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6097 (EXHIBIT A - E)
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6097 (EXHIBIT A - E)
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Last modified
12/6/2004 2:47:13 PM
Creation date
11/5/2014 12:21:26 PM
Metadata
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Template:
City Ordinances
Passed
2/10/1997
Ordinance Number
0
Bill Number
8316
Introdate
1/27/1997
Description
APPROVING DELIVERY OF $1,425,000 PRINCIPAL AMOUNT OF CERTIFICATES OF PARTICIPATION TO PAY FOR NEW PARKING GARAGE CONSTRUCTION
Introduced By
MUNKEL
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the aforesaid construction and installation will, with such changes and additions as may be made <br />hereunder, result in Leased Propert), suitable for use by the Lessee. <br /> <br /> (b) The Lessee shall have and keep on file and available for inspection by the Lessor copies <br />of the Plans and Specifications, the Construction Contracts, all policies of insurance with respect to the <br />Project required by this Lease and all other documents executed by or furnished to the Lessee in <br />connection with the acquisition and construction of the Project, throughout the Lease Term, or as soon <br />after the commencement of the Lease Term as such documents become available to the Lessee. Neither <br />such documents nor any change or amendment thereto may (i) cause the Project to be used for any <br />purpose prohibited hereby or by the Constitution and laws of the State; (ii) result in a material reduction <br />in the value of the Project; or (iii) adversely affect the ability of the Lessee to meet its obligations <br />hereunder. <br /> <br /> Section 4.03. Deficiency of Construction Fund. If the money in the Parking Account or the <br />Retail Space Account of the Construction Fund is insufficient to pay fully all Costs of the Project which <br />are to be paid from each such account and to complete fully the Project lien free, the Lessee shall pay, <br />but only from legally available funds, the full amount of any such deficiency by making payments <br />directly to the contractors for the Project and to the suppliers of materials and services as the same <br />become due; provided that the Lessee's obligation to pay any such deficiency will be limited to its <br />current budgeted appropriations for the Project, and the Lessee will have no obligation to appropriate <br />additional funds therefor. <br /> <br /> Section 4.04. Tax Covenants. The Lessee covenants for the benefit of the purchasers and <br />Owners of the Certificates from time to time Outstanding that so long as any of the Certificates remain <br />Outstanding, it will not take any action or permit any action to be taken or omit to take any action or <br />permit the omission of any action reasonably within its control which action or omission will cause the <br />Certificates to be "arbitrage bonds" within the meaning of Section 148 of the Code, which will cause the <br />Certificates to be subject to treatment under Section 141 of the Code as "private activity bonds," or <br />which will cause the Interest Component of Base Rentals to be included in gross income for federal <br />income tax purposes or otherwise adversely affect the exclusion of the Interest Component of Base <br />Rentals from federal and State of Missouri income taxation. This covenant will survive the termination <br />of this Lease and the Indenture. <br /> <br />ARTICLE V <br /> <br />MAINTENANCE AND OPERATION <br /> <br /> Section 5.01. Maintenance and Operation. The Lessee shall, at its own expense, maintain, <br />manage and operate the Leased Property and all improvements thereon in good order, condition and <br />repair, ordinary wear and tear excepted. The Lessee shall provide or cause to be provided all security <br />service, custodial service, janitor service, power, gas, telephone, light, heating, water and all other public <br />utility services. <br /> <br />Section 5.02. Care of the Leased Property. <br /> <br /> (a) The Lessee shall take good care of the Leased Property, fixtures and appurtenances, and <br />suffer no waste or injury thereto, ordinary wear and tear excepted. The Lessee will repair all damage to <br />the Leased Property, its fixtures and appurtenances due to any act or omission or cause whatsoever. <br /> <br />-9- <br /> <br /> <br />
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