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Deed - Halcyon Dr, crossing - File 1037, 1979
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Deed - Halcyon Dr, crossing - File 1037, 1979
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CM City Clerk-City Council
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Deed
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80-1OLiboy, <br />Railroad, at its expense, shall perform the work specified <br />in item (g) above. <br />15. Following execution of this instrument, Railroad will <br />order the delivery of all materials required to perform the work <br />contemplated herein and shall submit to Grantee a bill for eighty <br />percent (80%) of Grantee's share of the estimated cost of materials <br />to be furnished by Railroad. As soon as the crossing surface has <br />been placed in operation,Railroad shall submit to Grantee bills for <br />eighty percent (80%) of Grantee's share of the estimated cost of <br />applicable labor furnished by Railroad. Following completion of <br />audit, Railroad shall submit to Grantee a final bill for the actual <br />total cost of the work performed by Railroad, less the progress <br />payments made by Grantee hereunder. Grantee shall pay all of such <br />bills promptly. <br />In the event progress payments made by Grantee exceed the <br />audited total final cost, the difference shall be promptly refunded <br />to Grantee by Railroad. <br />16. Grantee, at its expense, shall furnish and install neces- <br />sary paving, including paving in the widened portions of the crossing <br />area, together with all curbs, gutters, sidewalks, raised center <br />median islands and other street facilities. <br />17. The word: to be performed by Railroad hereunder shall be <br />commenced as soon as labor and materials are available, following <br />execution of this instrument, and shall be completed within one (1) <br />year thereafter. <br />In the event Railroad is unable to complete the work to be per- <br />formed by Railroad hereunder concurrently with Grantee's highway <br />construction, Grantee, at its expense, shall furnish, properly in- <br />stall and maintain such barricade, warning lights or other implements <br />or devices as are necessary and appropriate to guide and channel <br />highway traffic safely over the existing railroad crossing until <br />such time as work to be performed is completed. <br />N <br />Page 2 of Insert <br />
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