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ORANGE COUNTY CIVIC CENTER AUTHORITY - 1966
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ORANGE COUNTY CIVIC CENTER AUTHORITY - 1966
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Last modified
6/10/2014 5:45:43 PM
Creation date
6/21/2011 8:06:11 AM
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Contracts
Company Name
ORANGE COUNTY CIVIC CENTER AUTHORITY
Contract #
A-1966-001
Agency
COMMUNITY DEVELOPMENT
Expiration Date
1/1/2016
Destruction Year
2020
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1/17/66 <br />6 <br />SF:oziory 8. Tease and Operation hJ Cites. <br />The Authority shall execute a lease to City of the property to be <br />conveyed by the City to Authority pursuant to this Agreement for a <br />consideration of $1.00 per year and for the same terra as this Agree- <br />ment, but City shall manage, maintain and operate said property so <br />leased and shall have the right during the period of said lease to add <br />to, extend or construct in said area so leased any and all buildings, <br />structures or facilities in said area for use of City. Upon the request <br />of City and upon appropriate amendment of the lease so that the lease <br />furnishes adequate security for the bonds to be issued by Authority, <br />Authority shall acquire and construct on said property such public <br />buildings as are described in said lease amendment. <br />Si�:ezrosv 9. Lea -se anal Operation, by <br />Coicvtt,r /. <br />The Authority shall execute a lease to County of the property to <br />be conveyed by the County to Authority pursuant to this Agreement <br />for a consideration of $1.00 per year and for the same terrn . as this <br />Agreement, but County_ shall manage, maintain and operate said <br />property so leased and shall have the right during the period of said <br />lease to add to, extend or conatr•uct in said area so leased any and all <br />buildings, str•uctrires or facilities in said area for use of County. Upon <br />the request of County and upon appropriate axnendrnent of the lease <br />so that the lease furnishes adequate, security for the bonds to be issued <br />by Authority, Authority shall acquire and construct on said property <br />such public buildings as are described in said lease amendment. <br />Sr:a�•rozv ] O. Leases avith other public 1lgeyccies. <br />The Authority shall have the power to enter into additional lease <br />agreements with public agencies, othc +r than the parties hereto, to <br />finance the construction of public buildings in the areas conveyed by <br />the parties to the Authority, subject to appropriate amendment of the <br />leases described in erections 8 and 9, and, pursuant thereto, Authority <br />shall have the power to issue revenue bonds, notes, indentures or other <br />evidences or indebtedness as author;zc d in the I3opd Act. <br />
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