MT 59715 ("Licensee"). The City and Licensee may hereinafter be referred to individually as a
"Party" or collectively as the "Parties."
RECITALS
A. The City owns certain underground conduit and duct facilities ("City Conduit"),
along with necessary handholes and manholes for access to such facilities, located within the
boundaries of the City and depicted on Exhibit A, attached hereto and incorporated herein by this
reference (the "City Conduit System").
B. The space in the City Conduit exceeds that needed by the City for its broadband
requirements.
C. The City adopted Resolution 4658 on January 11, 2016 establishing policies for
the licensing of City-owned broadband infrastructure.
D. The City desires to permit Licensee to install fiber optic cabling in the City
Conduit within the public rights-of-way, in consideration for the payment and other public benefit
described herein.
E. Licensee desires to use certain space in the City Conduit as described herein.
F. This agreement supersedes and replaces the License for Use of City Conduit
entered into by the Parties on June 20, 2016 as amended by Addendum 1.
AGREEMENT
In consideration of the mutual covenants, terms, conditions and obligations contained
herein, and intending to be legally bound hereby, the Parties hereby agree as follows:
1. Incorporation of Recitals. The above recitals are true and correct and are incorporated
herein by this reference as a part of this Agreement.
2. Definitions. As used in this Agreement, the following words and phrases shall have the
meaning given in this Section. When not inconsistent with context,words used in the present tense
include the future tense,words in the plural include the singular, and words in the singular include
the plural. The word "shall" is mandatory and "may" is permissive. Words not defined in this
i
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4. Term; Renewal. The term of this Agreement(the "Term") shall commence as of July 1,
2017 (the"Effective Date") and shall terminate at 11:59 p.m. on the day before the tenth
anniversary of the Effective Date ("Original Term"),unless earlier terminated by either Party in
accordance with the provisions herein. This Agreement may be renewed by mutual agreement of
the Parties. Licensee shall provide written notice of its intent to renew to City at least ninety(90)
days prior to the termination date of this Agreement. The License Fee for the renewal term shall
be based on an analysis of costs of construction, maintenance and operation of the City Conduit
System.
5. Initial License Fee; Fee Adjustment. Upon the execution of this Agreement, Licensee
shall pay to the City an annual payment equal to the amount shown as the Annual Rate for each
City Fiscal Year shown in Exhibit C. As the City Conduit system expands, the Licensee shall pay
to occupy the expanded conduit system at the price shown for each additional increment of 500
linear feet and this additional cost will be added to the Annual Rate for the given Fiscal Year as
described in Exhibit C. Assessments for expanded conduit footages will be collected in the City
Fiscal Year following any expansion of the conduit system.
6. Construction Standards,Inspection, Fiber Installation, Schedule; Testing and
Maintenance; Relocation; Repairs; Access by Licensee.
A. Design and Construction Standards. Licensee shall comply with all of the
construction,restoration,inspection,and maintenance procedures and requirements set forth in the
Code pertaining to the use of and work in the Public Rights-of-Way.
B. MDT Right-of-Way. Certain sections of City Conduit are located within Montana
Department of Transportation(MDT)right-of-way, including City Conduit along Main Street(N-
50), Rouse Avenue (P-86), North 7th Avenue (N-118), and Interstate I-90. Prior to working in
MDT right-of-way, Licensee will provide City with traffic control plans for approval by MDT.
Licensee will not proceed with such work until it receives confirmation of MDT approval from
City.
C. Inspection of City Conduit System. Prior to installing Licensee Fiber in the
Licensed Conduit, Licensee shall verify certain relevant information provided by the City to
Licensee concerning that portion of the City Conduit System licensed to Licensee, as set forth in
this Section. Licensee will document the condition of the Licensed Conduit in a format agreeable
to both Parties,and provide such documentation to the City. Such documentation shall include,for
each segment in the Licensed Conduit:
(1) the number and diameter of empty Licensed Conduits between the
endpoints;
(2) identification of any empty Licensed Conduit that is not continuous, is
obstructed, or are otherwise not usable;
(3) physical labeling of the identified damaged conduits at the endpoints, if
any;
(4) confirmation that the segment includes locate wire;
(5) GIS coordinates of all access points.
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If Licensee discovers damage to a segment of the City Conduit System or that there is no
empty conduit in that segment, it shall immediately notify the City of such damage or non-
existence.
Damaged conduit. In the case of damage, Licensee shall install the Licensee Fiber in
undamaged conduit,where possible. If no individual conduit is undamaged in a particular segment,
the Agreement shall be amended to delete that segment and the City shall return to Licensee,within
thirty (30) days of the City's verifying that there is no undamaged conduit in that segment, $1.00
for each linear foot of missing undamaged conduit. Alternately, at the City's sole discretion, it
may repair or replace, or request that Licensee repair or replace,the damaged conduit at the City's
sole cost and expense.
No empty conduit. In the case that Licensee discovers that there is no empty conduit in a
licensed segment,the Agreement shall be amended to delete that segment and the City shall return
to Licensee, within thirty (30) days of the City's verifying that there is no empty conduit in that
segment, $1.00 for each linear foot of missing empty conduit.
Licensee right to terminate. Licensee may, upon notice in writing to City, terminate this
Agreement upon City's verification there is no undamaged conduit or no empty conduit in a
licensed segment. The City will refund to Licensee any prepaid Licensee Fee within thirty (30)
days.
D. Installation and Availability of Fiber in City Conduit. Licensee shall install the
Licensee Fiber in the Licensed Conduit in accordance with industry standards. Licensee Fiber must
be installed in the Licensed Conduit within four (4) months of the Effective Date of this
Agreement. Licensee Fiber must be available to end users within eight(8)months of the Effective
Date of this Agreement.
E. Maintenance and Repair Responsibilities. The City shall be responsible for the
operation, maintenance and repair of the City Conduit System. Licensee shall be responsible for
the operation,maintenance and repair of the Licensed Fiber.
F. Relocation. In the event the City decides to relocate any segment of the Licensed
Conduit, the costs of such relocation shall be equitably apportioned among all then-current
licensees or lessees of that segment of the City Conduit System. In the event of any relocation the
City agrees to provide Licensee with sixty (60) days notice in writing, unless failure to relocate
poses a threat to health, safety or welfare of the public or individuals, as determined by the City,
in which case the City shall have the right to move the conduit and fiber without such notice or
with a lesser notice,at Licensee's expense,and Licensee shall reimburse the City within thirty(30)
days of its receipt of an invoice for the relocation.
G. Repair of Damages. Licensee agrees to promptly repair all damage caused by
Licensee or its contractors to (a)the City Conduit System, (b) any existing fiber optic cable owned
by the City, or (c) any other fiber optic cable owner located within the City Duct System. If such
damage poses a threat to the health, safety or welfare of the public or individuals, the City may
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cause repairs to be made at Licensee's expense and Licensee shall reimburse the City within thirty
days of its receipt of an invoice for the repairs.
H. Access by Licensee. Licensee is granted nonexclusive use of the handholes and
manholes necessary for access to Licensed Conduit, and shall have the right to physically access
the Licensed Conduit on reasonable terms and conditions for the purposes set forth herein.
Licensee shall notify the City before performing any such work. Any and all work with respect to
the Licensed Conduit shall be performed solely by Licensee or its contractors or subcontractors
7. Compliance with Laws. Licensee shall comply fully with all applicable state and federal
laws,regulations, and municipal ordinances,rules and regulations including,but not limited to, all
workers' compensation laws, all environmental laws including, but not limited to, the generation
and disposal of hazardous waste,the Occupational Safety and Health Act(OSHA),the safety rules,
codes,and provisions of the Montana Safety Act in Title 50, Chapter 71,MCA,all applicable City,
County, and State building and electrical codes, the Americans with Disabilities Act, and all
nondiscrimination, affirmative action, and utilization of minority and small business statutes and
regulations. Licensee shall provide all notices, and shall obtain all necessary permits, licenses
(including a City of Bozeman business license if applicable), and inspections from applicable
governmental authorities, and pay all fees and charges in connection therewith.
8. Notice. All notices required to be made under this Agreement shall be in writing and shall
be delivered by certified mail return receipt requested or by overnight delivery that is capable of
providing proof of delivery. Any such notice shall be deemed effective on the date of mailing. All
notices shall be addressed to the Parties as specified below:
If to City: City of Bozeman
PO Box 1230
Bozeman, MT 59771-1230
Attention: David Fine, Economic Development
With a copy to: Office of the City Attorney
PO Box 1230
Bozeman, MT 59771-1230
Attention: City Attorney
If to Licensee: Bozeman Fiber
2000 Commerce Way
Bozeman, MT 59715
Attention: President of the Board
9. Utility Notification Center and Line Location. Licensee shall register with, and
coordinate its activities with, the Montana Utility Notification Center and any successor
organization coordinating location of utility lines. Lessee will be responsible for all locates of the
City Conduit System occupied by Lessee. Lessee agrees to respond promptly and appropriately
to all line location requests from the public or from other utilities,whether or not such requests are
made through the Utility Notification Center. In any event, the City is not responsible for any
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damage to fiber assets in Licensed Conduit resulting from a failure by the Lessee to accurately
locate its fiber assets in the City Conduit.
10. Removal/Ownership of Facilities. Upon the termination for any reason or non-renewal of
this Agreement, Licensee shall either within ninety (90) days remove all facilities owned by
Licensee within the City Conduit System, at Licensee's sole cost and expense, or abandon the
facilities in place; provided however, that the City retains sole discretion to determine if facilities
must be removed. All facilities not removed ninety (90) days after termination or non-renewal of
this Agreement will be considered abandoned in place and shall become the property of the City.
11. Termination.
A. Material Breach. If either Party defaults in the performance of any material term of
this Agreement and does not substantially cure such default within thirty(30) days after receiving
written notice of such default, then the non-defaulting Party may terminate this Agreement by
providing ten(10) days prior written notice of termination to the defaulting Party.
B. Bankruptcy or Insolvency.
(1) Either Party may terminate this Agreement effective upon written notice
stating its intention to terminate in the event the other Party: (a)makes a general assignment
of all or substantially all of its assets for the benefit of its creditors; (b)applies for, consents
to, or acquiesces in the appointment of a receiver, trustee, custodian, or liquidator for its
business or all or substantially all of its assets; (c) files, or consents to or acquiesces in, a
petition seeking relief or reorganization under any bankruptcy or insolvency laws; or (d)
files a petition seeking relief or reorganization under any bankruptcy or insolvency laws is
filed against that other Party and is not dismissed within sixty (60) days after it was filed.
(2) It is the intention of both parties that in the event either Party becomes a
debtor in any bankruptcy proceeding, the lease is treated as an unexpired lease of personal
property under Section 365 of the Bankruptcy Code, 11 U.S.C. 365 (as may be amended),
and, accordingly, shall be subject to the provisions of subsections (d)(5), (e)(2), (f) and(g)
of said Section 365.
(3) If Licensee's rights under this Agreement are assigned pursuant to the
bankruptcy code, the assignee shall be deemed without further act to have assumed all of
the obligations of Licensee arising under this Agreement both before and after date of the
assignment.
(4) If requested by the City, an assignee shall execute an instrument confirming
such assumption.
(5) Any sums payable in connection with an assignment shall be paid to the
City, and shall not constitute property of Licensee or of the estate of Licensee within the
meaning of the Bankruptcy Code.
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12. Indemnification. Licensee shall indemnify, defend and hold harmless the City, its
directors, officers, employees, and agents and the heirs, executors, successors, and permitted
assigns of any of the foregoing(the "City Indemnitees") from and against all losses, claims,
obligations, demands, assessments, fines and penalties (whether civil or criminal), liabilities,
expenses and costs (including reasonable fees and disbursements of legal counsel and
accountants), bodily and other personal injuries, damage to tangible property, and other damages,
of any kind or nature, suffered or incurred by a City Indemnitee caused by: (1) any negligent or
intentional act or omission by Licensee or its representatives in the performance of Licensee's
obligations under this Agreement, or (2) any material breach in a representation, warranty,
covenant or obligation of Licensee contained in this Agreement.
13. Insurance Requirements.
A. Limits. Licensee agrees to procure and maintain in force during the terms of this
Agreement, at its own cost, the following minimum coverages:
(1) Workers' Compensation: Statutory
(2) Employer's Liability: $1,000,000 per occurrence; $2,000,000 annual
aggregate
(3) Commercial General Liability: $1,000,000 per occurrence; $2,000,000
annual aggregate
(4) Automobile Liability: $1,000,000 property damage/bodily injury;
$2,000,000 annual aggregate.
(5) Excess/Umbrella Liability: $2,000,000
The Commercial General Liability policy shall be on an Occurrence Form and
include the following coverages:
Premises Operations; Personal and Advertising Injury; Liability assumed under an
Insured Contract; Independent Contractors; and Broad Form Property Damage.
Coverage provided should be at least as broad as found in Insurance Services
Office (ISO) form CG0001.
The policy shall include Additional Insured-Owners, Lessees or Contractors
Endorsement for completed operations, ISCO CG 2037 form or equivalent.
B. Coverage. The insurance required by this Agreement shall provide coverage for
the indemnity obligations assumed by Licensee in Section 12. Insurance required by this
Agreement shall be primary coverage, unless otherwise specified, and shall specify that in the
event of payment for any loss under the coverage provided, the insurance company shall have no
right of recovery against the City or its insurers. All policies of insurance under this Agreement
shall be provided by a reputable insurance company or companies qualified to conduct business
in Montana. The City reserves the right, but shall not have the duty, to reject any insurer which it
finds to be unsatisfactory and insist that Licensee substitute another insurer that is reasonably
satisfactory to the City. Property and Liability Insurance Companies shall be licensed to do
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business in Montana and shall have an A.M. Best rating of not less than A- VI. This insurance
shall be maintained in full force and effect during the term of this Agreement and for the
additional periods set forth herein and shall protect Licensee, its agents, employees and
representatives, from claims for damages for personal injury and wrongful death and for
damages to property arising in any manner from negligent or wrongful acts or omissions of
Licensee, its agents, employees, and representatives in the performance of the Services covered
herein.
C. Additional Insureds. The Commercial General Liability and Automobile Liability
insurance policies shall include the City and its elected officials and employees as additional
insureds as their interests may appear. The additional insured endorsement should be at least as
broad as ISO form CG2010 for General Liability coverage and similar forms for Commercial
Auto and Umbrella Liability.
D. Notice of Cancellation. Each insurance policy required by the insurance
provisions of this Agreement shall provide the required coverage and shall not be suspended,
voided or canceled except after thirty(30) days prior written notice has been given to the City,
except when cancellation is for non-payment of premium, then ten(10) days prior notice may be
given. Such notice shall be sent directly to the City. If any insurance company refuses to provide
the required notices, Licensee or its insurance broker shall notify the City of any cancellation,
suspension, or non-renewal of any insurance policy within seven (7) days of receipt of insurers'
notification to that effect.
E. Certificates. Certificates showing that the Licensee is carrying the above-
described insurance, and the status of the additional insureds, shall be furnished to the City prior
to the execution of this Agreement by the City. Licensee, or Licensee's insurance broker, shall
notify the City of any cancellation or reduction in coverage or limits of any insurance within
seven(7) days of receipt of insurer's notification to that effect. Licensee shall forthwith obtain
and submit proof of substitute insurance in the event of expiration or cancellation of coverage.
14. Representations and Warranties. Each Party represents and warrants that:
A. It has full right and authority, including any requisite corporate authority, to
perform its respective obligations under this Agreement;
B. The execution of this Agreement will not violate its charter, articles of
incorporation, by-laws or any law, regulation or agreement by which it is bound or to which it is
subj ect;
C. No litigation or governmental proceeding is pending or threatened in writing which
might have a material adverse effect on this Agreement, the transaction contemplated by this
Agreement or the rights of the Parties hereunder.
15. Miscellaneous Provisions.
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A. Rules of Construction. The captions or headings in this Agreement are strictly for
convenience and shall not be considered in interpreting this Agreement or as amplifying or limiting
any of its content. Words in this Agreement which import the singular connotation shall be
interpreted as plural, and words which import the plural connotation shall be interpreted as
singular,as the identity of the Parties or objects referred to may require.Unless otherwise expressly
provided herein, any agreement, instrument or statute defined or referred to herein or in any
agreement or instrument that is referred to herein means such agreement, instrument or statute as
from time to time amended, modified or supplemented, including (in the case of agreements or
instruments) by waiver or consent and (in the case of statutes) by succession of comparable
successor statutes and references to all attachments thereto and instruments incorporated therein.
B. Joint Work Product. This Agreement is the joint work product of both Parties
hereto, accordingly, in the event of ambiguity no presumption shall be imposed against any Party
by reason of document preparation.
C. Scope of Agreement. If the scope of any provision of this Agreement is too broad
in any respect whatsoever to permit enforcement to its fullest extent, then such provision shall be
enforced to the maximum extent permitted by law, and the Parties consent to and agree that such
scope may be judicially modified accordingly and that the whole of such provision of this
Agreement shall not thereby fail,but that the scope of such provision shall be curtailed only to the
extent necessary to conform to law.
D. Time of Performance. Time is expressly made of the essence with respect to each
and every term and provision of this Agreement.
E. Force Ma_'e� ure. Neither Party shall be in default by reason of any failure or delay
in performance of this Agreement of its terms and conditions, or one or more of its obligations
hereunder, and such excused Party's performance of such obligation or obligations shall be
excused and extended for and during the period of any such delay if such failure arises out of
causes beyond the control of the non-performing Party including,but not restricted to, acts of God
or nature, including an earthquake, flood or tornado; acts of governmental authority, government
codes, ordinances, actions, laws, rules, regulations or restrictions; insurrections, war or civil
disorder; fires, floods, accidents; epidemics, quarantines; restrictions; strikes or other labor
disputes (other than such excused Party's employees); lack of or delay in transportation, freight
embargoes, inability to secure raw materials or transportation facilities; acts of omissions of other
entities or any and all other causes beyond such Party's reasonable control. Such Party shall notify
the other Party in writing of the existence of the event relied on and the cessation or termination
of said event of Force Majeure and such Party shall exercise commercially reasonable efforts to
minimize the time of any such delay. If an event of Force Majeure continues for more than ninety
(90)days, and if the non-affected Party cannot(i)resolve the matter within such time period or(ii)
provide the affected Party with an alternative solution to such matter within the same time period,
such alternative solution to be substantially similar in effect to the matter affected by the Force
Majeure,the affected Party has the right to terminate this Agreement.
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F. Amendment.No amendments, changes or modifications to this Agreement shall be
valid except if the same are in writing and signed by a duly authorized representative of each of
the Parties.
G. Assignment. This Agreement may not be assigned by Licensee without the prior
written consent of the City. This Agreement shall be binding upon and inure to the benefit of the
heirs, successors and assigns of the Parties.
H. Third Party Beneficiaries. This Agreement is entered into solely for the benefit of
the Parties and shall not confer any rights upon any person or entity not a party to this Agreement.
I. Waiver. The failure of either Party at any time to require performance by the other
Party of any provision of this Agreement shall not effect in any way the full right to require such
performance at any subsequent time; nor shall the waiver by either Party of a breach of any
provision of this Agreement be taken or held to be a waiver of the provision itself.
J. Attorneys' Fees and Costs. In the event it becomes necessary for either Party to
this Agreement to retain an attorney to enforce any of the terms or conditions of this Agreement,
then the prevailing Party shall be entitled to reasonable attorneys' fees and costs, including fees,
salary, and costs of in-house counsel to include the City Attorney.
K. Dispute Resolution.
a. Any claim, controversy, or dispute between the parties, their agents,
employees, or representatives shall be resolved first by negotiation between senior-level
personnel from each party duly authorized to execute settlement agreements. Upon mutual
agreement of the Parties, the Parties may invite an independent, disinterested mediator to
assist in the negotiated settlement discussions.
b. If the Parties are unable to resolve the dispute within thirty (30) days from
the date the dispute was first raised, then such dispute may only be resolved in a court of
competent jurisdiction in compliance with the Applicable Law provisions of this
Agreement.
L. Applicable Law;Venue. This Agreement shall be construed in accordance with the
Laws of the State of Montana. Any action or proceeding brought to interpret or enforce the
provisions of this Agreement shall be brought before the state or federal court situated in Gallatin
County, Montana and each Party consents to jurisdiction and venue before such courts.
M. Limitation on Liability. It is specifically understood and agreed that nothing
in this Agreement shall be construed as an express or implied waiver by the City of its
governmental immunity or of the implied acceptance by the City of liabilities arising as a
result of actions which lie in tort or could lie in tort in excess of the liabilities allowable
pursuant to MCA Sections 2-9-101, et seq.
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N. Nondiscrimination. Licensee agrees that all hiring by Licensee of persons
performing under this Agreement will be on the basis of merit and qualifications. Licensee will
have a policy to provide equal employment opportunity in accordance with all applicable state and
federal anti-discrimination laws, regulations, and contracts. Licensee will not refuse employment
to a person, bar a person from employment, or discriminate against a person in compensation or
in a term, condition, or privilege of employment because of race, color, religion, creed, political
ideas, sex, age, marital status, national origin, actual or perceived sexual orientation, gender
identity,physical or mental disability, except when the reasonable demands of the position require
an age, physical or mental disability, marital status or sex distinction. Licensee will require these
nondiscrimination terms of its subcontractors performing Licensee's obligations under this
Agreement.
O. Survival. Any and all provisions of this Agreement which, by their nature, would
reasonably be expected to be complied with or performed after the expiration or termination of
this Agreement, including the removal of equipment obligations set forth in Section 10 hereof,
shall survive and be enforceable after the expiration or termination of this Agreement.
P. Entire Agreement. This Agreement, including any Exhibits, contains the entire
agreement between the Parties and supersedes all prior and contemporaneous communications,
understandings and agreements with respect to the subject matter hereof, whether written or oral,
expressed or implied. No other agreement, statement, promise, or practice between the Parties
relating to the Agreement shall be binding upon the Parties.
Q. Counterparts. This Agreement may be executed in counterparts, each of which
when executed and delivered shall be an original,but all of which shall constitute one and the same
instrument. Facsimile signatures and scanned and entailed signatures shall be treated as originals.
[Signature page follows]
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IN WITNESS WDEREOF, and in order to bind themselves legally to the terms and
conditions of this Agreement,the duly authorized representatives of the Parties have executed
this Agreement as of the Effective Date.
BOZEMAN FIBER
By:
P
Y
William Procunier
Title: President
STATE OF MONTANA )
ss.
COUNTY OF GALLATIN )
The foregoing instrument was acknowledged before me, a notary public, thisX-4ay of
Ck—L bax-- , 2017,by William Procunier as President of Bozeman Fiber.
Witness my hand and official seal.
My commission expires:
;v\�,PKeayo ALIC�bNotary Public
NOTAR r the
SEAL; STATE OF MONTANA
Residing at Bozeman,Montana
z CITY OF BOZE
My Commission Expires
August 04,2019
I
By:
City Manager
` 130 ,
ATTEST: + O�• •��?
City Clerk �lL'• . , . .•10s'
TIN Co•�
APP OVED AS TO FORM:
CitORorney
Page 12
EXHIBIT A
City Conduit System
The City Conduit System consists of:
North 7th Avenue segment: 1213 8 linear feet, with one 7-way conduit.
Downtown segment: 3,655.6 linear feet with one 7-way conduit.
Montana Avenue segment: 10,073.5 linear feet with three 1.25-inch diameter conduits.
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Map of the City of Bozeman Conduit System
EXHIBIT B
Licensed Segments of City Conduit System
The City Conduit System consists of:
North 71h Avenue segment: 12138 linear feet, with one 7-way conduit.
Bozeman Fiber may occupy the blue duct within this segment of the City Conduit
system.
Downtown segment: 3,655.6 linear feet with one 7-way conduit.
Bozeman Fiber may occupy the blue duct within this segment of the City Conduit
system.
Bozeman Fiber may occupy the orange duct from Wilson School, west on Babcock,
north on 5th, to the alley between Main and Mendenhall.
Montana Avenue segment: 10,073.5 linear feet with three 1.25-inch diameter conduits.
Bozeman Fiber may occupy the second conduit within this segment of the City Conduit
system.
Bozeman Fiber may utilize City Conduit System vaults or maintenance holes for splicing and
splice enclosures.
EXHIBIT C
Pricing
Fiscal
Year
Starting Annual Rate for Additional
July 1, Linear Up to 26,000 Increments
2017 Foot Rate linear feet of 500 ft
2018 $0.75 $19,500.00 $375.00
2019 $0.79 $20,475.00 $393.75
2020 $0.83 $21,498.75 $413.44
2021 $0.87 $22,573.69 $434.11
2022 $0.91 $23,702.37 $455.81
2023 $0.96 $24,887.49 $478.61
2024 $1.01 $26,131.86 $502.54
2025 $1.06 $27,438.46 $527.66
2026 $1.11 $28,810.38 $554.05
2027 $1.16 $30,250.90 $581.75
TOTAL $245,268.90
Linear Foot Rate increases at a 5% rate compounded
annually.
Linear Feet at Signing: 25,868
Linear Feet of expansion will be assessed in the next fiscal year after construction