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U.S. DEPARTMENT OF EDUCATION-1991
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U.S. DEPARTMENT OF EDUCATION-1991
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Last modified
6/9/2015 3:15:14 PM
Creation date
6/9/2015 2:19:21 PM
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Contracts
Company Name
UNITED STATES OF AMERICA
Contract #
A-1988-009
Agency
Parks, Recreation, & Community Services
Council Approval Date
2/16/1988
Destruction Year
P
Notes
Deed 7435 and Quitclaim Deed 7592 copies in file
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a. Obtaining the advance written consent of the GRANTOR; <br />and <br />b. Payment to the UNITED STATES OF AMERICA of 1/360 of the <br />percentage public benefit allowance granted of the fair <br />market value, as of the date of such requested <br />abrogation, of that portion of the Property to be <br />released for each month or portion of a month of the <br />period to be abrogated. <br />16. GRANTEE, by acceptance of this Deed, further covenants <br />and agrees for itself, its successors and assigns, that in the <br />event the Property or any part or interest thereof is at any time <br />within the period of thirty (30) years from the date of thi's <br />conveyance sold, leased, mortgaged, encumbered or otherwise <br />disposed of or used for purposes other than those designated in <br />condition subsequent number 1 above without the written consent <br />of GRANTOR, all revenues therefrom and the reasonable value, as <br />determined by GRANTOR, of any other benefits to GRANTEE deriving <br />directly or indirectly from such sale, lease, mortgage, <br />encumbrance, disposal or use, shall be considered to have been <br />received and held in trust by GRANTEE for the UNITED STATES OF <br />AMERICA and shall be subject to the direction and control of <br />GRANTOR, or its successor in function; but the provisions of this <br />paragraph shall not impair or affect the rights reserved to <br />GRANTOR under any other provision of this Deed. <br />10 <br />
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