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HomeMy WebLinkAboutAmerican Steel - Encroachment Agmnt - 1/28/19Prepared by: Seth Hyberger, 715 Mulberry Street, Waterloo, Iowa 50703 (319) 291-4366 ENCROACHMENT AGREEMENT THIS ENCROACHMENT AGREEMENT is entered into by and between American Steel, LLC, hereinafter "American Steel", and the City of Waterloo, Iowa, hereinafter "City" this Zb day of , 2019. WHEREAS, American Steel is the owner of real estate commonly known as 735 Ansborough Avenue, Waterloo, Iowa 50701 and legally described as Lots 31, 32, 33, 34, 35 and 36 in First Addition to Galloway in the City of Waterloo, Iowa except those parts of said Lots conveyed to the City of Waterloo in 604 CLD 377, hereinafter "American Steel Property"; and WHEREAS, American Steel is proposing to construct and maintain a sign that will consist of approximately a 12' X 6" long metal I-beam that is 6' 6" in height with custom fabricated lettering and logo attached, hereinafter "Sign" that encroaches into a 16' utility easement, hereinafter "Easement," and 3' 6" into City Right of -Way, hereinafter "Right -of -Way"; and WHEREAS, American Steel is requesting to allow said encroachment within said "Right -of - Way" and "Easement" as shown on the attached Exhibit "A" hereinafter "Encroachment Area"; and WHEREAS, the City is willing to allow said Encroachment Area as shown on attached Exhibit "A", subject to the following agreement regarding each party's rights. 1. American Steel hereby recognizes and reaffirms, said Right -of -Way and Easement. 2. The City grants American Steel the right to place and maintain said Sign in said Right -of -Way and Easement as shown on attached Exhibit "A", subject to the rights of the City and/or any agency to which the City has granted a utility franchise or Right -of -Way License Agreement to and for access over, under and upon said Right - of -Way and Easement, expressly recognizing and acknowledging that any damage that occurs to said Sign will be the sole risk and expense of American Steel including moving or replacement expenses. In the event that the City and/or any agency to which the City has granted a utility franchise or Right -of -Way License Agreement needs said Sign to be temporarily moved for access to said Encroachment Area, American Steel shall move said Sign if present and able, otherwise the City of Waterloo and/or any agency to which the City has granted a utility franchise or Right -of -Way License Agreement shall be authorized to move said Sign and assess any costs for removal against American Steel, or American Steel Property. 3. The term of this agreement shall be for so long as said Sign is maintained by American Steel, and said Sign continues to exist, and that this agreement shall automatically terminate if said Sign is removed (other than for temporary removal during replacement or repair). It is understood and agreed that this Agreement is appurtenant to the real estate and runs with the land. It is further understood and agreed that this agreement may be terminated by the City of Waterloo upon 60 days notice and order to permanently remove to American Steel and that American Steel agree to remove said Sign prior to the end of the 60 days notice and termination of this agreement. If American Steel fails to remove said Sign upon termination of this agreement American Steel authorize the City of Waterloo to remove said Sign and assess costs to American Steel, or against American Steel Property. 4. American Steel shall protect, defend, indemnify, and hold harmless the City and its successors and assigns and their officers, elected officials, employees, and agents, and any agency to which the City has granted a utility franchise or Right -of -Way License Agreement from any claim, damages, liability and expenses (including, but not limited to, reasonable attorney's fees and costs of litigation) of any type or nature whatsoever arising out of the use, maintenance, or removal of said Encroachment, including, but not limited to any damage to said Right -of -Way or Easement or said Sign. This covenant shall survive the termination of this Agreement. 5. This is the entire agreement between the parties with respect to subject matter hereof. It may be amended only in a written instrument signed by the parties. This agreement is binding upon the parties and their respective transferees, successors, heirs and assigns. Time is of the essence in observing the terms of this agreement. In WITNESS WHEREOF, the parties have executed this Encroachment Agreement by their duly authorized offices as of the date first set forth above. Paul Beal, Its: Owner City of Waterloo By: Quentin Hart Its: Mayor Attest: Kelley Felchl City Clerk STATE OFi(o) COUNTY OF act..thwe- ) SS. On this 16 day of , Jl .. -y, 2019 before me, the undersigned, a Notary Public in and for the State of ,�(,) , Paul Beal, personally appeared to me known to be the identical persons named herein and who executed the foregoing instrument and acknowledged that they executed the same as their voluntary act and deed. kol'A z — * = Exhibit "A" City ROW Ansborough Avenue Back of Curb Ansborough Ave 18 Feet Utility Easement American Steel Building Line Encroachment Agreement Area 12.5' X 5' 735 Ansborough Avenue Encroachment Agreement American Steel AN 4V s `� 20 10 020 leil o \c) 2 Feet