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Res 022-92 2/4/19926 RESOLUTIONLUTION NO. RESOLUTION APPROVING TEN YEAR LEASE TO THE WICHITA COUNTY HERITAGE SOCIETY OF LOTS 1-9, BLOCK 177, ORIGINAL TOWN OF WICHITA FALLS, LESS A THIRTY FOOT STRIP OF LAND. WHEREAS, the City of Wichita Falls owns Lots 1-9 in Block 177 of the Original Town of Wichita Falls, which is a part of the land on which the railroad depot was located; and, WHEREAS, the Wichita County Heritage Society, a non-profit corporation, desires to establish an historical museum on such property, and has requested that the City execute a lease to them on such property for this purpose; and, WHEREAS, such a museum will be both educational and interesting to our citizens and visitors to our City, and will preserve historical artifacts which were important to the early development of our area. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: That certain lease agreement, a copy of which is attached hereto, leasing such land to the Wichita County Heritage Society for a term of ten years is hereby approved, and the City Manager is authorized to execute the same for the City of Wichita Falls. PASSED AND APPROVED this the 4th day of February, 1992. A Y O ATTEST: I City C erk LEASE OF LOTS 1-9, BLOCK 177, ORIGINAL TOWN OF WICHITA FALLS LESS A THIRTY FOOT STRIP OF LAND) TO THE WICHITA COUNTY HERITAGE SOCIETY This lease, made and entered into this the day of February, 1992, by and between the City of Wichita Falls, Texas, hereinafter called "City," and the Wichita County Heritage Society, a non-profit corporation, hereinafter called "Society, " WITNESSETH: For and in consideration of the mutual covenants herein contained, City and Society do hereby agree as follows: 1. City does hereby lease unto Society the following described tract of land situated in Wichita County, Texas, to- wit: All of Lots 1-9, Block 177, Original Town of the City of Wichita Falls, save and except the following tract of land: BEGINNING at the Northwest corner of Lot 1, Block 177; THENCE East with the North line of Lot 1, a distance of 30 feet; THENCE South parallel with the West line of Lots 1 and 2, a distance of 90 feet to a point 10 feet from the South line of Lot 2; THENCE West parallel with the South line of Lot 2 and 10 feet therefrom, a distance of 30 feet to a point in the West line of Lot 2; THENCE North with the West line of Lots 2 and 1, a distance of 90 feet to the PLACE OF BEGINNING. 2. This property shall be used by Society only for development of a historical museum district, including a railroad museum, oil and transportation museum and other similarly related museum developments as may be approved under the terms of this lease agreement. Development and operation of the railroad museum shall be undertaken by Society. 3. The term of this lease shall be ten ( 10) years, commencing February 4, 1992. 4. Society shall pay City rental at the rate of One and No/100 ( $1. 00 ) Dollar for the ten ( 10) year lease, payable in advance. 5. The Society shall be responsible for all maintenance of the premises. It shall keep the premises in an attractive condition, clean and free from trash and other offensive objects. It shall keep the premises in accordance with all applicable ordinances and codes. 6. City shall not be liable for any claim for damages to person or property which may occur on the leased premises during the term of the lease, and Society shall indemnify and hold harmless the City from all claims for damages arising out of the use of said premises. Society shall maintain during the term of this contract liability insurance in the amount of $250,000 for bodily injury or death to any individual and in the amount of 500,000 for any single occurrence for bodily injury or death. Liability insurance for injury or destruction to property shall also be maintained in the amount of $100,000. The City of 1 Wichita Falls shall be named as a co-insured and a certificate of insurance evidencing the above liability limits shall be furnished and kept on file with the City Clerk during the duration of this agreement. Such liability policy shall further provide that in the event the insurance is canceled for any reason, the City shall be immediately notified of the intent to terminate coverage by the insurance provider. 7. Society shall not assign this lease nor sublease the premises or any part thereof without the written consent of City. 8. Society shall not develop this property, or any part thereof, in a way which is not consistent with the intention of this lease without prior written approval of such development by the City, acting through its City Manager. 9. Any museum which is developed on the property shall be open to all members of the public on an equal basis, without discrimination. 10. If the City Council shall ever determine that this property is needed by the City for another public purpose, the City shall have the right to terminate the lease by giving Society ninety (90) days advance written notice of its intention to do so. 11. If Society should breach any of the covenants contained herein, and fail to correct them within sixty (60) days after City gives Society written notice to do so, City shall have the right to terminate this lease. 1 12. City makes no covenant of quiet enjoyment nor any other implied covenants concerning the premises. 13 . In the event any ad valorem taxes are legally assessed against this property, they shall be paid by Society. IN WITNESS WHEREOF, City and Society have caused this instrument to be executed by their duly authorized officers as of the day and year first set out above. City of Wichita Falls, Texas By: James Berzina, City Manager ATTEST: City Clerk Wichita County Heritage Society By: President ATTEST: