Sponsor
Alderman Hart
Title
Conduit License Agreement
Resolved, that the Mayor and City Clerk be authorized and directed to enter into a Conduit License Agreement with Midwest Fiber Networks, LLC to use the City's conduit duct system for installation, operation, maintenance and repair of Midwest Fiber Networks communications facilities on Main Street from Seventh Street to State Street. This agreement will be for a period of five years with an automatic renewal clause for three (3) consecutive periods of five (5) years.
Fiscal Note: MWFN will pay the City $0.75 per foot conduit fee with a three percent (3%) annual escalator.