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R2000-246 AUTHORIZING EXECUTION OF AGREEMENT
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R2000-246 AUTHORIZING EXECUTION OF AGREEMENT
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3/24/2016 4:46:06 PM
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3/24/2016 4:46:05 PM
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Resolution/Ordinance
Res Ord Num
R2000-247
Res Ord Title
AUTHORIZING EXECUTION OF AGREEMENT - DECATUR PUBLIC LIBRARY
Approved Date
12/4/2000
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. additional insured. Lessee shall be responsible for and carry insurance for window <br /> glass in the Leased Premises. <br /> I � <br /> Lessor s ResponsibiliEy. Lessor shall from the time of the execution of this <br /> agreement and throughout the term of this Lease, at Lessor's sole expense, carry and <br /> maintain comprehensive general public liability and property damage insurance <br /> with liability limits of not less than $500,000.00 per person and $1,000,000.00 per <br /> occurrence, and property damage limits of not less than $500,000.00 per occurrence, <br /> insuring against all liability of Lessor arising out of and in connection with Lessor's <br /> interest in and to the Leased Premises. Such insurance shall name Lessee as an <br /> additional insured. In addition, Lessor, at Lessor's sole expense, shall carry <br /> insurance against perils customarily included within all-risk and fire and extended <br /> coverage on the Leased Premises, in an amount equal to the full replacement value <br /> thereof, excluding any value attributable to fixtures or personal property of Lessee. <br /> The insurance policy shall be issued in the name of Lessor and Lessee as their <br /> interests appear. Lessor will satisfy these insurance requirements through the City ' <br /> of Decatur's self insurance program. �I <br /> General Requirements. All insurance required pursuant to this Lease shall: (i) be I <br /> issued by responsible insurance companies authorized to do business in the state in <br /> which the Leased Premises is located; and (ii) contain an endorsement requiring <br /> thirty (30) days prior notice from the insurance company to both parties before <br /> cancellation or change in the coverage, scope or amount of any policy. Each policy <br /> to be obtained by a party hereunder, or a certificate of the policy, shall be deposited <br /> with the other party to this Lease at the commencement of the term hereof, and on <br /> renewal of the policy not less than thirty (30) days before expiration of the term of <br /> the policy. All policies carried by Lessee may contain Lessee's standard deductibles <br /> and rriay be in one or more blanket, umbrella or excess liability policies covering <br /> other locations and activities. <br /> XVI. HOLD HARMLESS <br /> Both Lessee and Lessor agree to indemnify and save harmless the other from and <br /> against all claims of whatever nature arising from any act of omission or negligence <br /> oE the other's agents, servants, or employees, or to the property of any person, <br /> occurring during the term hereof in or about the Leased Premises, unless such <br /> claims arise from any act, omission, or negligence of the other, the other's agents, <br /> servants, or employees. This indemnity and hold harmless agreement shall include <br /> indemnity against all reasonable costs, expenses and liabilities incurred in or in <br /> connection with any such claim proceeding brought thereon, the reasonable expense <br /> of investigating the same and the defense thereof. <br /> XVII. ASSIGNMENT <br /> Lessee agrees not to assign or in any manner transfer this Lease or any interest <br /> hereuncier, and hirther agrees not to sublet the Leased Premises or any portion <br /> thereof without the previous written consent of the Lessor in each instance. <br /> t- <br /> -6 - <br />
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