Res 2011-049 - Laserfiche WebLink

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4. The stated limits of insurance required by this Paragraph are minimums onlv —they do not limit the ITT's indemnity obligation, and it will be the ITT's responsibility to determine what limits are adequate. These limits may be basic policy limits or any combination of basic limits and umbrella limits. The City's acceptance of Certificates of Insurance that do not comply with these requirements in any respect does not release ITT from compliance with these requirements. 5. TERM To have and to hold said premises with their appurtenances for the term beginning at the date of this Agreement and terminating a year later, subject to renewal rights, as may be hereafter set forth. Lessee may not hold over beyond the last day of the lease term, renewal terms, or negotiated extension period. 6. CONSIDERATION ITT shall pay the Lessor no monetary consideration in the form of rental, it being mutually agreed that the rights extended to ITT herein are in consideration of the obligations assumed by ITT in its establishment, operation and maintenance of the ADS - B radio station facilities upon the premises hereby leased at no cost or expense to Lessor and the provision of free Data Surveillance Subscription Services and software to Lessor as described in paragraph 7. 7. ADS -B Surveillance Data Subscription Services. It is the intent of ITT to provide a subscription service to aviation organizations that would include ADS -B surveillance data for independent and collateral use. This data cannot be used for air traffic control purposes. The details of this service are in the early stages of development and will require the approval of the Federal Aviation Administration (FAA). At an ADS -B host airport's request, this subscription service will be provided at no cost. The applications are in their infancy but will likely evolve rapidly. The data will likely be provided through a protected website connection. ITT will provide, as part of any FAA - approved subscription service, access to the authorized data through this website and proper instructions for its use. ITT will also provide any ADS -B specific software at no cost, as required to access the data from a personal computer. 8. RENEWAL This lease may be renewed from year to year at the option of Lessor upon the terms and conditions agreed upon by both parties. The lease will automatically renew each year for one (1) year unless either party gives the other party one hundred and eighty (180) days advance written notice of termination before this lease or any renewal thereof expires; provided, that no renewal thereof shall extend the period of occupancy of the premises beyond September 30, 2025. 9