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11-13-1989 - Agenda Packet City Council - regular meeting
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11-13-1989 - Agenda Packet City Council - regular meeting
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2/12/2026 10:57:01 AM
Creation date
8/4/2025 12:47:19 PM
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Administration
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Agenda Packet City Council
Section
City Council
Subject
regular meeting
Document Date
11/13/1989
Retention Effective Date
8/4/2025
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i <br />15.LEASE TERMINATION. The Tenant retains the right to <br />terminate this lease at any time during the original term <br />hereof, or any lease term extension/renewel thereof a- <br />provided, and will so designate in writing to the Landlord of <br />it's intent to vacate the premises. In so doing, the Tenant, <br />responsible for the associated costs of removal, will remove <br />it's building, footings, contents and telephony facilities, <br />except duct systems, blacktop surfaces and quit and deliver <br />up the said premises in as good order and condition and state <br />of repair, reas3nable use and wearing thereof, excepted. <br />Further, the Tenant shall retain the option to offer the <br />Landlord for the sale of the building to the Landlord should <br />it be deemed uneconomical by the Tenant to remove the <br />building and its footings from the premises upon vacation. <br />16. BILL OF SALE: Should an agreed sale price be reached by <br />the parties the Tenant then will convey the building by a <br />Bill of Sale to the Landlord. The Lease payments will cease <br />immediately to the Landlord upon the vacation by the Tenant <br />and the Tenant and Landlord will provide each other with a <br />recordable instrument o: Release or Quit Claim Deed to <br />terminate the Lease and to stop further lease payments. <br />Page 8 of 10 <br />
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