HomeMy WebLinkAbout0114_107107
The term of this lease shall be for twenty (20) years commencing January
1, 1968) and ending December 31, 1987. The consideration for this lease, in
addition to the covenants and agreements herein appearing shall be $1.00 per
year. It is further agreed that Lessee shall have an option to renew this
lease at its termination for an additional twenty (20) years.
3.
It is further agreed that Lessee shall have the right to remove the
building to be placed on the property and that in the event of the termination of
this lease and a sale of the building by Lessee then Lessor shall have the first
right of refusal to purchase said building. i?pon the termination of this lease
It is understood and agreed that the property hereby leased is a part of
the property held by the City for potential park purposes and in the event
the San Gabriel Park Expansion Program extends to take in this property the
Lessor may terminate this lease by giving Lessee thirty (30) days notice.
However, Lessee shall have a reasonable time to remove any and all buildings
and structures from the premises.
5.
It is further agreed that Lessee shall take good care of the property
and shall, at Lessee's own expense and cost, keep said premises in good repair.
O.
Lessee further agrees notto assign this agreement or underlet the property
on any bast.s whatsoever without the written consent, of Lessor.
EX ,LUTED this 12th day of February, 1988.
T11E CITY OF G FORCETOIN
BY:
Signed: Jay C. Sloan
Sinned J. W. lfiichanan
J. C. Tidwell
Tom Petrosky
Trustees of Camp No. 37,
Woodmen of the World
Life Insurance Society
if Lessee
desires to sell the building located on Lessor's property it is
hereby
agreed that before any such sale shall take
place Lessee shall first notify
Lessor of
the pending sale and of the terms
and Lessor shall have thirty
(:30)
days within which time to notify Lessee of its intention to purchase said
building,
QJ
under the
same terms and conditions. After
the lapse of the said thirty
day
period of
time Lessee shall be free to sell
the building to anyone it so
desires.
C`3
U
4.
It is understood and agreed that the property hereby leased is a part of
the property held by the City for potential park purposes and in the event
the San Gabriel Park Expansion Program extends to take in this property the
Lessor may terminate this lease by giving Lessee thirty (30) days notice.
However, Lessee shall have a reasonable time to remove any and all buildings
and structures from the premises.
5.
It is further agreed that Lessee shall take good care of the property
and shall, at Lessee's own expense and cost, keep said premises in good repair.
O.
Lessee further agrees notto assign this agreement or underlet the property
on any bast.s whatsoever without the written consent, of Lessor.
EX ,LUTED this 12th day of February, 1988.
T11E CITY OF G FORCETOIN
BY:
Signed: Jay C. Sloan
Sinned J. W. lfiichanan
J. C. Tidwell
Tom Petrosky
Trustees of Camp No. 37,
Woodmen of the World
Life Insurance Society