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

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or rebuilding more than the amount of the proceeds received by the Lessor from the insurance provided for in Paragraph 6 hereof. The rent payable hereunder for either or both of the Fire Station Project or the Services Building Project shall be abated respectively for the period during which either or both of the Fire Station Project or Services Building Project or any part thereof is unfit for occupancy and such abatement shall be in proportion to the percentage of floor area of either or both of the Projects which is unfit for occupancy. 5. Alteration and Repairs. The Lessee assumes all responsibility for repairs and alterations to the Projects. No alterations shall be made by Lessee without first obtaining the written consent of Lessor. Subject to Paragraph 11, at the end of the term, Lessee shall deliver the leased property to Lessor in as good condition as at the beginning of the term, reasonable wear and tear only excepted. Equipment or other personal property which becomes worn out or obsolete may be discarded or sold by Lessee. Lessee need not replace such personal property, but may replace such properly at its own expense, which replacement property shall belong to Lessee. The proceeds of the sale of any personal property shall be paid to the above-mentioned Trustee. Lessee may trade in any obsolete or worn out personal property or replacement property which will belong to Lessee upon payment to the Trustee of an amount equal to the trade-in value of such property. 6. Insurance. Lessee, at its own expense, will, during the full term of the Lease, keep the Projects insured against physical loss or damage, however caused, with such exceptions as are ordinarily required by insurers of buildings or facilities of a similar type, with good and responsible insurance companies, subject to the approval of Lessor. Such insurance shall be in an amount at least equal to the greater of (i) the option to purchase price or (i) one hundred percent :ODMA\PCDOCS\SBDOCS 1\25224\2 -6-