96-086 - Seattle City Light - Master Pole Attachment

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SECTION 4. FEES SECTION 5. REIMBURSEMENT Master Pole Attachment Agreement 3.3 City Light recognizes that time is of the essence and will make a good faith effort to process applications in an expeditious manner. 4.1 Company shall pay City Light fees for the attachment of Equipment to the poles at the current annual rate (the "Annual Rate according to Appendix A. This rate may be changed by ordinance. 4.2 Such fees shall commence on the effective date of such permit and shall be for the balance of the then calendar year. 4.3 City Light shall invoice Company for the payments annually. Company shall pay each such invoice within thirty (30) days after Company's receipt thereof. 4.4 Company shall submit annually to City Light an inventory listing the number of poles Company has made attachments to and the locations of such poles. This inventory shall be effective from November 1 of the reporting year and shall be submitted to City Light no later than December 1 of that year. Any attachments not identified in such inventory shall be billed at three times the current annual rate. In the event that Company fails to submit an inventory, Company shall pay City Light, in addition to the current annual rates, all costs associated with City Light having to perform an inventory of Company's attachments to poles. Company shall reimburse City Light within thirty (30) days after receipt of invoice for all amounts paid and costs incurred by City Light at Company's expense under Paragraphs 7.2, 9.3, and 9.4, and Sections 8 and 10 of this Agreement. SECTION 6. LATE CHARGES AND INTEREST Company acknowledges that late payment of any fee or other amounts due to City Light under this Agreement will cause City Light to incur certain administrative, processing and accounting costs not otherwise contemplated by this Agreement, the exact amount of which will be extremely difficult, if not impossible, to ascertain. Accordingly, if any fee or other amounts shall not be received by City Light within thirty (30) days after such amounts shall first become due, Company shall pay to City Light interest, compounded daily, at the rate of one percent (1 per month or the maximum rate permitted by applicable law, whichever is less, on any fees or other amounts not paid to City Light when due under this Agreement, from the date due until the date paid. Payment of such interest shall not excuse or cure any breach of or default under this Agreement by Company. 2