Lease Amount. City shall pay a lease fee based on agreed to costs on a semi-annual basis, no later than 10 days prior to the bond repayment dates and at the rate set forth in Exhibit “E”, the amount of the lease will be reduced to $1.00 starting in calendar year 2023 providing the bond debt is retired and no new debt has been incurred which would extend the lease period at agreed to rates. Exhibit “F” is the complete schedule for the Jail Lease Revenue Refunding Bond, Series 2009B. Exhibit “G” is included to document the final cost of the construction for the Prairie Justice Center project.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement