2000-168 Ordinance - Laserfiche WebLink

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.. ?? ?..?° WH'ER-IAS, the Trustees have agreed to operate a fully staffed and functioning free pubIic Iibrary in the New Facility to be provided by the City; and WHEREAS, the Ciry and the Trustees wish to by this Aa eement to memorialize certain mutual intentions, understandings, promises and agreemenu; NOW, THEREFORE, in considerauon of these presents and the mutual promises and undertakings herein contained, and for other good, sufficient and valuable consideration, the receipt and sufficiency of which is hereby acknowledc'red, the parties to this Agreement do hereby covenant and agree as follows: ITEM I: Site The City and the Trustees acknowledge that the Site has not yet been finally selected; however, the City and the T'rustees presently intend that the New Building and reIated facilities be located on property (including interests therein) generally described in Attachment 1 hereto, subject only to the City's ability to acquire satisfactory title in that property at a cost acceptable to the City and the Tnistees. The City shaIl in good faith undertake the negotiations and other actions required for the acquisition. of that property. Once negotiations for the acquisition of the praperty have been concluded, the Trustees shall advise the City in writing whether the cost of such acquisition is acceptable to them, and the City shall have fiill power and authority to rely on that advice in prflceeding with tile acquisition of the property which, upon any such acquisitian, shall become the Site. In the event such property is not available to the _ City at a cost acceptable to the Ciry and the Trustees, the City and the Trustees shail cooperate in Iocating and acquiring other mutually agreeable property in the City to serve as the Site. If the Ciry and the Trustees are unabie to a,ree on the Site by December 'o I, 2002, either the City or the Trustees may terminate this Agreement by written notice to the other. AIl costs of acquiring -I - ?„_,.e,??