There is hereby granted to ITC Midwest LLC, hereinafter referred to as the "Company," its successors and assigns, the right and non-exclusive franchise to acquire, construct, erect, maintain and operate in the City of Newton, Jasper County, Iowa, a transmission system for electric power and the right to erect and maintain the necessary poles, lines, wires, conduits and other appliances or equipment and substations for the transmission of electric current (collectively, the "facilities") along, under and upon the streets, avenues, alleys and public places in the City of Newton, Jasper County, Iowa; also the right to erect and maintain upon the streets, avenues, alleys and public places, transmission lines through the City of Newton, Jasper County, Iowa, for the period of 25 years, subject to a limited right of cancellation at the end of the sixth, twelfth, and eighteenth year anniversaries of the anniversary date; also the right of eminent domain as provided in Section 364.2 of the Code of Iowa. City agrees to not permit or grant approval for any development or construction that would result in the company's facilities violating the National Electric Safety Code, as it exists at the time of the permit or approval.
(Ord. 2385, passed 9-8-2020)