Plains LPC First Amendment Rev
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FIRST AMENDMENT TO THE
LPG TRANSPORTATION SYSTEM LICENSE ISSUED TO PLAINS LPG
SERVICES, L.P., BY CITY OF EL MIRAGE
This FIRST AMENDMENT ("Amendment No. 1") to the LPG TRANSPORTATION
SYSTEM LICENSE ISSUED TO PLAINS LPG SERVICES, L.P., (“License”) is hereby
made and entered into this 17th day of August, 2021, by and between The CITY OF EL
MIRAGE, ARIZONA, an Arizona municipal corporation (“Licensor” or “City”), and PLAINS
LPG SERVICES, L.P., a Delaware limited partnership authorized to transact business in the
State of Arizona (“Licensee”), collectively (“the Parties”).
RECITALS
WHEREAS, the City/Licensor and Licensee entered into the LPG Transportation System
License on June 25, 2009 (the “Effective Date”); and,
WHEREAS, the parties desire to amend Section 7. Term of License, to extend the term
an additional 10 years, and remove the CPI Adjustment payment to include an annual fee payment.
AMENDMENT
NOW, THEREFORE, in consideration of the mutual promises and obligations set forth
herein, the Parties, hereby agree to amend the License as follows:
1. Section 7. Term of License.
The License granted herein shall continue and exist for a period of 2030 years from the
effective date unless sooner canceled as provided in Section 10 below. The effective
date shall be the date on which the last party execute the License. Beginning on the
second year of the License and annually thereafter for so long as this License is in
effect, Licensee agrees to pay Licensor the annual fee, as established in Section 6
above, increased by the “CPI Adjustment” based on the Consumer Price Index, All
Urban Customers, All Items, U.S. City Average, Not Seasonally Adjusted (Series ID
#CUUROOOSAO;1982-84 = 100) (the “Consumer Price Index” or the “CPI”),
published by the United States Department of Labor, Bureau of Labor Statistics, or any
successor or substitute index published as a replacement of the CPI by an United States
governmental agency. If a substitute or successor index is unavailable, the parties shall
agree to use other comparable statistics to calculate the CPI Adjustment. The “CPI
Adjustment” hereunder is a fraction, the numerator of which is the Consumer Price
Index for the month of June immediately preceding the year in which the adjustment
in the annual fee is to take place, and the denominator of which is the Consumer Price
Index for the month of June immediately preceding the year used in the numerator,
adjusted to the nearest one-tenth of a percent. Commencing on June 25, 2021, the
annual fee shall be $6,200.00, and shall increase by two and one-half percent (2.5%)
annually thereafter.
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2. Except as specifically amended, all remaining terms and conditions of said License
shall remain the same and continue in full force and effect.
IN WITNESS WHEREOF, the Parties have executed this Amendment No. 1 as of the
date first above written.
CITY OF EL MIRAGE, ARIZONA,
PLAINS LPG SERVICES, L.P.,
a municipal corporation
By: Plains LPG Services GP LLC,
Its General Partner
_____________________________
By:______________________________
By:
J. Crystal Dyches
George N. Polydoros, Jr.
Its:
City Manager
Vice President
ATTEST:
_____________________________
By: Sharon Antes
Its: City Clerk
APPROVED AS TO FORM:
_____________________________
Justin Pierce, City Attorney