3146 Ordinance - Laserfiche WebLink

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Or'd3name nothing herein ccmtained shall be .construed ss awaiver: or surrendtr of sueh powers ox° othex° rights conPerred by law on munieipal corporatioasso ?• S.ra c'onstx°uction, maintenance or repair of 3ts properties9 the graatee shall compl.y with all regulations exist3.ng or that may ttiereafter be me?de by the Municipality applicable to said grantee, and the grantee shall be liable for damsges that may arise by reason of its failure or neglect to canply sait2a such regulations arnd shall save the Mmicipe,lity harmless fromn auy and all claim for damages by reason of such Pailure or neglect. Section F: The grantee shall fu11y indemn3.fy the Municipality and save it hetrml,ess froan any and all damages that the Auunicipality may sustain and fr.a¢n all jud,gnexts, decrees, costs and expenses, which the Municipality may,- in any manner, suffer, nr incur, and which may be recoverable fram or obtained against.the Municipality For or by reason of the granting of the r3ghts herGby conferred upon the grantee or grawing out of or result3.ng fraan the exercise and use by the grantee of any of the rights hereby granted to it. Saction G: For a period of ten years after tht taking effect of thi? 'fr&IIC21j.3E the grantee may charge for supplying the service of said rztility to the Muunicipal3ty and inhabitants thereof rates equivalent to the highest schedule of rates in effect under the Municipality's operation of said utility during the period Prom the granting of this franchise to the eYfective date oP this fran- chiee, increased by ten per cent. The payments to be made by said Mnicipal,ity to said grantee for ser- vices or products of the Utility to be furnished to said Municipality shall be paid to the grantee semi-annually on or before thee tenth days of June and _ Decrmber fi.n each year during the term of thia contract; and in orcler to provide means for the payYnent pf a11 amounts to be paid by said Municipality undGr this contract, in the event funds are not ava.ilable £rom any other source, tYbe said M.inicipality -in its annual budget and taxation and appropriation OY'dinarbC4°s each year during the term af this contract, obl.igates itself to include and levy a sufficient sutn nn all the taxabls property 3.n said Mnicipality to pay for such servf.ces or prod.ucts, the proceeds of which levy shall be placed in asegaxate flznd, and which taxes, w'lien collected, shall be held inviolate for that purpose. Section H: In the event that the above rates (which are minimum rates - not maacimum rates), shall prove insufFicient to provide revenues yi.elding9 e?fter meeting ogerating and aiaintenance charges in amount consistent With souncl me?nage- ment and aamensurate with the services required by the MunicipQlity, an annual rettarn of appz°oximately six per cent on the reasonable value of the ufiility, 3.n- eludiag 8 reasonable allowance for depreciation, plus the cost of betterments, 3mprovements arad extensions, less depreciation thereon, as rnay have been required or approved by the Municipality, the Municipality, by appropriate ordinances, shall raise suLh rates, ar approve and authorize action bf the grantee ra,ising such rates, sufPiciently to produce such return in the mamer req,uired by any applicable law, but the • duty of the Yfiuiici.pality to raise, or to approve arad authorize the grantee to raise, such rates shall arise forthwith upon the request of the grantee, any l,wW to the contrasy notw3thstanding. In the avent such action by the Mkxnicipality is 2 1 ?