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Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.
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Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.
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4/17/2025 3:39:21 PM
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5/14/2024 4:19:37 PM
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Board of Public Works
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Resolutions
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5/14/2024
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• 0 <br />mak 299 :�.214 <br />ARTICLE IV <br />Commencement and Completion of the Project; <br />Issuance of the Bonds <br />ProSection 4.1. Agreement to Acquire or Construct the <br />,ect. Subject to the provxsxons of Section 4.6 hereof, <br />the Lessor agrees that: <br />!!s• (a) It will cause the Leased Land to be acquired <br />a�ndtitledinits name and either will cause the Build- <br />-,thereon to be acquired and titled in its name or <br />the Building to be constructed thereon, wholly within <br />the boundary lines of the Leased Land, the Building to <br />consistiof a building or buildings comprising manufac- <br />turing and distribution plant facilities; and will <br />construct, acquire and install other facilities and <br />real and personal property and easements, rights and <br />permits necessary for the operation of the Project, all <br />in accordance with plans and specifications, including <br />any and all supplements, amendments and additions <br />thereto, now or hereafter filed by the Lessee in the <br />office of the Lessor, and in accordance with any change <br />orders approved and furnished by the Lessee to the <br />Lessor from time to time prior to the Completion Date. <br />(b) It will cause to be acquired and installed in <br />the Building or on the Leased Land, for use of the <br />Lessee, the Leased Equipment, to consist of the machinery, <br />equipment and related property described in the general <br />list thereof in Exhibit B attached hereto and made a <br />part hereof, as such list may be modified from time to <br />time with the Lessor's consent, and such other items of <br />machinery, equipment and related property which in <br />Lessee's judgment may be necessary or desirable for <br />operation of the Project, and as shall from time to <br />time prior to the Completion Date be specified in <br />written orders from the Lessee to the Lessor, all of <br />which acquisitions and installations shall be made in <br />accordance with the Lessee's specifications and directions. <br />The Lessor and Lessee agree that the Lessee may undertake to <br />acquire, construct and equip the Project, but if by special <br />agreement the Lessor retains such responsibility, the Lessor <br />agrees that only such changes will be made in the said plans <br />and specifications as may be approved in writing by the <br />Lessee. The Lessor agrees that it will enter into, or <br />accept the assignment of, such contracts as the Lessee may <br />request in order to effectuate the purposes of this Section <br />IV-1 <br />
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