1964-03-23 Regular Meeting - Laserfiche WebLink

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• • 173 Annual installments in the sum of Fourteen Hundred Sixty-Four Dollars ($1464.00) each • shall be paid, in advance, for the years 1986, 1987, 1988, 1989 and 1990, begimzing 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 installments; Annual installments in the sum of Sixteen Hundred Ten Dollars ($1610.00) each shall be paid, in advance, for the years 1991, 1992, 1993, 1994 and 1995, 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 installments; The final installment of rent in the amount of Seventeen Hundred Seventy-one Dollars ($1771.00) shall be due and payable on the 4th day of July, 1996. III. Failure to pay any one or more of said installments, • of rent when due or within sixty (60) days after the same shall be- come due, shall terminate this lease at the option of the City. IV. This lease is made subject to all of the terms, agree- menu and conditions contained in that certain Deed from the United States of America, acting by and through War Assets Administrator, dated the 4th day of June, A. D. 1947. V. Lessee shall have the right to maintain on said field and within the limits above described, a F. A. A. certified training school, and to carry on commercial air activities such as charter plane ser- vice for both cargo and passengers, sightseeing tours, repair and • maintenance shops for aircraft, sale of aircraft, storage of aircraft, and the like; and, for carrying on these activities, it is understood and agreed that Lessee shall have the right to all necessary but not exclusive use of all landing strips for the take -off and landing