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70-093 Ordinance
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70-093 Ordinance
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1/10/2014 3:32:11 PM
Creation date
1/7/2014 4:42:22 AM
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North Olmsted Legislation
Legislation Number
70-093
Legislation Date
6/2/1970
Year
1970
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~ww <br />• - 10 - <br />Section 13. Character of Lease. It is mutually agreed by the <br />parties hereto that this is a net lease and, except as hereinafter in this <br />Section provided, notwithstanding any language herein to the contrary, it <br />is intended and the City expressly covenants and agrees that all rentals <br />• and other payments herein required to be made by the City to CRC shall be <br />net payments to CRC, meaning that CRC, except for its guarantee and obli- <br />gation under Section 3(c} and Section 5 hereof, is not and shall not be <br />required to expend any money or do any acts or take any steps affecting or <br />with respect to the maintenance, preservation, repair, restoration, recon- <br />struction, or protection of the Project or any part thereof. <br />Section 1~+. Memorandum of Lease. The parties agree. that in lieu <br />of filing this Lease for record a Memorandum of Lease be executed contempo- <br />raneously herewith, which shall be filed for record in Cuyahoga County, <br />State of Ohio. All costs for filing said memorandum shall be paid by CRC. <br />Section 15• Severability. In case arty one or more of the pro- <br />visions of this Lease shall for any reason be held to be illegal or invalid, <br />such illegality or invalidity shall not affect any other provision of this <br />Lease, but this Lease shall be construed and enforced as if such illegal or <br />invalid provision had not been contained therein. <br />IN WITNESS WHEREOF, the parties hereto have hereunder set their <br />hands on the day and year first above written. <br />Signed, Sealed and Acknowledged in <br />the presence of as to Community <br />Recreation Company, Division of The <br />Blare Construction Company: <br />COMMUNITY RECREATION COMPANY, DTVISTON <br />OF THE BLARE CONSTRUCTION COMPANY <br />By <br />Attest: <br />
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