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No. 1506 approving a proposed lease between the SBRA and the SBRC for certain land and public improvements, approving preliminary plans, speccifications and cost estimates, setting a public hearing (Palais Royale)
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No. 1506 approving a proposed lease between the SBRA and the SBRC for certain land and public improvements, approving preliminary plans, speccifications and cost estimates, setting a public hearing (Palais Royale)
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INDEX <br />Page <br />Section 1. Definitions .............. ............................... 1 <br />Section 2. Lease of Project ........... ............................... 3 <br />Section 3. Rental Payments ........... ............................... 4 <br />Section 4. Rental Payment Dates and Amounts ............................ 4 <br />Section 5. Abatement of Rent ......... ............................... 6 <br />Section 6. - Net Lease ............... ............................... 7 <br />Section 7. Nonliability of Authority ..... ............................... 7 <br />Section 8. Alterations... 7 <br />Section 9. Insurance ............... ............................... 7 <br />Section 10. Use of Insurance and Condemnation Proceeds ..................... 8 <br />Section 11. Liability Insurance ......... ............................... 8 <br />Section 12. General Insurance Provisions ............................... 8 <br />Section 13. General Covenants ......... ............................... 9 <br />Section 14. Option to Purchase ......... ............................... 9 <br />Section 15. Defaults ............... ............................... 10 <br />Section 16. Notices ................ ............................... 10 <br />Section 17. Construction of Covenants ... ............................... 10 <br />Section 18. Successors or Assigns ...... ............................... 10 <br />Exhibit A Permitted Encumbrances <br />Exhibit B Palais Royale Legal Description <br />Exhibit C Project Description <br />Exhibit D(1) Lease Payment Schedule for Original/Combined Project <br />Exhibit D(2) Lease Payment Schedule for Additional /Combined Project <br />i <br />
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