HomeMy WebLinkAbout0204 • • \ ~ '
1~IINERAL to keep tlee pren:ises in good condition urul repuir. MINERAL sha11
carry prrbtic liability insura~ice in the surn not less than $300, 000/~500, 000
covera~e to protect CITY from a~ry claims whatsoever which »tay arise from the
use of said pren:ises by MINERAL,
4. NIINERAL shall permit CITY and its agents to enter into and upon ~
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said preinises at all reasonable times to make any improvements of CITY'S
port facilities or repairs and maintenance to said facilities.
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5. CITY reserves the right to use its diesel fuet pumping operation in
connectzon with CITY'S elecirical power plan~ and any dieset fuel installations -
~ per»ianently located at said p~emises.
6. This lease is given subject to the rights of SINCLAIR REFIIVING
CO~tiiP~NY under tliat certain agree~nent dated February 9, Z950, by arul beiween
CITY and SINGLAIR REFINING COMPANY to use the facilities of the leased
pre~nises for ficet delivery to SI~VCLAIR REFINING COMPANY'S bulk plant.
7. This lease is given st~bject to the use of the demised premises by
CITY arul SINCLAIR REFIIVING COMPANY for the discharge of fuet used by
said CITY and SINCLAIR REFIIVING COMPAIVY, anai as a consequence thereof
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CITY through its City Manager shatl have the authority to schedute shipping '
~ operations of MINERAL'S use of the demised premises and agrees that it shall
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f use its best efforts in such schedule operation to meet the requirements of
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~ MINERAL as .to the use of the demised irremises in ord.er not to hinder or
interrupt NIINERAL'S shipping operat~ion.
8. ~YIINERAL shatl have the option to renew this lease far a period of
fiue (5) years upon the same ter»zs and condi~ions by giving t+v CITY rrinety (90)
days' wyitten notice of its inteni~ion to exercis~e said opiion. In the event
:~II~VERAL exercises this option to renew, then at the expiration of the first
~ optio~: leuse period li~1INERAL shall have the right of~irst option to renew the
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lease for un additionat ten (10) years on terms ar~d conditions mutuatly negotiated
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by tlae CITY ~rrd MINERAL, upon MI11lERAL'S giving CITY mnety (90) days'
~ notice in writing of its intention to exercise its first option to renew said lease.
9. This lease is given subject to the port facility which is the si~bject
matter of lhis leuse being moved lo unother area, in which event the ter»ts of
tlus leuse would appty to urry such new area, if mutually agreeabte to MINERAL
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urul CI T Y. f~IC P~ .`~4 ~
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