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2o��os93� 2 004i�247 sny way. The net award or paymenc for such caking shall be paid �o the City and neither Heartland nor che Trustee shali have any claim co such award or payment. The proceeds of any such ativard shall be appiied by the Cicy ro the construction of a replacement taciIity comparable to the Projec� '_8. GOVER.N�vCE OF EIE�RTL.�YD. During the term of this :�,reement and any management caatract between the City and Heartiand for r.he Project. Heartland shall be governed bv a Board of Director:� �ansisrin� of not Iess than five persons, ane of whom is to be n�mcnaced bv the :vtayor ot the C:ity anci a!i or which shalI be subteet �o annual approval by the vtavor :ind Cicy C�unci� and removai for cause. Pnor to ti�e issuance oF the Building Bonds, ttie City shall apgrove Heartland as then exist�n� consistent with the requizements of Rev. Proc. 32- �6 and the :articles of incorporation and Bylaws of Heartland may not thereafter be �nended without the consent �f the City so lon� as any of the Building Bonds cemain autstanding pm- videci that no such amendment shall be made w'ch �vould have the effect c�f causing the interest on the Building Bonds to be includabl� in �oss income under the C�de, ?9. DEFAULT PROVISIONS. .�1ny default in the due and punctual payment of basic rent by the City shatl be enforceable against the City only by direct proceedin;s against the City by the Tnzstec for rhe collecrion af the same and without any right of acceleration of pay- ments of basic rent. Any orher default in per#ormance by the City shall be enforceable by Heartland anly by proceedings for injuncrion or other equitable relief and so long as the Building Bonds remain ouutanding, it being understood and acknawledaed that such limitations aze entered into for the benefit of the registered. owners of the Building Bonds and to induce the pur- chase of the Buildiag Bonds. 30. YONR,ENEWAI. QR E`CTENSION. The parties agree that upon payment irr full by the City of atl basic rent, tzansfer of title of the Project firom Heartland ta the City shall be made by Heartland to tlze Ciry and thereupon this Ag�reement shatl ternunate. 3I. TERM OF �+iGREEVIEYT. The term of this :�greement shall be deemed to commence ugon apgroval and execurion by the City and Heartland and shall end at such tirne the Building Bonds are no lon�er outstanding and thereupon transfer of title to the Project by Heartland to the City sha11 be made. Dated: �C, rr 9 , 2001. ATTEST: �a1 \ ae.. (.�.1, c�:n,�. Racv'ae Edwards. City Cierk CITY {)F GR�ND ISL.Ai�TD, �JEBR.aSKKc�„ By: -�� Kzn adt, : ayo I'