1964-03-23 Regular Meeting - Laserfiche WebLink

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W line of said out-fall ditch to the~uth 172 lin~f said Airport; THENCE, in a Westerly direction along the North line of Spencer Highway and the South line of said Airport a distance of approxi- mately 965 feet to THE PLACE OF BEGINNING, upon the following terms, conditions and agreements hereinafter con- tained: I. The term of this lease is from the date of this instrument and ending on the same day of July, A. D. 1997. II. As rent for the use and occupancy of the leased premises, Lessee hereby agrees, binds and obligates itself to pay unto the City the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable consideration; and, the sum of One Thousand Dollars ($l, 000.00) • shall be paid annually, in advance, for the years 1966, 1967, 1968, 1969 and 1970, beginning in July of each of such years, such annual install- ments to become due and payable on or before the same day in the month of July of such years as this lease is dated; Annual installments in the sum of Eleven Hun- dred Dollars ($1100.00) each shall be paid, in advance, for the years 1971, 1972, 1973, 1974 and 1975, beginning in July of each of such years, such installments to become due and payable on or before the same day in the month of July of each of such years as the prior rental install- ments ; Annual installments in the sum of Twelve Hun- dred Ten Dollars ($1210.00) each shall be paid, in advance, for the years 1976, 1977, 1978, 1979, and 1980, beginning in July of each of such years, such installments to become due and payable on or before the same day in the month of July of each of such years as the prior rental install- ments; • Annual installments in the sum of Thirteen Hun- dred Thirty-one Dollars ($1331.00) each shall be paid, in advance, for the years 1981, 1982, 19$3, 1984, ~.nd 1985, be~i~~,nin~ iii July of each of such years, such installments to become due and payable on or before the same day in the month of July of each of such years as the prior rental installments;