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06-F-Hangar H - Lease Award
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March 26, 2001
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06-F-Hangar H - Lease Award
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Last modified
11/8/2005 11:20:45 AM
Creation date
3/23/2001 9:18:48 PM
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Template:
AGENDA
Item Number
6-F
AGENDA - Type
LEASE RESOLUTION
Description
Award Lease on Hangar H
AGENDA - Date
3/26/2001
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LES SOR shall not be liable to LES SEE, LES SEE's invitees, agents, servants, employees or visitors <br />due to the improvements located thereon, or hereafter constructed, or any other condition of the <br />premises being improperly constructed, maintained or being or becoming out of repair; LESSEE <br />hereby waives any defects therein and agree to hold and save LESSOR harmless from all claims for <br />any such damages or injuries, and LESSEE must, at all times during the term of this Lease, and any <br />extensions hereof, keep and maintain, in full force and effect, a policy or policies of insurance, <br />providing at least $500,000.00 per person and $500,000.00 for any single occurrence for bodily injury <br />or death and $500,000.00 for any single occurrence for injury to or destruction of property, <br />indemnifying all persons for any and all damages, personal injuries or property damages sustained in <br />or upon the premises of said leased property, or any part thereof, as the result of the negligence of <br />LES SEE, LES SEE's invitees, agents, servants or employees, and shall pay all premiums due thereon <br />when due. <br /> <br /> 20. With regard to all insurance required under this Lease, it is expressly provided that <br />such insurance policy or policies shall and must be written and issued by a reputable insurance <br />company or companies, with LESSOR as an additional insured, subject to approval by the City <br />Attorney of the City of Paris, and LESSEE or LES SEE's insurance carrier or carriers shall deliver <br />a copy of any such policies to the City Clerk of the City of Paris, 150 1st Street S.E., Paris, Texas <br />75460, or furnish to said City Clerk a current letter or certificate from such company or companies, <br />evidencing the fact that such insurance is in full force and effect at all times during this Lease, and any <br />extension hereof, and specifically noting thereon that LESSOR is an additional insured. All such <br />policies shall be written so that the LESSOR will be notified of cancellation or of any restrictive <br />amendment of the policies at least thirty (30) days prior to the effective date of such cancellation or <br /> <br />Lease Agreement - Page 8 <br /> <br /> <br />
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