Res 1976-005 - Laserfiche WebLink

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lm -5- 1/9/76 in the existing equipment for new equipment, or from purchasing additional equipment, during the term of this lease, but the title to all such equipment when hereafter acquired shall vest in Aquarena, Inc. , and shall become subject to this agreement. The lease for the year, 1968, the lease for the year, 1969, and the lease for the year, 1970, the lease for the year, 1971, the lease for the year, 1972, the lease for the year, 1973, the lease for the year, 1974, and the lease for the year, 1975, were similar to this lease in that the City of San Marcos paid rent in the precise amount of all ad valorem taxes on said property for the years, 1968, 1969, 1970, 1971, 1972, 1973, 1974, and 1975, and was reimbursed for one-half (1/2) thereof by San Marcos Golf Association. V II. The purpose of this lease is to permit Lessee to continue to operate the said property as a municipal golf course; and Lessee binds and obli- gates itself that it will use said property solely and exclusively for the purpose of operating and conducting thereon a municipal golf course, and will not use said property or any part thereof for any other purpose; and will not assign this lease in whole or in part; and will not sublet any part of the property covered hereby. Lessee shall have the right to charge the general public for the privilege of playing golf upon said property, the fees thereby obtained to be and remain the sole property of Lessee, and Lessor shall not have, claim or assert any right to any part or percentage thereof. V III. Lessee shall have the right to make improvements, betterments, additions and repairs to the said golf course and the building thereon used