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• <br />$9- 04521 <br />LICENSE At3REB[4ENT <br />This License Agreement is made by and between the CITY OF <br />GRAND ISLAND, NEBRASKA, a Municipal Corporation, herein referred <br />to an the '*City" and THE EQUITABLE BUILDING AND LOAN ASSOCIATION, <br />: <br />a Corporation, hereinafter referred to as the "Licensee". <br />1. STATES OF FURPOSS. The purpose of this License <br />Agreement is to set forth the terms and conditions under which <br />the Licensee may construct, maintain, repair, and utilize the <br />. <br />following described improvement which will infringe upon real <br />. <br />estate owned or controlled by the City: <br />; <br />A flagpole .to, be installed on the front of the main <br />office building at 113 -115 North Locust Street, <br />Grand Island, Hall. County, Nebraska. The tip of <br />said,,flagpole shaLL-be not more than thirty feet <br />above-the sidewalk and shall not extend beyond the <br />curb line into the street. <br />2' DESCRIPTION OF LICENSEE'S REAL ESTATE. The Licensee <br />owns or controls the following described real estate adjacent to <br />the City's real estate to which this License Agreement shall apply= <br />The south.forty -four (441) feet of Lot 3'and the <br />south forty -four ( 44') feet of Lot~ 4, Block 79, <br />Original Town, now City of . Gram. Island, Hall COT -mty, <br />NebrAska . <br />3. LI NSEE'S DUTIES AND RISKS. It is understood and <br />agreed that the Licensee may construct, maintain, repair and <br />utilize the above described improvement at the Licensee's sole <br />risk. The Licensee. ?xereby waives any claim:.fgr damages against <br />the City, ' its.:officers, employees,. a-gents and independant <br />contractors for any damage or inju that may result to said <br />If the City, in its sole discretion, determines <br />improvement.' <br />that any part or all of the improyf mOnt &a%t be removed 6r . is <br />damaged by the City, its employees-,.Agents, or independeAt. <br />contractors working for the City during the course of th*irr <br />employment or duties with the City, the Licnnsee agrees. _•t*.assume <br />and pay all .gists relating t.o, . the replacem nst or repair of the <br />fprovement . <br />4. E-MCTIVE DATE. 'This ilcense'alreement shall take <br />effect on the date it is executed by the :Kayor of the City of <br />Grand Island as dated below. It shall continue for an indefinite <br />term until such time as it is terminated as provided hereafter. <br />5. TERMINATION. This License Agreement shall terminate <br />upon one or more of the following occurrences: <br />License Agreement <br />U <br />