R-1986-12 - Laserfiche WebLink

Browse Search

e e the prior approval by the Commissioners Court of County. City and its concessionaires shall post a schedule of such fees, rates and prices at all times in a conspicuous place on the premises. III The above indicated payments shall be due and paid by City to the County annually, on or before the l5th day of February of each year following each calendar year during which this agreement is in effect for the whole calendar year or any portion thereof. Provided, however, that the payment for the first two years of the term of this agreement shall be due and paid by City to the County on~r before the l5th day of February following the second calendar year during which this agreement is in effect for the whole calendar year or any portion thereof. During the forty year term of this agreement, City shall be allowed as a credit against the annual rent due the sum of one-fortieth (lj40th) of the amount expended by City in making the necessary restoration and repairs to the existing pavilion building, during the first twenty (20) months of the term hereof, as provided in Paragraph IV below. In the event the credit in the amount of the said one- fortieth (lj40th) of the amount expended by the City in making the necessary restoration and repairs to the existing pavilion building, as set out in Paragraph IV below, exceeds the amount of rent for such calendar year, or portion thereof, the County shall have no obligation to pay the difference to the City, and such calculation shall be made each year during the term of this agreement, without regard to the amount of rent for any prior or subsequent year. If this agreement is terminated or expires at any time other than at the end of a calendar year, the payment for that portion of the calendar year shall be due and payable within forty-five (45) days after such termination or expiration. All late payments will bear interest at the maximum legal rate of interest. '" IV Within l80 days of the date of execution of this agreement, City shall commence the following restorations and repairs of the pavilion building and will proceed diligently until completed, and will complete said restorations and repairs not later than twenty (20) months from the date of commencement of the term of this agreement. a. Clean the sump pumps, the pump house, and the sump lines and restore same for proper use; b. Replace any steel beam and column in need of re- placement; c. Restore the lower level entry of the pavilion building to original condition; d. Grout the concrete beams where steel rebars are exposed;