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20-17 Authorize Concession Lease with Cornucopia
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20-17 Authorize Concession Lease with Cornucopia
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15. ASSIGNMENT AND SUBLETTING. Lessee shall not assign this lease or any interest in the lease, <br />or sublet any part of the leased premises, without the written consent of the Mayor of the City, <br />which may be granted or withheld in the Mayor's sole and exclusive discretion. <br />16. TAKING OF PREMISES FOR EXPANSION OR DEVELOPMENT. Although currently there are no <br />plans to do so, the City may recover possession of all or part of the leased premises for purposes <br />of expansion or development of Lakewood Park on ninety days' written notice to lessee. In the <br />event of a taking or partial taking by the City under this section, the lessee may: <br />(A) Accept other premises offered by the City to replace the leased premises, and continue <br />operations under this lease in the replacement premises. In such case, any rent charged hereunder <br />may be further negotiated by the parties; <br />(B) Accept other premises offered by the City to replace the part of the leased premises taken, <br />and continue operations under this lease in the leased premises remaining after the taking, <br />augmented by the replacement premises. In such case, any rent charged hereunder may be further <br />negotiated by the parties; <br />(C) Elect to continue operations under this lease in the leased premises remaining after the <br />taking. In such case, any rent charged hereunder may be further negotiated by the parties; or <br />(D) Terminate the lease as of the date of taking, by giving written notice at least thirty days prior <br />to termination. <br />17. CANCELLATION. <br />(A) Termination by the City. In addition to any other right of cancellation under this lease, the <br />City may terminate this lease if any of the following occur: <br />(1) Lessee fails to pay rent or other charges under this lease within thirty days after the due date; <br />(2) Lessee assigns the lease or any part of its interest in the lease, or sublets any part of the leased <br />premises, in violation of section 15 of this lease; <br />(3) Lessee voluntarily abandons operations at the leased premises for a continuous period of ten <br />days between September 1, 2017 and the termination of the original term of this lease; <br />(4) Lessee is compelled to cease operations at the leased premises for a continuous period of <br />ninety days, by reason of fire or other casualty, a strike, or other calamity beyond lessee's <br />control. This provision does not apply when lessee elects to make repairs under section 13(13) of <br />the lease, even though the work requires longer than ninety days to complete, provided lessee <br />begins repairs without undue delay, diligently prosecutes the work, and renews operations on <br />completion of repairs; <br />
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