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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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8/29/2016 10:02:21 AM
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8/29/2016 10:02:19 AM
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Resolution/Ordinance
Res Ord Num
86-35
Res Ord Title
PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT PAYABLE UNDER A LEASE ENTERED INTO AMONG THE DECATUR PUBLIC BUILDING COMMISSION, THE COUNTY OF MACON, AND THE CITY OF DECATUR...
Approved Date
5/12/1986
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such maintenance, operation, upkeep and safekeeping, all at the <br /> expense of the City and the County and without right of <br /> reimbursement from the Commission therefor. Neither the City nor <br /> the County shall make any substantial structural improvements to <br /> the Project without the prior written consent of the Commis- <br /> sion. The City or the County shall each year during the term of <br /> this Lease include in their respective annual budgets, and <br /> thereafter make provision in their respective annual levies of <br /> taxes, for all amounts necessary for the payment of all costs of <br /> the maintenance, operation, upkeep and safekeeping of those <br /> portions of the premises occupied by themselves, and necessary to <br /> preserve, protect and safeguard the leased premises so that the <br /> same will continue to .adequately serve the uses for which the <br /> same is intended. All insurance policies required by the Bond <br /> Resolution shall name the County, the City and the Commission as <br /> insured parties as their respective interests may appear . <br /> Notwithstanding the foregoing provisions, the Commission, the <br /> County or the City may institute and maintain actuarially sound <br /> and provident self-insurance programs with regard to such risks <br /> as shall be consistent with the recommendations of a qualified <br /> and nationally recognized insurance consultant. <br /> B. If at any time the rent payable under this Lease is <br /> insufficient to pay the costs of operating and maintaining the <br /> Commission and the Project and to maintain the funds created <br /> under the Bond Resolution in the amounts required therein, then, <br /> upon receipt of a written demand of the Commission, the City and <br /> -14- <br />
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