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HomeMy WebLinkAboutFranchise Exten. Agreement FR/SRv FRANCHISE EXTENSION AGREEMENT THIS FRANCHISE EXTENSION AGREEMENT (this "Agreement") is made and entered into , 2005, by and between the CITY OF MIAMI, FLORIDA, a Florida municipal corporation (the "City"), and NUI Utilities, Inc,, a New Jersey corporation d/b/a Florida City Gas (the "Franchisee"). WITNESSETH: WHEREAS, pursuant to City Ordinance 12613, adopted on November 17, 2004, the City has granted to the Franchisee and its successors and assigns, a non-exclusive franchise (the "Franchise") to construct, erect, install, extend, maintain and operate its gas system facilities within the City; and WHEREAS, on November 30, 2004, AGL Resources, Inc. acquired NUI Corporation which owns NUI Utilities, Inc.; and WHEREAS, NUI City Gas Company is now known as Florida City Gas; and WHEREAS, the term of the Franchise expires February 28, 2005, and the City and the Franchisee desire to enter into a new franchise agreement, but have not yet concluded negotiations on the acceptable terms of such agreement; and WHEREAS, in order to allow the City and the Franchisee time to enter into a new franchise agreement on terms and conditions mutually agreeable to the City and the Franchisee, the City and the Franchisee have agreed to extend the term of the Franchise as set forth herein; NOW THEREFORE, in consideration of the premises and $10.00 and other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, the City and the Franchisee hereby agree that the Franchise granted by the above -referenced Ordinance is hereby extended and continued in favor of the Franchisee on all of the same terms and conditions as set forth in such Ordinance, until the earlier of August 28, 2005, or the date immediately preceding the effective date of any subsequent franchise agreement entered into by the City and the Franchisee. Telecopies of counterparts of this Agreement, executed by the City and the Franchisee, shall be considered for all purposes, including delivery, as originals. [Intentionally left blank] 1-M I/536173. i IN WITNESS WHEREOF, the City and the Franchisee have executed this Franchise Extension Agreement on the respective dates set forth below. ATTEST: Priscilla A. Thompson City Clerk Approved as to form and correctness: WITNESS: Witness to sign above Print Name: r Q hv.e. E--Sca,r+dret-i. CITY OF AMI By: Name: Joe ola `� Title: City anager . I i1 Approved as to Insuranceirements ‘'fDania Carrillo, Risk nagement Administrator AP1 "O`' NUI Utilities, Inc. d/b/a Florida City Gas, Inc. By: Name: Paul F. Shlanta Title: Sr. Vice President & Coral_ Camel Date: February 1 , 2005 I-M11536173.1 2