1982-11
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82-11
A G R E E MEN T
THIS AGREEMENT, by and between CITY OF CLERMONT, a municipal
corporation, and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE
COUNTY, a corporation organized and existing under the laws of the
United states of America, dated this 12th day of March , 1982.
WITNESSETH :
WHEREAS, Disston Street lying between Almond Street and state
Highway No. 50, City of Clermont, Lake County, Florida, is a dedi-
cated but unimproved City street, according to the Official Map of
the City of Clermont, Plat Book 8, pages 17-23 inclusive, Public
Records of Lake County, Florida, and
WHEREAS, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE
COUNTY desires to use the street for purposes of ingress and egress
to the FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY
facility located on state Highway No. 50, Clermont, Florida,
NOW THEREFORE, in consideration of the mutual covenants and
conditions contained herein and other good and valuable considera-
tions, the parties agree as follows:
1. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY
is hereby granted a leasehold interest to utilize Disston Street
as above-described for the exclusive purpose of ingress and egress
by employees and customers of FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF LAKE COUNTY.
2. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY
shall construct and maintain a driveway over the above-described
property approved by the CITY OF CLERMONT, including construction
according to CITY OF CLERMONT specifications, which said specifica-
tions shall not be more strict than those required for any other
commercial driveway with similar usage, and maintenance under the
direction of the CITY OF CLERMONT Public Works Department.
3. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY
shall indemnify wholly the CITY OF CLERMONT for any damages, injuries,
.
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or monies expended by the CITY on occasion of the construction
and/or use of the property as above-described.
4. The CITY reserves the right to cancel this Agreement
upon one hundred eighty (180) day's notice to FIRST FEDERAL
SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY at such time as the
CITY determines that it is the public interest to open the street
to public use or for use for utilities, sanitary sewer or drainage
facilities, or in the event the CITY determines that use by FIRST
FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE COUNTY constitutes
a traffic hazard of sufficient nature to constitute a real and
present danger to life, limb or property of motorists or pedestrians.
FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF LAKE COUNTY
CITY OF CLERMONT
BY~~~~
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