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CITY-OF-BATESVILLE
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4/30/2019 1:35:27 PM
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8/22/2018 11:59:28 AM
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Page 4 <br />NOW, THEREFORE, for good and valuable consideration, <br />receipt of which is hereby acknowledged by the parties hereto, and <br />in consideration of the mutual benefits and covenants herein <br />contained, the parties hereto agree as follows: <br />ARTICLE I <br />CONSTRUCTION <br />Section 101. It is agreed that the Lessor will construct <br />and equip t1ze factory building and permanent improvements on the <br />site leased hereby, in accordance with plans and specifications <br />approved by the Lessor and the Lessee, suitable for the manufactur- <br />ing activities whf-ch Lessee shall desire to carry on. Lessor <br />hereby appoints and designates Lessee as agent of Lessor for <br />the design and construction of said factory building and permanent <br />improvements and for the acquisition and installation of equipment <br />and machinery therein. In its capaci;-y as such agent, Lessee <br />shall have the full responsibility for said design, construction <br />and supervision of construction and the acquisition and installation <br />of machinery and equipment and Seiberling's and Lessee's time, <br />costs and expenses directly attributable to said design, con- <br />struction and supervision work may be included as part of the <br />construction costs as hereinafter determined. The Lessor agrees <br />that, by and through Lessee, as agent, it will enter into necessary <br />contracts with architects, engineers and contractors to accomplish <br />the design and construction of the building and improvements and <br />the purchase and installation of machinery and equipment in accord- <br />ance with the recommendations of Lessee. <br />It is understood and agreed by the parties hereto that <br />the plans and specifications referred to above are being prepared <br />by Ginocchio-Cromwell & Associates, Architects, 416 Center, Little <br />Rock, Arkansas, and that said firm or a representative thereof <br />will supervise or approve the construction of the factory buildings <br />and permanent improvements and the acquisition and installation of <br />Lessor's machinery, equipment and fixtures (hereinafter defined <br />in Section 201 (c) and that Lessor has designated Ginocchio- <br />
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