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RES 87418
City of Pleasanton
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RES 87418
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10/26/2017 4:23:58 PM
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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unreasonably withheld; provided such subletting shall not <br />affect the tax-exempt status of the interest components of the <br />Base Rental payable by the City hereunder. No such mortgage, <br />pledge, assignment, sublease or transfer shall in any event <br />affect or reduce the obligation of the City to make the Base <br />Rental and Additional Rental payments required hereunder. <br /> <br /> Section 19. Title to Capital Projects I and II. <br /> <br /> Title to Capital Projects I and II and all <br />structural additions thereto shall remain in the Corporation <br />during the term of this Lease. Title to all fixtures added to <br />Capital Projects I and II pursuant to the fifth paragraph of <br />Section 5 of this Lease and to all personal property placed in <br />or about Capital Projects I and II by the City shall remain in <br />the City. This provision shall not operate to the benefit of <br />any insurance company if there is a rental interruption <br />covered by insurance pursuant to Section 9 hereof. <br /> <br /> Upon the termination or expiration of this Lease <br />(other than as provided in Sections 11 and 12 hereof), title <br />to Capital Project I shall vest in the City pursuant to the <br />Site Lease and title to Capital Project II shall vest in the <br />City pursuant to the Deed of Gift. <br /> <br /> Section 20. Abatement of Rental. <br /> <br /> Except to the extent of amounts held by the Trustee <br />in the Lease Fund or in the Certificate Reserve Fund or <br />otherwise available to the Trustee for payments in respect of <br />the Certificates, the rental shall be abated proportionately, <br />during any period in which by reason of any damage or <br />destruction (other than by condemnation which is hereinbefore <br />provided for) there is substantial interference with the use <br />and occupancy of the Demised Premises and Capital Projects I <br />and II by the City, in the proportion in which the initial <br />cost of that portion of the Demised Premises and Capital <br />Projects I and II rendered unusable bears to the initial cost <br />of the whole of the Demised Premises and Capital Projects I <br />and II. Such abatement shall continue for the period <br />commencing with such damage or destruction and ending with the <br />substantial completion of the work of repair or <br />reconstruction. In the event of any such damage or <br />destruction, this Lease shall continue in full force and <br />effect and the City waives any right to terminate this Lease <br />by virtue of any such damage or destruction. <br /> <br /> Section 21. Law Governing. <br /> <br /> This Lease shall be governed exclusively by the <br />provisions hereof and by the laws of the State of California <br />as the same may from time to time exist. <br /> <br /> F-27 <br /> 1456S <br /> <br /> <br />
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