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Res 2021-065/approving the renewal of a lease agreement between the City of San Marcos and San Marcos Lions Club providing for a five year lease of a portion of the City Recreation Building located in City Park for an annual rent of $11,900
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Res 2021-065/approving the renewal of a lease agreement between the City of San Marcos and San Marcos Lions Club providing for a five year lease of a portion of the City Recreation Building located in City Park for an annual rent of $11,900
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10/13/2022 4:53:11 PM
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City Clerk - Document
Resolutions
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Approving
Number
2021-65
Date
4/6/2021
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fixed annual rental shall be reduced and adjusted in an appropriate manner. <br />10.03 Rent Pa, ink If this Lease is terminated as provided in this section, rent shall be <br />paid up to the date that possession is taken by the condemning authority, and the Lessor shall make <br />an equitable refund of any rent paid by the Lessee in advance. <br />10.04 Division of Award: The Lessor and the Lessee shall each be entitled to receive and <br />retain separate awards, or portions of lump sum awards, as are allocated to their respective interests <br />in the condemnation proceeding. The termination of this Lease under this Paragraph shall not <br />affect the rights of the respective parties to such awards. <br />Article 11. Damage by Casualty <br />11.01. The Lessee shall give immediate verbal notice, and prompt written notice to the <br />Lessor of any damage caused to the Leased Premises by fire or other casualty. <br />11.02. If the Leased Premises are damaged by casualty and can be restored within 30 days, <br />Lessor will, at its expense, restore the Leased Premises to substantially the same condition that <br />existed before the casualty and Lessee will, at its expense, replace any of its damaged furniture, <br />fixtures, and personal property and restore any authorized leasehold improvements installed by <br />Lessee. If Lessor fails or is unable to complete the portion of the restoration for which Lessor is <br />responsible within 30 days from the date of written notification by Lessee to Lessor of the casualty, <br />Lessee may terminate this lease by written notice delivered to Lessor before Lessor completes <br />Lessor's restoration obligations. <br />11.03. To the extent the Premises are untenantable after the casualty, the Rent will be <br />prorated for the period of time that the premises cannot be used by Lessee. <br />11.04. Any insurance or risk pool coverage against casualty loss which may be carried by <br />either the Lessor or the Lessee shall be under the sole control of the party carrying the insurance <br />or risk pool coverage, and the other party shall have no interest in any proceeds thereof. Lessor <br />and Lessee expressly waive any cause of action or right of recovery which either of them may have <br />against the other for any loss or damage to the Leased Premises or to the contents caused by fire, <br />explosion, or other risk covered by the casualty insurance or risk pool coverage. <br />Article 12. Assignment and Subletting <br />Lessee may not assign this Lease or sublet the Leased Premises without prior written <br />consent of the Lessor. Any such assignment or subletting shall constitute a default. <br />Article 13. Events of Default and Remedies <br />13.01. Default: The following events shall be events of default by the Lessee under this <br />Lease: <br />
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