2004-047 Ordinance - Laserfiche WebLink

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f,„ . Trustees and to the extent proceeds of Obligations are available and pernutted by law to be applied thereto, any and all general or special assessments levied against the interest in the Leased Properry that is leased by the City to the Trustees hereunder and that are levied with respect to the Leased Properry for any tax yeaz prior to and including the tax year in which the term of this Lease Agreement commences. If and to the extent that those proceeds are either not so available or not permitted by law to be applied thereto, the Trustees shall pay any such general or special assessments. SECTION 16. ASSIGNMENT AND SItBLEASING. The Trustees shall not assign this Lease Agi-eement or any right, title, interest, estate or obligation of the Trustees hereunder, or sublease or assign all or any part of the Leased Propercy or any interest therein, without the express prior written consent of the City, which consent may be withheld for any reason within the sole discretion of the City; provided, however, that in the event that the Trustees shall consolidate with or transfer all of their assets to another public library board govemed by the provisions of the Ohio Revised Code, as amended, then the rights and obliaations of the Trustees hereunder shall automatically inure to and become the rights and obligations of the successor public library board without the need for any action by or consent of the City. The City shall not assi?n this Lease Agreement or any right, title, interest, estate or obliQation of the City hereunder, without the express prior written consent of the Trustees, which consent may be withheld for any reason within the sole discretion of the Trustees. SECTION 17. DEFALTLT. If the Trustees at any time during the term of this Lease Agreement or any renewal or continuation thereof, shall fail to observe or perform any of the Trustees' covenants, agreemenu or obligations hereunder, and if any such failure shall not be cured within thirty (30) days after the City shall have given written notice to the Trustees specifying such failure; or in the case of a default which cannot with due diligence be cured within a period of thirty (3 )0) days, if the Trustees fail to proceed promptly after the service of such notice and with all due diligence to cure the same and thereafter to prosecute the curing of such default with all due dili?ence (it being intended that in connection with a default not susceptible of being cured with due diligence within thirty (3 ) 0) days, that the time of the Trustees within which to cure the same shall be extended for such period as may be reasonably necessary to complete the same with due diligence); or if the Tnistees abandon or vacate the Leased Property without authorization or permitted cause; then in any such event, the City shall have the right to temunate this Lease Agreement and all of the Trustees' rights hereunder, on a date specified in a written notice, which date shall not be fewer than thirty (30) days after the date of the giving of such notice; and on the date specified in such notice, this Lease Agreement and all rights granted to the Trustees hereunder shall come to an end; and the Trustees hereby covenant to peacefully and quietly yield up and surrender the Leased Property to the City, including all structures, buildin?s and improvements located thereon and any furniture, furnishings and equipment included therein that are the property of the City. SECTION 18. RIGHT OF CITY TO PAY OR PERFORM. If the Trustees fail at any time to make any payment or perform any act on their part to be made or performed hereunder (including without limitation, the procurement and maintenance of insurance as provided in Section 13 hereof), then the City may, but shall not be obligated to, do so without releasing the -8-