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HomeMy WebLinkAboutRES 87-041 R E S 0 L U T 1 0 N BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Manager be, and he is hereby, authorized to renew the lease between the City of Beaumont and the Young Men' s Business League, a copy of which is attached hereto as Exhibit "A" , for a five (5) year term commencing April 1 , 1987 through 3/31 /91 . PASSED BY THE CITY COUNCIL of the City of Beaumont this the day of Mayor THE STATE OF TEXAS X COUNTY OF JEFFERSON X This LEASE CONTRACT by and between THE CITY OF BEAUMONT, a municipal corporation domiciled in Jefferson County, Texas, hereinafter called Lessor, and THE YOUNG MEN'S BUSINESS TRUE OF BEAUMONT, TEXAS, a private corporation duly incorporated under the laws of the State of Texas with its principal office in Beaumont, Jefferson County, Texas, hereinafter called Lessee, W I T N E S S E T H: Lessor does by these presents lease, let and demise unto Lessee that certain building known as the YMBL Building at Fair Park, Beaumont, Jefferson County, Texas containing approximately 4400 square feet ("herein called the "Leased Premises") . This lease is for a terns of five (5) years, commencing on the first day of April, 1986, and ending on the 31st day of March, 1991, inclusive, upon the following conditions and covenants: 1. Lessee shall pay to Lessor at City Hall, as rental for the leased premises, the sum of Twenty-Four Thousand ($24,000) Dollars payable at the rate of $400.00 per month, in advance on or before the first day of each month. 2. The leased premises shall not be assigned or sublet by Lessee without the consent of Lessor in writing. 3. Lessee agrees to make improvements to the leased premises, subject to the prior approval of the City Manager of Lessor, upon completion of which said City Manager shall determine the value of said improvements based upon Lessee's costs. Should Lessee's right to occupy the leased premises be terminated for any reason other than violation of the terms of this lease or any renewal thereof before March 31, 2001, - 1 - Exhibit "All Lessee shall be given a credit against Lessee's required payments to Lessor under the contract with Lessor for use of Fair Park for the South Texas State Fair. Such credit shall be equal to 1/20th of the value of the improvements as determined by the City Manager multiplied by the years or major portions thereof between such termination date and March 31 , 2001. 4. Subject to the credit provided in Paragraph 3 hereof Lessee, at the expiration of this lease or any renewal thereof, agrees to quit and surrender the said premises in as good condition as the reasonable use and wear thereof will permit, and shall remove therefrom any and all personal property belonging to Lessee. 5. Lessee shall have installed, at its sole expense, a separate electric meter for metering use of electricity on the leased premises. Lessee shall be responsible for all charges for water, gas, telephone, and electricity used upon the leased premises. Lessee shall be responsible to keep said building in good repair at all times, including air conditioning and heating systems, lighting, electrical and plumbing systems, roof, walls, doors, and windows. Lessee will be responsible for all janitorial services on the leased premises. Lessor will not be responsible for any cost or expense associated with the leased premises. 6. If said building and premises shall, during the term of this lease, be slightly damaged by fire or other cause or causes, same shall be repaired within a reasonable time by Lessor. But if said building and premises be so damaged by fire or other cause as to require same to be substantially rebuilt, or be so damaged as to render said premises unfit for occupancy, then at the option of Lessor either the terms of this lease shall cease and be void and rent hereunder shall be paid only to the date of such damage or premises may be rebuilt with rental to be paid as agreed upon by Lessor and Lessee. - 2 - P 7. Lessee convenants and agrees to indemnify, save and keep harmless Lessor, The City of Beaumont, against all liability, claims, judgments, damages, costs and expenses, or injuries to persons or property arising out of or incident to the occupancy of the premises by Lessee during the term of this lease, including such claims, judgments, damages, and costs as are the result of Lessor's own negligence, and Lessee agrees to indemnify Lessor against any and all court costs, attorney's fees, and any other expense in connection with suits for such damage or injuries. 8. The violation by Lessee of any of the terms or conditions of this lease contract shall give Lessor the right at its option to cancel said lease contract. EXECUTED in duplicate originals by Lessor, acting herein by and through its City Manager, hereunto duly authorized, and Lessee acting herein by and through its President, hereunto duly authorized. THE CITY OF BEAUMONT ATTEST: By: City Manager LESSOR City Clerk THE YOUNG MEN'S BUSINESS LEAGUE OF BEAUMONT, TEXAS ATTEST: By: President LESSEE Secretary - 3 -