Res 1976-001 - Laserfiche WebLink

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175-a LEASE STATE OF TEXAS COUNTY OF HAYS KNOW ALL MEN BY THESE PRESENTS: 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, Dr. Emmie Craddock, and herein- after referred to as "City", by Resolution adopted January 12, 1976, and The Texas Museum of History, Inc., a non-profit corpor- ation pursuant to the Texas Non-Profit Corporation Act, hereinafter referred 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 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 the calendar year 1976. Upon the expiration of this lease agreement a renewal of said lease may be negotiated, but it is expressly agreed that no right of renewal or extension of this lease is hereby conveyed. III. Consideration for this lease agreement is City providing a site for Museum to display historical artifacts during the Bicen- tennial Year and Museum making said artifacts available 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 not to structurally alter the premises without first obtaining the approval of the City Council. agree 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 responsible for damage to or loss of artifacts kept on the premises. City agrees to maintain the present level of insurance coverage on the struc- ture, but expressly states that no insurance coverage shall be held for the contents of the structure. VI. Museum agrees to provide evidence of liability insurance coverage protecting Museum and naming City as an additional insured against third persons insuring the acts and conduct of Museum while on the leased premises. Minimum coverage shall be $100,000 personal injury; $300,000 personal injury per occurrence; $100,000 property damage. Failure to maintain said minimum coverage shall be grounds for termination of this lease.