HomeMy WebLinkAbout1969-015 Lease - Recreation Comm MODIFICATION OF LEASE
THIS MODIFICATION OF LEASE, made and entered into this /~ _2~
day of .~~ , 19~, by and between the CITY OF ASHLAND, a
,
municipal corporation of the State of Oregon, hereinafter known as
the Lessor, and the PUBLIC RECREATION COMMISSION, hereinafter known
as the Lessee~
WITNESSETH ~
WHEREAS, there was heretofore executed on the 21st day of May,
1968, a lease between the Lessor herein and the "Ashland Park and
Recreation Commission"~ as Lessee~ and
WHEREAS, although the membership of the Ashland Park Commis-
sion and the Public Recreation Commission created under the pro-
visions of Ordinance No. 1059 are at this time the same individuals,
and
WHEREAS, in the event the individuals for both bodies are not
the same in the future, it is desirous to have the lease With the
Public Recreation Commission solely, anti
WHEREAS, it is desirous to extend the aforementionedi lease
and to allow subleases subject to the approval of both the Public
Recreation Commission and the Common Coun¢ii~
NOW~ THEREFORE~ for and in consideration of the covenants and
conditions as hereinafter stated, it is hereby aqreed that the
aforementioned lease be, and the same hereby is, modified as
follows:
I.
It is hereby agreed and understood that the Lessee under the
aforementioned lease and as modified herein shall be the Public
Recreation Commission created under the terms and provisions of
Ordinance No. 1059.
II.
It is agreed and understood that paragraph II of the afore-
mentioned lease be, and the same hereby is, modified to read as
follows, to-wit..
"II.
That said lease shall be for the consideration
of One Dollar ($1.00) per year payable on or before
the 1st day of June of each year and said lease shall
be for a period of ten (10) years commencing with the
1st day of June, 1968, and terminating on the 1st day
of June, 1978."
III.
It is agreed and understood that paragraph VI of the afore-
mentioned lease be, and the same hereby is, modified to read as
follows, to-wit:
"VI.
The Lessee shall not assign any interest in
said lease or sublease any of the premises, but shall
have the right to ~rant licenses to third persons or
organizations for the use of any portions of said
premises provided that Lessee shall have the ri_~ht tO
revoke any of said licenses upon giving the licensee
not more than sixty (60) days written notice of revoca-
tion. Provided, however, that the Lessee shall have
the right to partially assign or sublease any portion
of the premises described in this lease for periods up
to the termination of this lease subject to the approval
of the Common Council.
IV,
It is agreed and understood that each term and condition of
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of the aforementioned lease shall remain in full force and effect
except as specifically modified herein.
IN WITNESS WHEREOF, the parties hereto have hereunto set
their hands and seals on the date in this agreement first written.
CITY OF ASHLAND
~4a ye r
Attest:
Recorder
LESSOR
PUBLIC RECREATION COMMISSION
LESSEE
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