Art. 5 Concession Agreement between the Municipality of Glarus Nord (hereinafter referred to as the Municipality) and Technische Betriebe Glarus Nord (hereinafter referred to as TBGN) - Compensation to the Municipality
Art. 5 Concession Agreement between the Municipality of Glarus Nord (hereinafter referred to as the Municipality) and Technische Betriebe Glarus Nord (hereinafter referred to as TBGN) — Compensation to the Municipality
1. The TBGN shall pay the municipality an annual compensation for the use of land for power plants, transformer stations, distribution cabinets, etc., in the amount of CHF 50,000.00, as well as for the use of water rights (CHF 0.5/kWh), dependent on energy production, which, together with the levy to the canton, shall not exceed the maximum permitted by the Water Rights Act.
2. Furthermore, the TBGN shall pay the municipality an annual fee for the transfer of the supply right and the use of public land for the network of lines. This amounts to CHF 0.3 per kilowatt-hour of electricity sold within the municipal area of Glarus Nord. This fee shall be itemized on the customers' electricity bills. Any adjustment shall be made before September 1st for the upcoming year.
3. The compensations shall be paid two months after the end of the TBGN's financial year.
4. It is agreed that after four years from the start of the contract (for the first time on January 1, 2018), both parties may request a renegotiation of the compensation amounts.
5. If a contracting party wishes such an adjustment, it shall notify the other contracting party in writing at least three months before the expiry of the current term. If no timely notification is made, the amounts shall remain valid for another four years.