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79005189
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Last modified
1/13/2010 3:45:03 AM
Creation date
1/13/2010 3:44:28 AM
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DEEDS
Inst Number
79005189
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Canstrr~~ction Agen*_, Lessee shall perf~~r,rn~ anel ex.ercase al.:~. ~:ra~ta7:or-- <br />~~ hies, discretions, and elections of the ow_~er under the coristruc- <br />Lion contracts, including the making of changes, amendments, and <br />additions therein and thereto; shall supervise the construction, <br />ac uisition, and the completion of the Project; and shall direct <br />ss q <br />r= <br />the Trustee to make disbursements from the 19?9 Construction Fund <br />as provided in the Resolution. Lessee expressly agrees and under- <br />stands that nothing herein contained shall obligate P_uthority to <br />purchase or pay for or become obligated for, and Lessee shall <br />have no authority to obligate Authority to purchase or pay for, <br />anything whatsoever out of funds other than those in the 1979 <br />Construction Fund. <br />Section 4.4 P.11 buildings, improvements, and works per- <br />formed or in progress upon execution hereof and all work and <br />materials located on the Site or ir. the Froject as the work pro- <br />gresses or is completed and any equipment which under this Agree- <br />went becomes or is deemed to be a part of the Project shall become <br />the property of Authority immediately when erected or installed, <br />except as is provided in Section 4.7 hereof. <br />Section 4.5 Lessee hereby warrants that the construction <br />and completion of the Project in accordance with the terms of this <br />Lease Agreement will, together with any furniture, equipment. and <br />^ther ^~,-~^^~t nrpperty provided by Region III at its own expense, <br />result in a facility for the treatment, including training and re- <br />habilitation of mentally ill, retarded, and disabled persons, for <br />use by Lessee and Region III. Lessee further covenants and agrees <br />that it will provide from time to time (or cause to be provided) <br />at its owr= expense and cause to be installed in the Project, all <br />such furniture, equipment, and other personal property as may be <br />necessary to assure that the Project becomes a fully operational <br />__ facility as contemplated by the plans and specifications and this <br />Agreement. <br />Section 4.6 Lessee agrees that it shall require the <br />general contracto. for construction of the Project to furnish a <br />performance bond-and labor and materials payment bond in the full <br />amount of such contract, made by the contractor as the principal <br />-ll- <br />
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