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17-Deliberate and act on a resolution authorizing a lease agreement with NE Radio Operations and Command Inc.
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17-Deliberate and act on a resolution authorizing a lease agreement with NE Radio Operations and Command Inc.
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CITY CLERK
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17
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Agenda
CITY CLERK - Date
10/12/2009
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than any fixtures) from the Premises and shall restore the Premises to the condition in <br />which it existed upon execution of this Agreement, reasonable wear and tear excepted. <br />Should Lessee fail to so remove the Lessee Facilities, Lessor may, upon thirty (30) days' <br />notice by Lessor to Lessee remove and store the Lessee Facilities at Lessee's expense. <br />Should Lessee fail to restore the Premises to its original condition, ordinary wear and tear <br />excepted, then Lessor may do so at Lessee's expense. In the event that neither Lessee nor <br />Lessee's financing entity shall effect such timely removal, and provided at least sixty (60) <br />days have elapsed since the original written notice to Lessee, the Lessee Facilities shall be <br />deemed abandoned and Lessor may remove and dispose of the Lessee Facilities at Lessee's <br />expense. <br />10. Termination. This Agreement may be terminated without further liability on thirry <br />(30) days prior written notice as follows: (i) by either party upon a default of any covenant <br />or term hereof by the other party, which default is not cured within thirry (30) days of <br />receipt of written notice of default, provided that the grace period for any monetary default <br />is ten (10) days from receipt of notice; (ii) by Lessee for any reason or for no reason, <br />provided Lessee delivers written notice of early termination to Lessor no later than thirty <br />(30) days prior to the commencement of operations; (iii) by Lessee if it does not obtain or <br />maintain any license, permit or other approval necessary for the construction and <br />operation of Lessee Facilities; or (iv) by Lessee if Lessee is unable to occupy and utilize the <br />Premises due to an action of the FCC, including without limitation, a take back of channels <br />or change in frequencies; (v) by Lessee if Lessee determines that the Premises are not <br />appropriate for its operations for economic or technological reasons, including, without <br />limitation, signal interference; or (vi) by Lessor if the City Council shall make a legislative <br />determination and finding by written resolution that the use of the Premises is needed for <br />another public interest and votes to terminate the Agreement by giving Lessee ninery (90) <br />days written notice. <br />11. Destruction or Condemnation. If the Premises or Lessee Facilities are damaged to <br />the extent that continued use is unfeasible, destroyed, condemned or transferred in lieu of <br />condemnation, Lessor may elect to terminate this Agreement as of the date of the damage, <br />destruction, condemnation or transfer in lieu of condemnation by giving notice to Lessee <br />no more than forty-five (45) days following the date of such damage, destruction, <br />condemnation or transfer in lieu of condemnation. <br />12. Insurance. Lessee, at Lessee's sole cost and expense, shall procure and maintain on <br />the Premises and on Lessee's Facilities, bodily injury and property damage insurance with <br />a combined single limit of at least One Million and 00/100 Dollars ($1,000,000.00) per <br />occurrence. Such insurance shall insure, on an occurrence basis, against liability of Lessee, <br />its employees and agents arising out of or in connection with Lessee's use of the Premises, <br />all as provided for herein. Lessor, its elected officials, officers and employees shall be <br />named as an additional insured on Lessee's policy. Lessee shall provide to the Lessor a <br />certificate of insurance evidencing the coverage within fifteen (15) days of the Effective <br />Date of this Agreement. <br />13. Assienment and Subletting. Lessee may not assign, or otherwise transfer all or <br />any part of its interest in this Agreement or in the Premises without the prior written <br />4 <br />n U <br />
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