03-12-1975 Council Agenda - Laserfiche WebLink

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L PROVISIONS 17. NONLIABILITY OF DISTRICT- The District shall be forever wholly absolved from any liability for damages which might result to the City on account of this lease having been cancelled, forfeited, or terminated prior to the expiration of the full time thereof. 18. ASSIGNMENT- It is mutually agreed that all the terms and conditions of this agreement shall extend, apply to and bind the successors and assigns of the respective parties hereto as fully as the respective parties are themselves bound, but this provision shall not authorize the assignment or subletting of this agreement without the written consent of the School Board of the District. 19. TERMINATION FOR SCHOOL PURPOSES -It is specifically agreed that if and when the School Board of the District determines and declares in good faith that all or part of the leasehold included in this agreement is needed for the build- ing or development for school purposes, and commences pro- ceedings to effect such development, and notifies the Council of the City, in writing, of such determination, this agree - ment'shall automatically terminate within ninety (90) days after the service of such.notice.either by delivery thereof or depositing same in the United States mail addressed to the City provided that if only a part of the leasehold is needed for school purposes and if the board of the District agrees, the City has the option to continue the lease sub- ject to the covenants contained herein for that portion of the leasehold not needed by the District for school purposes. 20. If the Council of the City fails to keep and perform the covenants herein contained, or hereafter entered into, then said Council does hereby authorize and fully empower the Board of the District to terminate and annul this agreement immediately and further empowers the board to perfect such removal as it may deem advisable to recover exclusive possession of all of said premises, including any and all im- provements, building or otherwise of a permanent nature, upon the premises at that time.