PAYPHONE COMPANY, THE 1 -2002 - Laserfiche WebLink

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INS~RAN~E ON FILE IVORK MAY PROCEED . . UNTIlINSURI\NCE EXPIRES 8'1 ao I 0 "t- . CLERK OF COUNCIL . i DATE: N-2002-089 03 NON-EXCLUSIVE LICENSE WITH THE PA YPHONE COMPANY This License Agreement is entered into ~n ~~~ , 2002, by and between the City of Santa Ana, a charter city and municipal corporation duly organized and existing under the Constitution and laws of the state of California, (hereinafter referred to as "Licensor") and The Payphone Company, a California DBE, (hereinafter referred to as "Licensee"). I. ACKNOWLEDGEMENTS a. Licensor is the owner of that property known as The Depot in Santa Ana ("the Property"), located at 1000 E. Santa Ana Boulevard, Santa Ana, California. b. Licensor hereby grants to Licensee a non exclusive license to install, operate and maintain 13 payphones and associated equipment, including any pedestal, enclosure, signage, wiring and conduit ( hereinafter "payphone") on the Property, subject to the following terms and conditions: I. Licensee certifies that it is the owner of the payphones and that said payphones shall remain the sole property of Licensee. 2. Nine (9) payphones shall be located inside on the Property and four (4) payphones shall be located outside the Depot on the Property. One of the thirteen (13) payphones shall be a TDD phone. Each payphone shall be identified by telephone number as set forth in Attachment A hereof. Licensor reserves the right to relocate said payphones within the Property at anytime, so long as Licensee is notified of such a move. 3. Licensee agrees to pay Licensor 45% of the adjusted gross coin revenues generated by said payphones. Said adjusted gross coin revenue is calculated as the total coin revenue less expenses for line usage charges and maintenance. Licensee guarantees 45% of adjusted gross revenue will be at least $1400.00 per year. Revenue for each quarter will be calculated and paid to Licensor in arrears as follows: . Payment November 30 for September, October and November. A late charge will be assessed on December 5. . Payment February 28 for December, January, February. Late charge assessed March 5. . Payment May 30 for March, April, May. Late charge assessed June 5. . Payment August 30 for June, July, August. Late charge assessed September 5. All Licensee records pertaining to the revenue generated at The Depot shall be made available at all times for audit by Licensor upon request. City will pay up to $750.00 for the first year audit. All subsequent audits shall be paid by Company. .."".~m;li'lil~i,"