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201106937
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Last modified
10/9/2011 10:52:19 PM
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9/20/2011 8:40:44 AM
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DEEDS
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201106937
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�o�ioss3� <br />2 0041�2�7 <br />ment related to the Project resulting from the resolution of a dispute with a contractor or supplier <br />or resulting trom any judgment, claim or liability related the Project in escess of funds in the <br />construction fund and from Other Funding Sources shall be paid by the City as additional rent <br />The City shall take possession of the Project upon issuance of certificate of substantial <br />completion by the project arclutect; provided, there are no unresolved disputes with any coa- <br />tractor or supplier concerning the Project. <br />1.3 Paragraph 9. of the Lease Purchase Agreement is hereby amended to read as <br />follows: <br />9. COVENANTS OF CITY. The City covenants that it is a city of the first class of <br />the State of Nebraska, orgamized under Neb. Rev. Stat.. Chapter 16, as amended, with full and <br />lawful power and authority to enter into this agreement as a lease pursuant to Neb. Rev. Stat. <br />� 19-2421 and that it has taken all actions necessary to lawfully enter into this agreemen� The <br />City covenants that the lease rentals payable under this Agreement do not exceed any limitation <br />imposed by law. <br />The City covenaats that it will take action to apply for a grant of assistance from the <br />Locai Civic, Cultival and Convention Center Financing Fund and take all actiQn necessary under <br />the Local Civic, Culturai, and Convention Center Finaucing Act at Neb. Rev. Stat. §§13-2701 to <br />13-2710 in regard to such application for grant of assistance. Any grant of assistance received by <br />the City under the Local Civic, Cultiu�at, and Convention Center Financing Act at Neb. Rev. Stat. <br />§§13-2701 to 13-2710 shall he considered part of the commitments for all costs of the Project <br />from Other Funding Sources under Paragraph 3.a. of tlus Agreement. Any grant of assistance <br />received by the City under the Local Civic, Cultural, and Convention Center Financing Act at <br />Neb. Rev. Sta� §§ 13-2701 to 13-271 U shall be paid to Heartland to be deposited with the Other <br />Funding Sources or, with the consent of Heartland, paid directly as designated by Heartland for <br />the cost of the construction of the Project. <br />The City covenants that throughout the terrn of this Agreement it will observe all taxa- <br />rion, budget and spending limitations now or hereafter imgosed by law. The City covenants and <br />agrees that it shall levy and collect aanually taxes, which may be either ad valorem taxes upon all <br />the taxable property in the City uader Neb. Rev. Stat., § 16-702 (as now or hereafter amended or <br />any successor statutory provisian thereto) or sales and use taxes under Neb. Rev. Stat. §§77- <br />27,142 to 77-27,148 (as now or hereafter amended or any successor statutory provisian thereto) <br />sufficient in rate and amount to pay the basic rents and all additional rent due hereunder. <br />Receipts from such taxes in each year sufficient to pay the basic rent due hereunder shall be <br />placed in a separate account of the City's general fund or otherwise segregated and applied to <br />make the payments of basic rent due hereunder. The City covenants to include each fiscal year <br />during the term of this Agreemeat in its annual bud�et appropriations sufficient to pay the <br />amounts due hereunder during each budget year on the understanding that such cornmitment is a <br />conrinuing contractual obligation of the City and not subject to discretion as to each such year, <br />all in accordance with the authorization for contractual commitments set forth in Neb. Rev. Sta�, <br />� 19-2421. <br />
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