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Agr Sign Removal AGREEMENT This Agreement is entered into this th day of April, 2003, by and between the City of Salina, Kansas (the "City") and George Lay Signs, Inc. ("Lay Signs"). Recitals A. Lay Signs owns four billboard signs located at mile markers 87.14, 87.2, 87.28, and 87.34 along Interstate Highway 135 (the "Signs") pursuant to a Lease Contract dated July 7, 2000 between Lay Signs and the Dr. Elden Miller Trust as assigned to the City in conjunction with the purchase of real estate from the Dr. Elden Miller Tmst for purposes of construction of the Water Well Road - 1-135 interchange project. B. Lay Signs and the City desire to enter into this Agreement to provide for the acquisition/relocation of the Signs. C. Lay Signs and the City acknowledge that if Lay Signs does not reach agreement with the City concerning the acquisition/relocation of the Signs, the City will acquire the Signs through condemnation. THE PARTIES agree and covenant as follows: 1. Removal of Sims. Lay Signs agrees to remove the Signs (including all salvage or waste materials) from the city-owned property upon which they are located no later than Friday, April 11, 2003. 2. New Si~n. Lay Signs intends to pursue a form of relocation of the existing signs through the construction of a single-pedestal, steel-frame, billboard sign in a suitable location near Salina (the "New Sign"). 3. Comvensation. If Lay Signs is successful in lawfully constructing the New Sign by December 15, 2003, the City shall pay $8,240 to Lay Signs when the New Sign is completed in full payment for the acquisition and removal of the Signs. If Lay Signs diligently pursues construction of the New Sign, and is unsuccessful in lawfully constructing the New Sign by December 15, 2003 for reasons outside the control of Lay Signs, or if Lay Signs is unable to secure the new ground lease on terms reasonably acceptable to Lay Signs, the City shall instead pay $12,240 to Lay Signs in full payment for the acquisition and removal of the Signs; provided, however, if Lay Signs is unsuccessful in lawfully constructing the New Sign by December 15, 2003 due to Lay Signs lack of diligence or failure to meet reasonable requirements and terms within the control of Lay Signs, the City's obligation to Lay Signs for acquisition and removal of the signs shall be fully met by paying $8,240 to Lay Signs. 4. No Revresentations. In the course of entering into this Agreement, the City. its elected officials, and its appointed staff make no representations regarding the nature of nor the likelihood of success of any applications for actions by the City required in the course of lawfully constructing the New Sign. City staff will be available to assist Lay Signs with matters pertaining to City requirements relating to the lawful construction of the New Sign, just as would be the case with any applicant seeking required City approval of matters pertaining to any construction project. 5. Assie:nment. This Agreement shall not be assigned by Lay Signs without the advance written consent of the City. 6. Binding Effect. This Agreement shall be binding upon the parties and their successors and assigns. WHEREFORE, this Agreement is executed by the duly authorized officers of the City and Lay Signs as of the date and year first written above. CITY OF SALINA, KANSAS ATTEST: "AiL L-~.. t'#lJ~J l~ Lieu Ann Nicola, City Clerk GEORGE LAY SIGNS, INc. Jøhn Lay, President ( -------- CITY ATTORNEY'S OFFICE Greg A. Bengtson City Attorney 129 South 8th. P.O. Box 380 Salina, Kansas 67402-0380 City of !:i Salina TELEPHONE. (785) 823-6325 FAX . (785) 823-1868 E-MAIL. area.benatson@salina.ora E-MAIL. aabenatson@cml-Iaw.com Website: www.cLsalina.ks.us April 11, 2003 Lieu Ann Nicola City Clerk City of Salina P.O. Box 736 Salina, KS 67402-0736 Re: Agreement for removal of signs Dear Lieu Ann: Enclosed for safekeeping is the agreement between the City and George Lay Signs, Inc. for removal of the billboard signs located in the property acquired by the City for the construction of the Waterwell Road 1-135 Interchange project. Please let me know if you have any questions. Dennis Kissinger, City Manager Shawn O'Leary, Director, Engineering & General Services Rod Franz, Director of Finance & Administration CITY ATTORNEY'S OFFICE Greg A. Bengtson City Attorney 129 South 8th . P.O. Box 380 Salina, Kansas 67402-0380 City of !:.i salina TELEPHONE. (785) 823-6325 FAX . (785) 823-1868 E-MAIL. area.benatson@salina.ora E-MAIL. gabenatson@cml-Iaw.com Website: www.cLsalina.ks.us April 11, 2003 John Lay, President George Lay Signs, Inc. 1016 N. Waco Wichita, KS 67203-3999 Re: Agreement for removal of signs Dear John: Enclosed please find one of the two fully signed agreements between the City of Salina, Kansas and George Lay Signs, Inc. Please let me know if you have any questions. Thank you again for your assistance with this matter. enc. cc: Dennis Kissinger, City Manager Shawn O'Leary, Director, Engineering & General Services Rod Franz, Director of Finance & Administration j Lieu Ann Nicola, City Clerk