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Burlington Northern Santa Fe (BNSF) 8/29/2016
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Burlington Northern Santa Fe (BNSF) 8/29/2016
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Last modified
9/26/2016 10:56:21 AM
Creation date
9/26/2016 10:55:59 AM
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Contracts
Contractor's Name
Burlington Northern Santa Fe (BNSF)
Approval Date
8/29/2016
Council Approval Date
8/24/2016
Department
Public Works
Department Project Manager
Heather Griffin
Subject / Project Title
Grand Avenue Overpass
Tracking Number
0000281
Total Compensation
$70,000.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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hereunder shall continue in effect until the Premises are surrendered. <br /> Section 10 Liens. Grantee shall promptly pay and discharge any and all liens arising <br /> out of any construction, alterations or repairs done, suffered or permitted to be done by <br /> Grantee on the Premises or attributable to Taxes that are the responsibility of Grantee <br /> pursuant to Section 6. Grantor is hereby authorized to post any notices or take any <br /> other action upon or with respect to the Premises that is or may be permitted by Law to <br /> prevent the attachment of any such liens to any portion of the Premises; provided, <br /> however, that failure of Grantor to take any such action shall not relieve Grantee of any <br /> obligation or liability under this Section 10 or any other section of this Easement <br /> Agreement. <br /> Section 11 Tax Exchange. Grantor may assign its rights (but not its obligations) <br /> under this Easement Agreement to Goldfinch Exchange Company LLC, an exchange <br /> intermediary, in order for Grantor to effect an exchange under Section 1031 of the <br /> Internal Revenue Code. In such event, Grantor shall provide Grantee with a Notice of <br /> Assignment, attached as Exhibit C, and Grantee shall execute an acknowledgement of <br /> receipt of such notice. <br /> Section 12 Notices. Any notice required or permitted to be given hereunder by one <br /> party to the other shall be delivered in the manner set forth in the OVERPASS <br /> Agreement. Notices to Grantor under this Easement shall be delivered to the following <br /> address: BNSF Railway Company, Real Estate Department, 2500 Lou Menk Drive, Ft. <br /> Worth, TX 76131, Attn: Permits, or such other address as Grantor may from time to time <br /> direct by notice to Grantee. <br /> Section 13 Recordation. It is understood and agreed that this Easement Agreement <br /> shall not be in recordable form and shall not be placed on public record and any such <br /> recording shall be a breach of this Easement Agreement. Grantor and Grantee shall <br /> execute a Memorandum of Easement in the form attached hereto as Exhibit "B-1" (the <br /> "Memorandum of Easement") subject to changes required, if any, to conform such <br /> form to local recording requirements. [IF LEGAL DESCRIPTION IS NOT AVAILABLE <br /> USE THE FOLLOWING IN PLACE OF THE PRIOR SENTENCE: As of the Effective <br /> Date, a legal description of the Premises is not available. Grantee and Grantor shall <br /> work together in good faith to establish the legal description for the Premises. Once <br /> Grantor and Grantee have approved the legal description, Grantor and Grantee shall <br /> execute a Memorandum of Easement in the form attached hereto as Exhibit "B-1" (the <br /> "Memorandum of Easement").] The Memorandum of Easement shall be recorded in <br /> the real estate records in the county where the Premises are located. If a Memorandum <br /> of Easement is not executed by the parties and recorded as described above within <br /> days of the Effective Date, Grantor shall have the right to terminate this Easement <br /> Agreement upon notice to Grantee. <br /> Section 14 Miscellaneous. <br /> 14.1 All questions concerning the interpretation or application of provisions of <br /> 24 <br />
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