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7A, Zayo Site Lease Agreement
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7A, Zayo Site Lease Agreement
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10/24/2024 10:34:57 AM
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5/27/2011 1:29:25 PM
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Special City Council Meeting
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days' vv�itten notice ta Landlord. �n the event Tenant eiects to terminate the Lease, <br />Tenant shail be entitled to reir�bursetneni of prepaid rent coverir�g the period <br />subsequent ta tlie date of damage to or destruction of the Leased Premises_ <br />15. Lease Ter�ninafion. <br />a) Events of Termination. Exce�t as otilerwise provided herein, this Lease may be <br />termi�ated upon sixty (b0} days written �otice t� the other party as follows: <br />1. by either party upon a default of any covenant or term hereaf by the ot�er <br />party, which default is not c�red within sixty (64) days af receipt of <br />writte� notice of default to ihe other party (without, however, lirniting <br />any o�her rights of the parties pursuant to any other pro�isions hereo� <br />�r�less such default may not reasonably be cured wit��in a sixty (60) day <br />period in which case, this Lease may not be ter�-riinated if t�e defaulting <br />party comrt�ences action io cure the default r�vithin such sixty (60) day <br />period and proceeds with due diiigence to fully cure the defauit; <br />2. by Tenant for cause if it is un�bfe to abtain or maintain any license, <br />per�nit or other governmental approval necessary far the constructioi� <br />andfor operation of the System, ar if it is otherwise �nable to use the <br />Leased Premises for ti�e purposes described rtn Section 7{b); <br />3. by Tenani for cause if t�e System is or becomes unacceptable for <br />technological reasozis wl�ich z�easons shatl be cotnmunicated in writing to <br />Land9ord; <br />4_ by Landlord, after tl�e expiration of the second Renewai Term, ar►d upon <br />o�e year's prior written notice to Tenanf iC ihe City Council, after the <br />expiratior� af aii applicable appeai periods, votes, to disco�tinue use of <br />the Landlord Property as a Water T�wer; <br />5. by Landlord after the expiration of the second Renewal T'erm, ar�d upon <br />or�e year's prior written notice to Tenant, if an �ndependent licensed <br />structural engineer deterrr�ines tliat the Water Tower is structurally <br />unso�nd, including, but not limiied to, consideration of age o� the Water <br />Tower, damage or destruction of ail or part af the Water Tower from any <br />source; and <br />6. by Landlord if Tenant fai�s to camp[y with appiicable ordinances, or state <br />or %deraI law, or any conditions attacl�ed to governmeni appro�als <br />granted thereunder, after a pi�blic hearing be€ore the Landiord's Council. <br />b) Natice of Termination. The parties sliati give Noiice of Termination in writing <br />by certified rr�ail, return receipt requested. Suc� Notice sl�a�l be effecti�e upon <br />receipt as �videnced by the ret�irn receipt, or such later date as statecE in the <br />7 <br />
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