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<br />88- 102327 <br /> <br />~ICENSE AGREEMENT <br /> <br />Thi 5 Li cense Agreement is made t'v "J.:.d between the CITY OF <br />GRAND ISLAND, NEBRASKA, a Municipal Cu:.:;.oration, herein referred <br />to as the "City" and ALBERT W. MADSEN and ELSIE .... "'ADSEN, <br />husband wife, hereinafter referred to as the "Licensees". <br /> <br />1. STATEMENT OF PURPOSE. The purpose of this License <br />Agreement is to set forth the terms and conditions under which <br />the Licensees may construct, maintain, repair, and utilize the <br />following described improvement which will infringe upon real <br />estate owned or controlled by the City: <br /> <br />Underground drainage line for basement dewatering <br />into gutter at 2715 O"Flannagan Street, Grand Island, <br />Hall County, Nebraska. <br /> <br />2. DESCRIPTION OF LICENSEES" REAL ESTATE. The Licensees <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 /> <br />The south one hundred feet (100") of Lot Seven (7) <br />Block Three (3), Dickey 2d Subdivision to the City <br />of Grand Island, Hall County, Nebraska. <br /> <br />3. LICENSEES" DUTIES AND RISKS. It is understood and <br />agreed that the Licensees may construct, maintain, repair and <br />utilize the above described improvement at the Licensees' sale <br />risk. The Licensees hereby waive any claim for daaages against <br />the City, its officers, employees, agents and independant <br />contractors for any damage or injury that may result to .aid <br />iaprovement. If the City, in its sole discretion, deter.ines <br />that any part or all of the i~rovement .ust be r-.oved or is <br />dataaged by the Ci ty, its employees, aglKlts, or indep....d....t. <br />contractors working for the City during the course af their <br />employ.ent ar duties with the City, the Licensees agrees ta <br />a.su.. and pay all casts relating to the replac~t or repair of <br />thm i~rove.ent. <br /> <br />4. EFFECTIVE DATE. This license agreement shall t.ake <br />effect on the date it is executed by the Mayor af the City ~ <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 /> <br />5. TERMINATION. This License Agreement shall ter.inat. <br />upon one or more of the following occurrences: <br /> <br />a. The service of siHty days written notice af <br />intention to terminate by any party upon the other party. <br />