Cross Reference — Auditorium committee established, § 2-249.
[Ord. No. 2014-23 § 1, 9-23-2014[1]]
The City of Lexington and LAA agree that LAA is hereby permitted
to renovate, operate and maintain the Lexington Municipal Auditorium
during the term of this agreement and any renewals and that LAA accepts
possession of the premises as is, and the obligations associated therewith,
in return for such income as may be generated from the operation of
LMA. The City, in approving this agreement, acknowledges that this
agreement is granted in the public interest in consideration of the
undertakings of LAA herein expressed to preserve LMA and its historical
significance, to improve and maintain the same, which the City cannot
afford, and to dedicate its use to strictly public, charitable and
municipal purposes.
[1]
Editor's Note: This ordinance also provided for the repeal
of former Ch. 16, Municipal Auditorium, adopted by the Ord. of 4-11-1950
and Ord. No. 72-13, as amended.
[Ord. No. 2014-23 § 1, 9-23-2014]
The term of this agreement will be automatically renewing one-year
periods unless and until the agreement is terminated by either party,
not to exceed in any event a total of ninety-nine (99) years from
the effective date.
[Ord. No. 2014-23 § 1, 9-23-2014]
Other provisions are as documented in the agreement dated October
9, 2013, under Ordinance No. 2013-31.
