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R2016-35 AUTHORIZING REAL ESTATE TRANSFER 130 North Franklin
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R2016-35 AUTHORIZING REAL ESTATE TRANSFER 130 North Franklin
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Last modified
5/16/2016 1:23:04 PM
Creation date
4/5/2016 4:42:05 PM
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Resolution/Ordinance
Res Ord Num
R2016-35
Res Ord Title
AUTHORIZING REAL ESTATE TRANSFER FOR PROPERTY LOCATED AT 130 NORTH FRANKLIN STREET DECATUR, ILLINOIS
Approved Date
4/4/2016
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as to amount practically to the total desUuction of the Leased Prernises, thc procectis uf insurance <br /> c�n the Leased Premises payable by reason of such destruction shall be paid to the City, this Leasc <br /> shail terminate and the rent shal]be apportioned to the time r�f the darnage. The City shall use all <br /> of the insurance proceeds payablc by rc;as�n of such destruction ta aequire and construct <br /> replacement library space. The Library shall have the right to reasonably concent t�the locati�n, <br /> size, layout, and configuration of the replacement space and parking area. Tt�e Library shail nat <br /> unreasonably withhold its consent. In all other cases where the I,eased Premises is dama�ed by <br /> fire or other casualty without the fault or negligence of the Library, its agen��, at�icers flr <br /> employees, the proceeds of insurance on the Leased Premises payable by re�a�an of such <br /> destruction shall be paid to the City,the City shall repair the damage with reasonable dispatch and <br /> if the damage has rendc,�red the Leased Premises untenantable, in whote or in part, there shall be <br /> an appc�rtionrnent of the rent until the damage has been repaired. All repairs by ihe City shall be <br /> pr�mptty made with materials of like quality to the original work. In case of damage by fire or <br /> �ther casuahy to the Leased Premises due to the fault �r negligence of the Library, its agents, <br /> officers ar employees,this I.ease shall continue in full force and effcct,w7thaut abatement of rent, <br /> a�zd the Library shall repair the damage with reasonable dispatch and to the Cit}'s reasonable <br /> satisfaction. ln determining what canstitutes reasonable dispatch, considcration shall be given to <br /> dclays caused by strikes,adjustment of insurance, and other causes beyond the partv's cantrol. <br /> J. SignageiAccess. T}ie Ciiy shall provide signage for the Decatur Public Library <br /> identifying and directing users of the Library in a clear and visible mann�.�r. <br /> K. Quiet Enjoyment. The City wairants that it has the full right and power to execute and <br /> perfazm this Lease and to grant and convey the estate demised herein and the Library warrants that <br /> its has the full right and power to execute and perform this Lease The City further warrants that <br />
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