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09-24-07 Item 8B, Sheehy Property Recommendation
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09-24-07 Item 8B, Sheehy Property Recommendation
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10/4/2022 3:40:08 PM
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9/20/2007 11:45:10 AM
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Item 8B, Sheehy Property Rec
General - Type
Agenda Item
Addressee
3168 Ridgewood Road
Date
9/24/2007
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<br />lieu of taxes required as a result of this Lease <br />including any such taxes payable the year following the <br />termination of this Lease if such tax payments cannot be <br />abated. <br /> <br />C. Term. This Lease shall be for a term of five (5) years <br />commencing on the lOth day of September, 1996, and shall <br />be automatically renew for an additional five (5) year <br />term unless either party gives written notice of <br />cancellation at least twelve (12) months prior to <br />termination of the initial five (5) year term. <br /> <br />D. Improvements. The Association shall pay for all costs <br />relating to improvement of the tennis court or access <br />areas. Plans and specifications for improvements shall <br />be reviewed and approved by the City Administrator. All <br />improvements constructed to the tennis court and access <br />areas shall become the property of the City. <br /> <br />E. Maintenance. All modifications to the tennis court area <br />and the access areas and all improvements made for the <br />Association's benefit shall be at the Association' s <br />expense and such improvements shall be maintained in a <br />good state of repair. <br /> <br />F. Tres1?ass. Repeated or continuous trespass upon the <br />remalning portions of the City property by members of the <br />Association or their guests shall be an event of default. <br /> <br />G. Insurance. The Association must maintain a comprehensive <br />general liability coverage which shall include, but not <br />be limited to, bodily injury, property damage and <br />personal injury. The comprehensive general liability <br />coverage shall be in an amount not less than $600,000 for <br />each occurrence and $600,000 for personal injuries. <br />These limits may be satisfied by the comprehensive <br />general liability coverage or in combination with an <br />umbrella or excess liability policy, provided coverage <br />afforded by the umbrella or excess policy is no less than <br />the underlying comprehensive general liability coverage. <br />The City shall be named as an additional insured on the <br />insurance policy. <br /> <br />The Association must keep in force during the term of <br />this Lease a policy covering damages to its property. <br />The amount of coverage shall be sufficient to replace the <br />damaged property, loss of use and comply with any other <br />appropriate City ordinances or regulations. <br /> <br />H. Hazardous Materials. The Association will be solely <br />responsible for and will defend, indemnify and hold the <br />City, its agents and employees harmless from and against <br /> <br />2 <br />
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