Las Vegas City Commission Minutes, February 17, 1937 to August 4, 1942, lvc000004-250

eighty (80) feet to the point of beginning; thence N. 61?47' W. 275.0 feet; thence N. 28 13' E. 300.0 feet; then N 68 01' 20" E. 117.15 feet; thence S. 61 47' E. 200.0 feet; then S. 28 13' W. 390.0 feet to the point of beginning, comprising a net area of 2.385 acres, and WHEREAS the said Las Vegas Post Number 8, The American Legion, did then and thereafter cause to be erected upon said land a large building known as the War Memorial Building at a cost far in excess of the sum of fifteen thousand dollars ($15,000), against which there are now outstanding some ten thousand dollars in bonds, all of which are now due, and WHEREAS the said Las Vegas Post Number 8 is desirous of raising money to pay off said bonds and is willing to turn back to said City said lease and the said building and its equipment and furnishings and furniture for the sum of fifteen thousand dollars, provided it shall be privileged to use the upstairs portion of said building as and for a meeting place of the members of said Post, and their families and guests, and for such other pur­poses as said Post may desire, including the rental thereof to other organizations, and WHEREAS, because the auditorium room and stage in said building is the largest and finest auditorium and stage in the State of Nevada and one of the largest and finest in this entire intermountain country, the said City of Las V gas is desirous of acquiring said War Memorial Building for the purpose of retaining and maintaining the auditorium room and stage therein as and for a public auditorium for conventions, public speaking, public entertainments, social gatherings and other meetings and gatherings of general public interest, and for the purpose of using other portions of the ground floor of said building for city offices and city bus­iness purposes, NOW THEREFORE BE IT RESOLVED by the Board of Commissioners Of the City of Las Vegas, Clark County, Nevada, in regular meeting assembled, this 16th day of February, 1940, that the said City of Las Vegas do offer to purchase from said Las Vegas Post Number 8, The American Legion, Department of Nevada, a corporation, for the sum of fifteen thousand dollars ($15,000) all its lease hold interest in and to said land and building, with its furniture, furnishings and equipment hereinafter enumerated, save and excepting the right and privilege of the said Post to use the upstairs portion of said building so long as such Post shall remain active and function as a Post of the American Legion. BE IT FURTHER RESOLVED that the furniture, furnishings, equipment and personal property now in said building and included in this offer to purchase, and which shall become the pro­perty of said City of Las Vegas, should this offer be accepted, are as follows: Item: Appraised or cost Value Thermador hot water heater, $ 89.00 2 electric room heaters 100.00 Finishing basement, shower and bar, 250.00 2 large and 3 small spot lights 90.00 Curtains and scenery on stage 1,100.00 Stage lights 100.00 Floor covering for Auditorium 500.00 Heating equipment 850.00 200 steel chairs, 2,800.00 Electric water cooler drinking fountain 100.00 $5,979.00 BE IT FURTHER RESOLVED that a certified copy of this resolution be forthwith delivered to the officers of said Post in order that the same may be considered at a meeting of the membership of said Post, and that if the offer hereby made be accepted by said Post, and agree­ment in writing be entered into between said City of Las Vegas and said Post which shall con­tain the following covenants, conditions and stipulations, namely: 1. Said Las Vegas Post Number 8, American Legion, Department of Nevada, shall surrender and convey to said City of Las Vegas, all right, title and interest by said Post acquired in and to the land above described together with the building and improvements thereon, under and by virtue of said fifty year lease first hereinbefore mentioned, or otherwise. 2. Said Post shall convey to said City all of the furniture, furnishings, equipment and personal property now in said building and which is included in the above list and inventory. 3. Said City shall pay to and/or for the use of said Post the total sum of fifteen thousand dollars, which shall be paid as follows: the sum of ten thousand dollars shall be paid immediately upon the execution of said written agreement, to the First National Bank of Nevada, Las Vegas Branch, as escrow agent, for the purpose of retiring and paying off all bonds against said building as the same may be presented for payment, and if, after all of said bonds have been fully paid, there is any of said ten thousand dollars remaining, the same shall then be paid unto said Post; and the said City shall pay unto said Post the further sum of five thous­and dollars, on or before the thirty-first day of December, A.D. 1940. 4. Said City shall grant to said Post the right and privilege to use all of the upstairs portion of said War Memorial Building as long as said Post shall remain active and function as a Post of the American Legion. And said Post shall have the right and privilege of renting the upstairs portion of said Building to other organizations, if it so desires, during such time. 5. Said Post shall at all times, in the last above mentioned paragraph, have fee access to said upstairs portion of said Building, either by means of the present stairway or an outside stairway later to be built by said City, and the said City shall not interfere with the lawful occupancy of said upstairs by said Post, except to make necessary inspection of and repairs to said Building. 6. Said Post shall pay for all light, heat, power and water used or consumed in the upstairs portion of said building and separate light and power meters shall be installed for said upstairs portion of said Building.