Approving and authorizing the execution of a lease for the construction and equipping of a new fire station and the construction of a new roof for the

Home Browse Search

the Fire Station Project or the Services Building Project. Upon a failure of the Lessee to appropriate such funds for payment of either or both of the Projects, (i) this Lease will terminate with respect to either or both of the Projects as appropriate, (ii) Lessee will take all action to peaceably transfer possession of either or both of the demised premises to Lessor, and (iii) Lessee shall have no further claim to said demised premises. 3. Additional Rental Pa,~. The Lessee shall pay as further rental for said premises all taxes and assessments levied against or on account of the Projects and expenses incurred by the Building Corporation related to the Trust Indenture, including but not limited to fees of the Trustee. Any and all such payments shall be made and satisfactory evidence of such payments in the form of receipts shall be furnished to the Lessor by the Lessee, at least three (3) days before the last day upon which the same must be paid to avoid delinquency. In case the Lessee shall in good faith desire to contest the validity of any such tax or assessment, and shall so notify the Lessor, and shall furnish bond with surety to the approval of the Lessor conditioned for the payment of the charges so desired to be contested and all damages or loss resulting to the Lessor from the non- payment thereof when due, the Lessee shall not be obligated to pay the same until such contests shall have been determined. 4. Abatement of Rent. In the event either of the Fire Station Project or Services Building Project shall be partially or totally destroyed, whether by fire or any other casualty, so as to render the same unfit, in whole or part, for use and occupancy by the Lessee, it shall then be the obligation of the Lessor to restore and rebuild such Fire Station Project or Services Building Project as promptly as maybe done, unavoidable strikes and other causes beyond the control of the Lessor excepted; provided, however, that the Lessor shall not be obligated to expend on such restoration :ODMA\PCDOCS\SBDOCS 1\25224\2 -5-