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Agenda - 11-19-1996 - 8g
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Agenda - 11-19-1996 - 8g
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Last modified
11/14/2013 4:37:51 PM
Creation date
11/14/2013 4:37:47 PM
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BOCC
Date
11/19/1996
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8g
Document Relationships
1996 S Lease with Builders' Supply & Lumber Company Inc
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\1990's\1996
Minutes - 19961119
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1996
RES-1996-059 Resolution approving a Lease Agreement between Orange County and Builders' Supply & Lumber Company, Inc.
(Linked From)
Path:
\Board of County Commissioners\Resolutions\1990-1999\1996
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�0 <br /> renewed or replaced. The insurance herein required may be <br /> contained in blanket policies now or hereafter maintained by <br /> Tenant. In the event Tenant shall fail to maintain the full <br /> insurance coverage required by this Lease or shall fail to keep <br /> the Premises in as reasonably safe condition as its operating <br /> condition will permit, or shall fail to keep the structures <br /> located on the Premises in good repair and good operating <br /> condition, Landlord may, but shall be under no obligation to, <br /> take out the required policies of insurance and pay the premiums <br /> or make the required repairs, renewals and replacements. All <br /> amounts so advanced therefore by Landlord shall become additional <br /> rent, which amounts, together with interest thereon at the rate <br /> of ten percent ( 10%) per annum from the date thereof, shall be <br /> paid by Tenant upon demand by Landlord. <br /> 7 . Damage, Destruction and Condemnation. <br /> a. If any structure located on the Premises is <br /> destroyed (in whole or in part) or is damaged by fire or other <br /> casualty to such extent that the claim for loss, under the <br /> insurance policies required to be carried by this Lease, <br /> resulting from such destruction or damage is not greater than <br /> $100,000, Tenant (i) will promptly repair, rebuild or restore the <br /> property damaged or destroyed to substantially the same condition <br /> as it existed prior to the event causing such damage or <br /> destruction, with such changes, . alterations and modifications <br /> (including the substitution and addition of other property) as <br /> may be desired by Tenant and as will not impair operating unity <br /> or productive capacity or the character of the Premises as a <br /> manufacturing plant, and (ii) will apply for such purpose so much <br /> as may be necessary of any Net Proceeds of insurance resulting <br /> from such claims for losses, as well as any additional moneys of <br /> Tenant necessary therefor. All Net Proceeds of insurance <br /> resulting from such claims for losses not in excess of $100,000 <br /> shall be paid to Tenant. <br /> If the Premises is destroyed (in whole or in part) or is <br /> damaged by fire or other casualty to such extent that the claim <br /> for loss under the insurance policies required to be carried by <br /> this Lease hereof resulting from such destruction or damage is in <br /> excess' of $100,000, Tenant shall promptly give written notice <br /> thereof to Landlord. All Net Proceeds of insurance resulting <br /> from such claims for losses in excess of $100,000 shall be <br /> received by Tenant, in trust, and applied by Tenant promptly to <br /> repair, rebuild or restore the portion of the Premises damaged or <br /> destroyed to substantially the same condition as it existed prior <br /> to the event causing such damage or destruction, with such <br /> changes, alterations and modifications (including the <br /> substitution and addition of other property) as may be desired by <br /> Tenant and as will not impair operating unity or productive <br /> capacity or the character of the Premises as a manufacturing <br /> plant. In the event said Net Proceeds are not sufficient to pay <br /> in full the costs of such repair, rebuilding or restoration, <br /> Tenant will nonetheless complete the work thereof and will pay <br /> 9 <br />
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