Res 1978-031 - Laserfiche WebLink

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98a STATE OF TEXAS MUSEUM LEASE COUNTY OF HAYS KNOW ALL MEN BY THESE PRESENTS: I That the City of San Marcos, Texas, a municipal corporation under the laws of the State of Texas, acting by and through the authority conferred on its Mayor, Frank T. Arredondo, and herein- after referred to as "City", by Resolution adopted and The Texas Museum of History, Inc., a non-profit corporation pursuant to the Texas Non-Profit Corporation Act, hereinafter re- ferred to as "Museum", enter into this lease of property for the mutual benefit of the parties and pursuant to the following terms and provisions: I. The sUbject property of this lease is the ground floor or first floor of that structure owned by City in the 200 Block of North Guadalupe Street in said City and previously utilized as the City Hall and commonly known in the community as the "Old City Hall." II. The term of this lease is for a period of three years from date of execution. Museum shall have an option to renew said lease for an additional three year period commencing on the day after the last day of the first three year term. II 1. I Consideration for this lease agreement is City providing a site for Museum to display historical artifacts and Museum making said artifacts available and displaying the same for the public enjoyment and education of the citizens of San Marcos, Texas. IV. It is expressly agreed that City shall incur no cost for the adaptation of the premises for museum purposes nor for the cost of maintenancing the premises during the term of this lease nor for the cost of utilities in operating the museum or making the museum available to the public. Museum does hereby agree not to structurally alter the premises without first ob- taining the approval of the City Council. V. It is expressly agreed that all historical artifacts dis- played on the premises shall remain the property of Museum and City shall exert no claim against such artifacts nor be respon- sible for damage to or loss of artifacts kept on the premises. City agrees to maintain the present level of insurance coverage on the structure, but expressly states that no insurance coverage shall be held for the contents of the structure. I VI. Museum agrees to provide evidence of liability insurance coverage protecting Museum and naming City as an additional in- sured by filing with the City Secretary a copy of said policy insuring the acts and conduct of Museum while on the leased pre- mises. Minimum coverage shall be $100,000.00 per person and $300,000.00 for any single occurrence for bodily injury or death