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PIANO/PERSONAL PROPERTY LOAN AND USE AGREEMENT• PIANO /PERSONAL PROPERTY LOAN AND USE AGREEMENT This AGREEMENT FOR PIANO /PERSONAL PROPERTY LOAN AND USE ( "AGREEMENT "), is made and entered into this vi day of- 441>'u -444m , 2015, by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation ( "CRA "), and the CITY OF CLEARWATER, a Florida municipal corporation, ( "City "), both whose mailing address is 112 S. Osceola Ave., Clearwater, Florida 33756 -5103 (each individually referred to herein as "Party" or collectively as the "Parties "). (Whenever used herein the terms "CRA" and "CITY" shall include all of the parties to this instrument, and heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations) WITNESSETH: 1 Loan of Piano: In consideration of City timely and fully complying with the covenants and conditions herein contained, CRA does hereby grant to City and City hereby accepts from CRA, a loan to utilize that certain piano ( "Piano ") as further described and depicted in Exhibit "A ", attached hereto and incorporated herein. No other consideration is due from the City so long as the City remains active in the CRA's economic development initiative. 2. Ownership, Location of Piano, Maintenance: The CRA shall retain ownership and control of the Piano at all times. The City shall have the right and privilege to locate and utilize the above - described Piano for the purposes of promoting the City's Main Library ( "Library"), engaging the public, and promoting Economic Development in the City's Downtown Core by allowing use of the Piano at the Library for approved programs and presentations. A location for the Piano within the Library shall be as agreed upon by the Parties from time to time. Under no circumstance shall the City remove or relocate the Piano without written consent of the CRA. Removal or relocation of the Piano by the City shall constitute a material default hereunder. The CRA shall fund maintenance, tuning, moving and damage costs of the Piano for the duration of the Agreement. The CRA retains the right to remove the Piano at its expense, at any time, in its sole discretion. The CRA shall not be otherwise obligated for any monetary contributions under this Agreement. The CRA may install an identification plaque or signage prepared and designed by the CRA, identifying Economic Development purposes for which the Piano has been installed, or any other information deemed appropriate, subject to applicable sign codes. 3. Term: This loan of the Piano is granted to City and shall extend until such time as CRA and City agree to terminate or until the occurrence of any one, or more, of the following, whichever shall occur first: 1 a. City requests, in writing, that the CRA remove the Piano, in which case the CRA shall have thirty (30) days to remove it, and upon removal, this Agreement shall terminate; or, b. Material default by City in the performance of any of the terms, covenants or conditions of this Agreement, and in the failure of City to remedy, or undertake to remedy, to CRA's reasonable satisfaction such default for a period of ten (10) days after receipt of notice from CRA to remedy same; or, c. At such time as any of the aforementioned events occur, all rights granted herein in favor of the City shall automatically extinguish and the Piano may be reclaimed by the CRA immediately. 4. Liability / Indemnification: CRA will not accept and explicitly renounces any liability of any nature for use of the Piano by the City, its employees, representatives, and invitees. Third parties, including the public shall be considered invitees for purposes of this agreement. To the extent permitted by Section 768.28, Florida Statutes, the City shall save and hold harmless the CRA, its successors and /or assigns, from any and all liability arising from injury to person or property during the term hereof resulting from the City's negligence; provided, however, that CRA may be liable for its negligence, only to the extent permitted by the limits of Florida Statutes 768.28. Nothing contained herein shall be construed to waive or modify the provisions of Florida Statute 768.28 or the doctrine of sovereign immunity as to any party hereto. In addition, nothing contained herein shall be construed as creating third party beneficiaries or as consent by the City or the CRA to be sued by third parties in any manner arising from this grant of Agreement. 5. Insurance: City shall procure and maintain during the term of this Agreement, Comprehensive General Liability Insurance which shall provide: a. Minimum coverage limits of $500,000 Per Occurrence Combined Single Limit for Bodily Injury Liability and Property Damage Liability. b. The policy shall provide coverage for any death, bodily injury, personal injury or property damage that should arise directly or indirectly from performance under this Agreement. c. The insurance coverages and conditions afforded by this policy shall not be suspended, voided, canceled or modified except after thirty (30) days prior written Notice by certified mail, return receipt requested, has been given to the CRA. d. City's obligation to carry the insurance provided herein may be bought within the coverage of a "blanket policy" of insurance carried and maintained by City, self - insurance, or a combination of self- insurance and bought insurance; providing, however, the coverages afforded the CRA shall not be reduced or diminished or 2 otherwise be different from that which would have existed under a separate policy meeting all other requirements of this Agreement. 6. Notice: Any notice given by one party to the other in connection with this Agreement shall be sent by certified mail, return receipt, with postage and fees prepaid, addressed as follows: If to CRA: If to City: Rod Irwin, Assistant City Manager City of Clearwater P. O. Box 4748 Clearwater, Florida 33758 -4748 Barbara Pickell Director of Libraries Clearwater Main Library 100 N. Osceola Ave. Clearwater, Florida 33755 7 Quiet Enjoyment: Upon observing and performing the covenants, terms and conditions required by this Agreement, the City shall peaceably and quietly hold and enjoy the Piano for the term as stipulated herein, without hindrance or interruption by CRA. It is expressly understood and agreed that all rights of ownership of the Piano not inconsistent with the rights herein conveyed to City are reserved to CRA. If the City sponsors or advertises events that involve the use of the piano, the City will list the CRA as a co- sponsor of the event, if applicable. 8. Entire Agreement: This Agreement contains all of the terms, conditions and covenants binding the parties hereto. There are no other terms, conditions, covenants or understandings, either written or oral, binding upon the parties unless expressed herein in writing, or subsequently addended hereto by mutual agreement of the parties. IN WITNESS WHEREOF, the undersigned parties have hereunto affixed their hands and seals the day and year first above written. City of Clearwater By: lO aBLIAA^. /kiwi -y+�c William B. Horne II, City Manager 3 Approved as to form: Laura Mahony, Assistant Attorney COMMUNITY REDEVELOPMENT AGENCY OF TH iTY OF CLEAR ► _ • IDQ By: Rod Irwin, Executive Director � O� , _I Qcj c,oR Q:ATE flo i� Rosemarie Call, City 'y -ti $ gf /inn 1111 l 1111 `,��� Attest: 14 ■•■■ 411: El sq In II! 111 aro P 1111110 a it, • 6#1: k!a. If milt ! 1 L 1 11111N n U II . .... • • • • -.sill sax , re- II ill 01 fir !Ituu Hi itinJ Hl