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2017-10 Resolution
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2017-10 Resolution
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8/14/2017 10:51:44 AM
Creation date
2/23/2017 10:55:08 AM
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North Olmsted Legislation
Legislation Number
2017-10
Legislation Date
2/21/2017
Year
2017
Legislation Title
Clague Park Cell Tower Lease
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4. Lessor shall cooperate in all ways, including but not limited to providing information, signing documents <br />and seeking execution by third parties of docurnents that will remove, subordinate or satisfy any mortgages, deeds of <br />trusts, liens or other encumbrances affecting the Property. <br />5. Upon receipt ofthis Letter Agreement evidencing Lessor's acceptance of the terms herein, Lessee shall <br />submit this Letter Agreement to its property committee. If the Letter Agreement is approved by the property <br />committee, Lessee shall prepare a Lease Amendment that incorporates the terms and conditions described in this <br />Letter Agreement. In connection therewith, the parties acknowledge and agree that this Letter Agreement is intended <br />to summarize the terms and conditions to be included in the Lease Amendment. Upon receipt of the [,case <br />Amendment, Lessor hereby agrees to execute the Lease Amendment without any unreasonable delay. <br />6. Irrespective of whether the transaction contemplated by this Letter Agreement is consummated, Lessor <br />and Lessee each will pay its own out-of-pocket expenses. <br />7. Notwithstanding anything to the contrary contained herein. Lessee has the complete right to terminate <br />this Letter Agreement for any or no reason at any lime prior to full execution of the Lease Amendment, without <br />damages. <br />8. Lessor represents and warrants that Lessor is duly authorized and has the full power, right and authority <br />to enter into this Letter Agreement and to perform all of its obligations under this Letter Agreement and to execute <br />and deliver all documents, including but not limited to the Lease Amendment, required by this Letter Agreement. <br />From the date of this Letter Agreement through the date that Lessor executes the Lease Amendment, Lessor shall use <br />its best efforts to ensure that the foregoing representations and warranties shall remain true and correct and Lessor <br />shall promptly notify Lessee if any representation or warranty is or possibly may not be true or correct. Lessor's <br />representations, warranties and covenants shall survive following the full execution of the Lease Amendment. <br />If this Letter Agreement accurately sets forth our understanding regarding the foregoing, please so indicate by signing <br />and returning to the undersigned the enclosed copy of this letter. <br />Lessor: <br />City of'North Olmstead, <br />an Ohio municipal corporation <br />Lessee: <br />NCWPCS MPI, 27 — Year Sites Tower 1 loldings LI,C. <br />a Delaware limited liability company <br />By: CCATT LLC, <br />a Delaware limited liability company <br />its Attorney in Fact <br />By: <br />By: <br />Name: <br />— <br />Name: <br />Title: <br />Title: <br />Date: Date: <br />
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