10-28-1996 Council Packet - Laserfiche WebLink

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rental rate equivalent to l/12th of the annual rent specified in paragraph 4 hereof and shall otherwise be on the terms and conditions specified in this Agreement, so far as applicable H. DISPOSITION OF IMPROVEMENTS ON TERMINATION OF I FASF On termination of this Agreement for any reason. Lessor shall become the owner ol the arena, parking lot, and any other buildings or improvements on the demised premises. Lessee agrees to execute all documents necessaiy to establish Lessor’s fee simple title in the improvements. 12. ARENA RENTAL AND USK OF PRFIVIISF.S Lessee shall maintain and operate the arena principally for youth and high school ice hockey activities, secondarily for use by Lessor in support of its educational and recreational programs and, lastly for other community skating and ice rink related activities and for public community recreational athletic and assembly uses, including community meetings, the foregoing order constituting an intended priority of purposes. all primarily, (though not exclusively), for the benefit of those persons residing in or attending the schools of Lessor. More specifically. Lessee shall maintain usable ice in the arena for a minimum of six months during each school year, commencing on or before September 15 and ending on or after March 15. During the period of March 16 - September 14, if usable ice is not in place, use of the arena will be limited to educational, sporting, recreational, and other community purposes, and for such private meetings, shows or expositions or other