Res 1980-036 - Laserfiche WebLink

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I I I " L $3,000.00 thirty (30) days In advance of the lease perloc. In addition to this advance payment the Lessee aqrees to puy co City one percent (1%) of the gross gate receipts of the air sh. ~s/races each year within thirty (30) days after the final day of tnat year's event. IV. It is expressly agreed that Lessee will operate any ctivities conducted upon the leased premises pursuant to this lease aqreement under those rules and regulations of the Federal Aviation AdministrJ- tion (FAA) gove,rnlng such activities. V. It is agreed that Lessee will comply with all Texas ~lcoholic Beverage Commission rules and regulations pertaining to G .:ti vi ties conducted upon the leased premises pursuant to thls leasb 3gree~erlL. VI. As a condition precedent to the use of the property, Lessee agrees to indemnify and hold harmless City from all damac .'5 that may be caused by its use of said property and shall protL,t and indemnify City from any and all claims, suits, liability, expenses and causes of action arising out of the use of said propL,~ty, and shall defend any litigation arising in connection with SL2h use at its own expense. Lessee shall occupy said property at its own risk, utd releases Ci ty, to the full extent permitted by law, from all clai' > of every kind resulting In loss of life, personal or bodily injur~ or pro~erty damage. VII. Lessee shall maintain at its own cost and expense t. dt insurancE coverage required by FAA rules and regulations for appro ..;:d alr ::;how:= races. At a minimum, this coverage shall be In an amoun of not ies~ than $100,000.00 for bodily injury, personal injury or G.. .th to any one person and $ 30 0,000.00 for any single occurrence of : ~di ly 1 'l) ury or death and $100,000.00 for any single occurrence for i I ury or destruction of property. Said insurance policies shali ,;ne City 3S co-insured on each policy. Said insurance policies shal con ta LJl