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HomeMy WebLinkAbout84-0423 Bluff City Tower Corp g14- o a3 t LICENSE AGREEMENT DATED April 23, 1984, between the Bluff City Tower Corporation (Licensor) , and the City of Elgin, a municipal corporation, Kane and Cook Counties, Illinois, 150 Dexter Court, Elgin, Illinois 60120 (Licensee) . For and in consideration of One Dollar ($1.00) and other valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 1. Licensor hereby grants Licensee a non-exclusive license to install and maintain a radio antenna on the tower at 1010 Bluff City Boulevard, Elgin, Illinois, for the period commencing on the date hereof and expiring upon termination by either party. 2. Licensee shall cause its antenna to be installed in a safe and workmanlike manner and shall take all necessary precautions to assure the safety of its City personnel, independent contractors or any other persons who may be involved in such installation work. 3. Indemnification by Licensee. Licensee agrees to defend, indemnify and save, hold and keep Licensor and its officers, agents and employees harmless from any loss, cost, expense or liability whatsoever on or for, or in connection with the defense or investigation of, any and all claims for damages suffered or sustained by any person or entity or for injury to or death of any person or persons arising or asserted to have arisen as a result of or incident to or by reason of Licensee's installation and maintenance of the radio antenna. 4. Insurance by Licensee. Licensee shall procure and maintain policies of insurance with an insurance company or companies, having at least an AS rating in the Best Insurance Guide, at its own cost and expense, which policies shall name Licensor as an additional insured and shall provide the following insurance coverage: a) Comprehensive general liability insurance in an amount not less than One Million Dollars ($1,000,000.00) combined single unit in excess of self-insured retentions and ($50,000/occurrence and $125,000 aggregate) for injury to or death of one or more persons and for damage to property in any one occurrence, against any liability arising out of, or in connection with, the Licensee's installation and maintenance of the radio antenna. b) Umbrella liability insurance in an amount not less than Five Million Dollars ($5,000,000.00) in excess of the comprehensive general liability insurance listed above. ' 5. Termination. Either party may terminate this license upon six months written notice to the other party at the addresses first herein set forth by certified or registered mail. Upon such termination, Licensee shall cause its radio antenna to be removed from the tower at 1010 Bluff City Boulevard, Elgin, Illinois, in a safe and workmanlike manner and shall take all necessary precautions to assure the safety of its City personnel, independent contractors or any other persons who may be involved in the work. BLUFF LIrt TOWER CORPORATION By c r Tucker, rest ent Attest: CITY F ELG�N, a7itco oration J Attest: By -2-