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RIGHT-OF-WAY ENCROACHMENT LICENSE AND PERMIT AGREEMENT <br /> Agreement made this day of , 2012, by and between the City of <br /> Prescott, a municipal corporation of the State of Arizona, hereinafter referred to as "Licensor", <br /> and The Yavapai College Community Facilities District, hereinafter referred to as "Licensee." <br /> WHEREAS the City Council of the City of Prescott has granted the Yavapai College <br /> Community Facilities District a variance pursuant to City Code, Chapter 8-6, for the limited <br /> purposes stated herein, now therefore, <br /> WHEREAS the Yavapai College Community Facilities District must also obtain from <br /> the Public Works Director a permit or license for the purposes of such variance, <br /> In consideration of the mutual promises herein contained, and for other good and <br /> valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each <br /> party to the other, the parties agree as follows: <br /> 1. GRANT OF LICENSE. Licensor hereby grants to Licensee a license to occupy <br /> and use a portion of the right-of-way owned by Licensor generally located on Sheldon Street, <br /> Prescott, Arizona, and more particularly identified as the location described in the attached <br /> Exhibit "A" and "B", for the sole purpose of allowing the placement of a sign described herein. <br /> Said construction, installation and any repair and/or maintenance of the sign shall be at the <br /> Licensee's expense and at no cost to the Licensor, subject to the prior approval by the City <br /> Public Works Director. <br /> 2. LIMITATION TO LOCATION AND DESCRIBED USE OF PREMISES. The <br /> location and limitation of this License shall be specifically limited to the location in the right-of- <br /> way as more particularly described in the attached and incorporated Exhibit "A" and "B" hereto, <br /> and no other. The use of such location is specifically limited to the erection of an electronic <br /> monument changeable copy sign, and associated utility location, as described in the attached <br /> Exhibit "C" to be used solely to provide information about events at the Yavapai College <br /> Performing Arts Center or other Yavapai College events, and for no other purpose, including but <br /> not limited to any commercial purposes or containing any other commercial information. <br /> 3. RESPONSIBILITY OF LICENSEE. Licensee shall maintain the area which is <br /> hereby licensed in good condition and repair. Licensee shall at all times keep and maintain said <br /> area in a safe and good condition and repair. Yavapai College shall, at their own expense, <br /> Page 1 of 4 <br />