School House Contract

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uotrorjCtf

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?he

Il;rrbcrth

Boro*crrr

scrrool

ir:rtlioricfi!,.arrs

to

e

I

and

tlte

iiol'ottgll

of

t{a

l-!-rc't}r

.).c.y

rccs

t

o

prrrcrr.rsc

,rc

prcnr-

scs

clesu-ribecl

'lsthe

Ilorcruglr

of

r.larber:ilr

!rlcmc.cary

schcror,

,.

'end

whir':h

are

nolv

rcar;cd

Lo

the

Lor.rer

r"irrr

i

o1.

sr-.hoor.

Dis

Lricc.

2.rtis

unc'crstooc!;rnci

ccjrerldLo

bythe

parl!g5

reretot.lratt,'o

Elrn

Tcrrdco

a'.t.gsso.;

Ave,:.luc

Iolq.

anci

tslsi.cidrr_

iar

properEics

arenot

incruc,ec!

i^

anosarc.

ofthe

prerni.:cs

knlrvn

astlre

rt.rrberbh

tiltlmcntarl,

scrroor

site

^"0-r,.,ouo

i:rcniscs

hall

rcmain

tlreIrrtlpcrtic'softhe

Lor'.'er

ticrion

scrrocr

Dis

trict

rhich

sholl

hclve

tlte'

solc

nowLrr

ancl

discrctio^inilre

crisi:csitionf,

same

3

'

I'he

co'\'cyance

tothc

Rorougrr

shcr

r

rbc

f

or

gen-

raLpublicpurpiises.

rr

4.

Thepart

j.e

s

understcn,l

rnd

ogrce

tlr.rt

;r1>prov.rl

ust

be

obtai^cd

frc,m

trre

Trustr--e

ofthc

out,standing

lJarLrerth

sorouglr

School

Auilrority

Rcvr:nue

goncls,

.garics

of

Lge4,

crr.lcl

in_

e;rcndenLboncl

couns;cl

(DaviC

jr.[,rarr]:Iin,Esnrrire),asrl

conrtj_

'ion

prccccrent

:o

trrt?

crrrsurrun;t

ionoft!r,:

ser.c.

ofthc

prc.rnisr:,s

;:scrilledhcruinulclcr'',.'tcr*s

Jr^r.r

cor,eiicior-rs

s,r.t

fc>ri!r!ir:rein.

5.,fhc

l),f

fo^r

conEunuiiJt

in.;

Llrd

rLics

rr)rJur'$[,.':1

iJ

Jlr.r

J

Jgr-cu

:iJrlrts!r;llbcds

fcIJc.,.,,s;

'l..

t.

li:ct'l'ic

ll-rgg.)l;;tic::

.lr.'fltu!rrcsrint,schro

l,lu

tlrori

ty

sr-r,r

r

c()rr

t

i.rru,l

rTrir

I

ur

i

fy

or,

pilyrncrl

t

.

tta-t-

t-rott(1

softhc

!l;rrbur

t.h

$o::ou,;lr

to

l'L\t;r;r

j

n

ou

t

$

ta

rlrJ

i

ug

u:t

til

-1-

a

,

t)

L].

.[rr

f,J],nlut)t

fort!re

[,u:.r-.!r;rc

of

r_l:c

su!.r;cc,:

relnises

'tlic

Borough

slrr

I

Jgivc

LrreAuLlrol-i

Ey

i,:s

rju)11c.rcr

!

'r.,-

igar'i''

bo^crs

inaLoc.l

pr

j

^c

ipaI

o*ou,r.

;;..r"1o,

.,.,opr:.nc!_

'rr

anlout'lt

ofthcllarbcrtlr

llorotrgh

scrrool

,iuplrori

ri.

Iur:1cs

prcs-

nt'ry

outstatrd

inrr

c'ltld

rvitltitti'tcrestrate

equJr

to'rei'terestateon

tha'ut,:-rtu^clirrg

bo'ds.fic

Au,rorit5,.

c'l'ht-'Aur'lror:it,',wirrtrJnsfcr

Llresc

bo'ds

of

he

Borough

tothc

1'rtrstcc

;r$

:jL-curit5,

forj,uthoritr,,s

ou:sr:,rnJ-

ng

bonrJs'

rnct

the

T'usrac'..rir

lcJcf*auo-ln.",liltr;;

Trusr

rncrs,n_

urc

dated

asof

Jattuary

I

,

1.9164,

and

r+ir

r

surrcncrc.r

the

r.ease

ofhc

scho<il

proPcrLy

now

lru.lrl

byitass(-,curit'forsaid

boncs.

D'

'I'f)e'L<)rt'r-'r

rrrcriort

5u-rr'o1

0istrictrvilr

r(rgsjylr

1

noteofthu

tlororrglr

of

ll,rr.l.rr,r.rlr

cqu.rll

ilrrr

Lh;rt

porLi.on

of

the

nloLlne

a

ttributc'cl

Lo

tltt:

|l'r

r[rcrtlr

rircnrcnt.rr],sctroo.l

f

ront]rc

r96

9

etlcralobrig;rliu:t'ottclissueofthc

Lor,,er

i,orio,r,

!"iooIDistrict

,

ith

tht-.

sallcrJecofjrrtercstass.rid

bond

issue.Itis

unCcr_

tood

bytlrc

1;'rrcicsltcreLo

tlr.rE

t'is

noLu

r.rirlbc

amortizec!

ancl

ilrtertninate

contcrlpc)r3'lncou.sl)'

rvielr

ilree.vpirationofthe

ouc-

tandi^g"Narbu-rthllorougrr

sc'oclrAut,lrorit'Ilo'cs.

saicr

noLc

v.,irr

rovide

tha

t'

'ittttrc

Lavo,l

t

r.lJl

tlc

f

;rul

c

or,any

c.fthe

tcrms

trrcrco

f!'the

Borough

cf

NarberLlr,

Lor','er'rterio'sc!roolDistrict

sh,:r.r

h;r..,c

,he

righttor,r-cntcr

.r^cr

ruJc(Juirc

thc

'rcinises.

'

t'hel.oricr

lrterionschoor

Discrictii!rrbc,ri'rfn

n

opEiortb1'

tlrc

Borouglt

c,f

!'!.rrbcrLh

torecspture,rir^uri*o:'';'t"public

school

only,L'lc

sr.rbjt:ctprcnrises

atthe

cncr

of

Een,

fif-ucn,twu'nty,

trvent.i,-fir,,c.1lrrr

thirtS,),cars,

r.,i.riclr

optionshetr

br:

xercjsable,bytlre

Sclrool

District

ul-rc,n

.^.rittcn

lrot!ce.

to

th,l

ccretaryoftl:r-'

gororlgrl

LwL-'

t,r-ilrs

priortorhc

;rnn

i.\,ta.f

Silrydi

ta.s

f

any

ofs'rid

tcrnts

atrrl

tlre.

p.ryrirurt

to

errc

!orough

ofIiarbert,

ot"

-_

ta

-1_

II

it*t.

r*

aJ

allprirlbipal

arrcl

intcr.-u,sLI_,;lilrrentj

nr.ttltt

l.ry

thc

liorouglr

orlj..rr-_

H.:".i.:.:^::^"":tr:,.1r]r.narjon

!on:ts

ro

riie

i

uilrorj.cy

(!.:ar.

sLr

nd

on

its

nore

ro

ure

schoor

Disrri"r

;r;;:;;;.'"'ilr".:;:;";:'

ftheschoolDistrictshalr

s-rercise

jtsriqfrtof

recepLure

i1r_

he

end

of

any

ofthc

aforcnrcntioned

pariotls,

clre

School

DistriccillrePiytotlie

Borotrglr

the

unarnortize<J

portionsof

t!rc,cost,::

ofiterations

a'cr

rcrnodelli'g

1:.rid

forby

Robert

J.

.5igeJ.,

rnc.,

or

y

anysucccssor

tcnant,

'saicl

unaniorti;.--cl

pbrtio'sto

br.r

r>.rr;ccr

on

he

complcreanrorrizari'on

of"t;-;;";

cosrs

rvi'ri'rhr:iniri.rr

erm

oftrre

rease

with

sai"d

liobcriJ''siger,

rncr'

t

oE;lnyiiucccssor

onant,butnotto

excaed

$300r000

fr-ry

recal)tureatthc

c.'cl

of.

Ecr^

'ears;

s100,000

forrecal)turcat,,re

cn,J

of

f

i.

f

te,rn

ycars,a'c

,rcru,

lralr

be

no

repa)'ment

forrnycosts

outrayt_,d

by

Robcrt

J.

Siger,

nc.,or

any

succcssor

tcnJntf,orrecapturcat

Lrrc

en-cr

of

tl.,cnLy

'carsorthercaftc'r'

Furchcrincrc,

ifthe

Boroug,

or

iiart:errrirs!r,rrl

nal:e

cx'r-rpditurcs

forc;r'itaI

imli6gvL'lncfrt,s,

rcy:ai-rs

or

rcplilccrnc,lcs

o,re

scrroor

buirainss

cl.cr

cn'irons

0,,;;;;;;;;tirr.,

yon:

pcriocr

inadclitiontoalrerations

oncl

repairsby

Robert

J.Siqlel,

Inc.

ra

successor

tettartt),

tlrc'n

in

the.

evc.nt

ofthe

exorcise

by

the

choor

Districtofitsrigrrtto

recJrrture

ab

ani,ofthe

afo:..crren_

io^cd

piriocls

'

t'lrc

sclrool

tj

j

s

Lrict

srr;rl

r

r.rrinburse

thc

Eori:uglr

orthe

rL)asonable

fair

ln;rrkc't

v.'!lu,l

ofthe

rcrneining

rifeof

said

::::;:jrj:o'"uc!nents'

re-pairs

or

rei:lac'emenrs

as

or

rhc

c;rre

or

'i

l: _..:t::.'

rlrc

cxis

ring

t.t:rr.l:urrh

Bororlg

;;;-;,;:;."::

o

ttrtltr:robrigatiorrforrcasa

r-nnr...,

..:,-r;rrLrrccv/llscrentJl

g:r.ryrn€:nCS

Co

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