HomeMy WebLinkAbout430 S COLLEGE AVE - CORRESPONDENCE - 1/28/2005 (16)4. Holding over. Any holding over by CSU, whether
recognized by the City or not, after the expiration or termination
of any term of this Lease, shall create merely a tenancy at will,
terminable on sixty (60) days notice.
5. Rent. At the time of execution of this Agreement, CSU
shall pay to the City the sum of Twenty five Dollars ($25.00) as
rent for this Lease, including its extensions as provided in
paragraph 2 hereof.
6. Use of the Propert
(a) Generally. CSU shall use the Property only for
laboratory and research purposes focused upon increasing the
efficiency of the internal combustion engine; related office and
administrative purposes; and ancillary uses related thereto, such
as outreach and extension activities, seminars and instructional
uses, provided that such uses fit within the limitations of
subsection (b) of this section. CSU shall not put the Property to
any other use without the prior written approval of the City. CSU
shall not use the Property in any manner that violates any
applicable law, rule, ordinance or regulation. CSU shall not
permit any nuisance or disorderly conduct upon the Property, and
CSU and the City agree to mutually and cooperatively resolve any
issues or problems that may arise out of the use of the Property by
CSU.
(b) Public Purpose. It is expressly understood and agreed
that CSU shall make use of the Property only in such manner as
shall be for the common benefit and good of the citizens of the
City. It is understood and agreed that CSU shall use the Property
for the purpose of conducting research and testing on internal
combustion engines in order to better improve the energy efficiency
of such engines and in order to reduce the emission of air
pollutant particles from such engines for the benefit of the
citizens of the City, as well as the State of Colorado, which
benefit has been determined by the City Council to serve a valuable
public purpose which transcends the purely educational and academic
purposes normally associated with an institution of higher
education. It is understood and agreed between the parties that
the Charter of the City prohibits the City from making any
appropriation for any "educational" purpose to any organization not
under the absolute control of the City, but the parties further
understand that the purpose to be served by this lease is the
valuable public purpose of improving energy efficiency and air
quality and that.at any time that CSU should cease to serve those
purposes, or any other valuable public purposes approved by the
Council of the City, then this lease shall summarily terminate and
be at an end. In the event that CSU should sublease any part of
the Property, any monies or other consideration received by CSU as
a result of such sublease shall be applied by CSU to such purposes
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