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CLEAR CHANNEL MEDIA-2000
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CLEAR CHANNEL MEDIA-2000
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Last modified
1/3/2012 3:10:11 PM
Creation date
11/14/2008 10:48:16 AM
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Contracts
Company Name
Clear Channel - Eller Media Company
Contract #
A-2000-179
Agency
Public Works
Council Approval Date
10/16/2000
Expiration Date
12/8/2010
Insurance Exp Date
4/10/2002
Destruction Year
2014
Notes
none
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,.- <br />12. GRANTEE'S NON-COMPLIANCE AND LIQUIDATED DAMAGES <br />If the CITY determines that there are deficiencies in the GRANTEE' S performance under <br />this Agreement, the CITY will provide written notice to the GRANTEE as specified <br />below under "Events of Default", to correct said deficiencies within specified time <br />frames. <br />In the event that the GRANTEE fails to correct the deficiencies within the prescribed <br />time frames the CITY may, at its option; (1) use the Security Deposit as provided for <br />herein, (2) exercise its rights under "Right of RemedyBntry," and/or; (3) assess <br />liquidated damages. <br />It may be impracticable or extremely difficult to fix the extent of actual damages <br />resulting from the failure of the GRANTEE to comply with GRANTEE'S obligations. <br />Under the current circumstances, a reasonable estimate of such damage is five hundred <br />dollars ($500) per day for each day of the period of time that the deficiencies exist, and <br />that the GRANTEE shall be liable to the CITY for liquidated damages in said amount. <br />13. METHOD OF PAYMENTS <br />Within ten (10) days of this Agreement being executed by both parties, GRANTEE shall <br />pay the initial capital fee payment set forth in section 3 of this Agreement, less any <br />amounts owing or paid pursuant to interim bus shelter agreements between the CITY and <br />GRANTEE covering the period from July 1, 2000 until the effective date of this <br />Agreement. Thereafter, GRANTEE shall pay annually, in advance, on July I, the <br />contract amount for that year. Late payments will be subject to a ten percent (10%) <br />penalty for each fifteen (15) days that payment is late. <br />14. SURRENDER <br />Upon expiration or termination of the term hereof, at the option of the City, all bus <br />shelters and bus benches shall become the property of the City of Santa Ana and shall be <br />surrendered to the CITY in a reasonably good condition, subject to the City of Santa <br />Ana's right to demand removal of the shelters and restoration of the respective public <br />improvements to their proper and original condition at GRANTEE'S own cost and <br />expense. The City may choose to take ownership of some or all of the shelters and/or <br />benches. The GRANTEE shall timely remove those not being acquired by the CITY. <br />15. ACCESS TO RECORDS <br />Grantee shall make its records, documents, books, reports, billing and methods of <br />accounting related to this Agreement available to the CITY's designated representative <br />during normal business hours to allow such person to review, verify and audit said <br />records. Said records shall be available during the term of this Agreement and thereafter <br />7 <br />
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