The city hereby consents and agrees to the leasing of all the city's proprietary, revenue producing utility properties, systems and facilities; and also those certain public recreational facilities located upon the following described real property situated in Seminole County, state of Oklahoma:
The northeast quarter of the southwest quarter (NE/4 SW/4) and the northwest quarter of the southwest quarter (NW/4 SW/4) and the southeast quarter of the northwest quarter (SE/4 NW/4);
and a tract described as beginning at the southeast corner of the southwest quarter of the northwest quarter (SW/4 NW/4); thence north four hundred (400) feet; thence west two hundred sixty two and eight tenths (262.8) feet; thence south four hundred (400) feet; thence east two hundred sixty two and eight tenths (262.8) feet to the point of beginning, containing 2.43 acres more or less;
and a tract described as beginning at the northeast corner of the southwest quarter of the southwest quarter (SW/4 SW/4); thence west two hundred forty four (244) feet to the center line of road; thence southwest along road one hundred five (105) feet; thence east two hundred twenty six and five tenths (226.5) feet; thence north one hundred (100) feet to the point of beginning containing .52 acres more or less;
The west nine hundred ninety (990) feet of the northwest quarter of the southeast quarter (NW/4 SE/4);
all in section twenty two (22), township nine north (T9N), range six east (R6E), Seminole County, Oklahoma
Together with all and singular appurtenances and hereditaments thereto appertaining and belonging, including (without limitation by reason of express mention) all buildings and improvements now or hereafter located thereon and all fixtures now or hereafter existing thereto, together with any and all additions, enlargements, extensions and improvements thereto acquired by the city during the life of the lease for a primary term of fifty (50) years, renewable for successive like terms, to the trustees of the Seminole public works authority (a public trust of which the city is the beneficiary), with such lease to become effective as of one minute past twelve o'clock (12:01) A.M. on the day following the effective date of ordinance 520, adopted May 15, 1973; and the mayor of the city hereby is authorized and directed to execute the aforesaid lease upon behalf of the city as lessor, in several multiple originals, and after the same shall have been attested by the city clerk, to deliver such lease to the trustees of the aforesaid authority. (2000 Code § 17-106)