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1997-078-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 14TH DAY OF APRIL 1997
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1997-078-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 14TH DAY OF APRIL 1997
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8/18/2006 4:31:15 PM
Creation date
4/4/2005 8:02:11 AM
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CITY CLERK
Doc Name
1997
Doc Type
Resolution
CITY CLERK - Date
7/14/1997
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<br />Ill. OPTION <br /> <br />In the event LESSEE shall keep each and every agreement contained herein and do and <br /> <br /> <br />perform all the obligations required of him hereunder during the primary term of this Lease, an <br /> <br /> <br />option is hereby given and granted to LESSEE to renew and extend this Lease for a period of one <br /> <br /> <br />(1) year from and after the expiration of this agreement, which option may be exercised by <br /> <br /> <br />LESSEE giving notice, in writing, of his intention to renew said lease ninety (90) days prior to <br /> <br /> <br />the expiration of the pTimary term of the Lease, and shall be under such terms as previously <br /> <br /> <br />provided. <br /> <br /> <br />Further, in the event LESSEE shall keep each and every agreement contained herein and <br /> <br />do and perform all the obligations required of him hereunder during the fiTst option of this Lease, <br /> <br />a second option is hereby given and granted to LESSEE to renew and extend this Lease for a <br /> <br /> <br />period of one (1) year from and after the expiration of said first option, which second option may <br /> <br /> <br />be exercised by LESSEE giving notice, in writing, of his intention to renew said lease ninety (90) <br /> <br /> <br />days priOT to the expiration of the first option of the Lease, and shall be under such teTms as <br /> <br /> <br />previously provided. <br />Further, in the event LESSEE shall keep each and every agreement contained heTein and <br /> <br />do and perform all the obligations required of him hereunder during the second option of this <br /> <br />Lease, a third option is hereby given and granted to LESSEE to renew and extend this Lease for <br /> <br />a peTiod of one (1) year from and after the expiration of said second option, which third option <br /> <br /> <br />may be exercised by LESSEE giving notice, in writing, of his intention to renew said lease ninety <br /> <br />(90) days prior to the expiration of the second option of the Lease, and shall be under such terms <br /> <br /> <br />as previously provided. <br /> <br />ILTERMINATION <br /> <br /> <br />That either party may, at its option, terminate this lease by giving the other party thirty <br /> <br />(30) days notice, in writing, of its intention. <br /> <br />l"', ~_ _ _ _ __ __ <br /> <br />"'-_ ..LL ~ L _~_._ <br />
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