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<br />Section 7.02 Condemnation. If after the Public Entity has acquired the ownership
<br />interest delineated in Section 2.02 all or any portion of the Real Property and, if applicable, Facility
<br />is condemned to an extent that the Public Entity can no longer comply with the provisions
<br />contained in Section 2.04, then the Public Entity shall, at its sole option and discretion, either: (i)
<br />use or cause the condemnation proceeds to be used to acquire an interest in additional real property
<br />needed for the Public Entity to continue to comply with the provisions contained in Section 2.04
<br />and, if applicable, to fully or partially restore the Facility, and to provide or cause to be provided
<br />whatever additional funds that may be needed for such purposes, or (ii) sell the remaining portion
<br />of its ownership interest in the Real Propert y and, if applicable, Facility in accordance with the
<br />provisions contained in Section 4.01. Any condemnation proceeds which are not used to acquire
<br />an interest in additional real property or to restore, if applicable, the Facility shall be applied in
<br />accordance with the provisions contained in Section 4.02 as if the Public Entity’s ownership
<br />interest in the Real Property and, if applicable, Facility had been sold, and such amounts shall be
<br />credited against the amounts due and owing under Section 4.02 upon the ultimate sale of the Public
<br />Entity’s ownership interest in the remaining Real Property and, if applicable, Facility. If the Public
<br />Entity elects to sell its ownership interest in the portion of the Real Property and, if applicable,
<br />Facility that remains after the condemnation, then such sale must occur within a reasonable time
<br />period from the date the condemnation occurred and the cumulative sum of the condemnation
<br />proceeds plus the proceeds of such sale must be applied in accordance with the provisions
<br />contained in Section 4.02, with the condemnation proceeds being so applied within a reasonable
<br />time period from the date they are received by the Public Entity.
<br />As recipient of any of condemnation awards or proceeds referred to herein, the Council
<br />agrees to and will disclaim, assign or pay over to the Public Entity all of such condemnation awards
<br />or proceeds it receives so that the Public Entity can comply with the requirements that this Section
<br />imposes upon the Public Entity as to the use of such condemnation awards or proceeds.
<br />Section 7.03 Use, Maintenance, Repair and Alterations. The Public Entity shall (i)
<br />keep the Real Property and, if applicable, Facility, in good condition and repair, subject to
<br />reasonable and ordinary wear and tear, (ii) complete promptly and in good and workmanlike
<br />manner any building or other improvement which may be constructed on the Real Property and
<br />promptly restore in like manner any portion of the Facility, if applicable, which may be damaged
<br />or destroyed thereon and pay when due all claims for labor performed and materials furnished
<br />therefor, (iii) comply with all laws, ordinances, regulations, requirements, covenants, conditions
<br />and restrictions now or hereafter affecting the Real Property or, if applicable, Facility, or any part
<br />thereof, or requiring any alterations or improvements thereto, (iv) keep and maintain abutting
<br />grounds, sidewalks, roads, parking and landscape areas in good and neat order and repair, (v)
<br />comply with the provisions of any Real Property/Facility Lease if the Public Entity’s ownership
<br />interest in the Real Property and, if applicable, Facility, is a leasehold interest, (vi) comply with
<br />the provisions of any easement if its ownership interest in the Real Property and, if applicable,
<br />Facility is by way of such easement, and (vii) comply with the provisions of any condominium
<br />documents and any applicable reciprocal easement or operating agreements if the Real Property
<br />and, if applicable, Facility, is part of a condominium regime or is subject to a reciprocal easement
<br />or use contract.
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