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2009-066-RES-Construction of a new hangar at Cox field
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2009-066-RES-Construction of a new hangar at Cox field
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Last modified
8/21/2012 12:37:02 PM
Creation date
7/10/2009 8:37:56 AM
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CITY CLERK
Doc Name
2009-066-RES
Doc Type
Resolution
CITY CLERK - Date
6/22/2009
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36. That, in case of any damage to or destruction of the buildings, structures, and <br />equipment on the leased premises, or any part thereof, LESSEE will promptly give written notice <br />thereof to LESSOR, generally describing the nature and extent of such damage and/or destruction. <br />37. In case of any damage to or destruction of the buildings, structures, improvements <br />and/or equipment on the leased premises, or any part thereof, LESSEE, shall, whether or not the <br />insurance proceeds, if any, payable on account of such damage and/or destruction are sufficient for <br />such purpose, promptly commence and complete the restoration, repair, and replacement of said <br />buildings, structures, improvements and/or equipment on the Leased Premises as nearly as <br />possible to their value, condition, and character immediately prior to such damage and/or <br />destruction, with such alterations and/or additions thereto as may be approved in writing by <br />LESSOR (hereinafter sometimes referred to as the "Restoration"). All costs and expenses related <br />to the Restoration shall be the sole responsibility of LESSEE. <br />All insurance proceeds, if any, payable on account of such damage to or destruction of the <br />leased premises, buildings, structures, and equipment on the leased premises shall be payable to <br />LESSOR. LESSOR shall be protected in acting upon any certificate believed by LESSOR to be <br />genuine and to have been executed by the proper party and shall receive such certificate as <br />conclusive evidence of any fact or as to any matter therein set forth. Such certificate shall be full <br />warranty, authority, and protection to LESSOR in acting thereon, and LESSOR shall be under no <br />duty to take any action other than as set forth in this paragraph. <br />38. Insurance proceeds received by LESSOR on account of any damage to the leased <br />premises or any improvements thereon (less the costs, fees, and expenses incurred by LESSOR <br />and LESSEE in the collection thereof, including, without limitation, adjuster's and attorney's fees, <br />court costs and other related expenses), shall be applied as follows: <br />A. Net insurance proceeds as above defined shall be paid to LESSEE or as LESSEE <br />may direct to LESSEE's Contractor from time to time as Restoration progresses to <br />pay (or reimburse LESSEE for) the cost of Restoration, upon written request of <br />LESSEE to LESSOR accompanied by (1) certificate of a supervising architect or <br />engineer approved by LESSOR, describing in reasonable detail the work and <br />material in question and the cost thereof, stating that the same were necessary or <br />appropriate to the Restoration and constitute a complete part thereof, and that no <br />part of the cost thereof has theretofore been reimbursed, and specifying the <br />Hansar Lease Aereement - page 14 <br />
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