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HomeMy WebLinkAboutDonation Agreement 1- AGREEMENT FOR DONATION AND DISPLAY OF ANTIQUE PROPELLER THIS AGREEMENT entered into this 9th day of November, 2006, between the CITY OF SEBASTIAN, a Florida municipal corporation (hereinafter called "CITY"), and JOHN AND SHIRLEY MIEROW (hereinafter called "DONORS"), provides that WHEREAS, CITY operates a general aviation airport and has recently opened its first airport administration building; and WHEREAS, DONORS are the owners of an antique propeller that they wish to have displayed for educational purposes and to further develop the public interest in aviation; and WHEREAS, CITY desires to display the propeller to the public; THEREFORE, IN AND FOR CONSIDERATION of the mutual benefits provided herein, the sufficiency of which is acknowledged by the parties, it is agreed: 1. DONORS do hereby donate and give their antique propeller to the CITY. 2. CITY shall place said propeller on display to the public at the airport administration building with an educational plaque identifying and describing the historical significance of the display piece. 3. In the event that CITY at a future date is no longer able to display said propeller in the airport administration building, it shall use its best efforts to place said propeller in a similar museum-like setting for the enjoyment ofthe public. 4. Any and all reversionary interests held by heirs or successors-in-interest to the DONORS shall extinguish ten years from the date of this Agreement. AGREED to on the date first set forth above. Approved as to Form and Content for Reliance by the City of Sebastian Only: ,1 --- r- - (Seal) DONORS: .\~tt ' '> . 1:J!~r ( }ohri Mierow v .~ ~..,,)f~ Shirley Mierow' ' . .-,-