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<br />, <br /> <br />I, <br /> <br />. <br /> <br />. <br /> <br />4. The City Clerk is authorized and directed to return to <br /> <br /> <br />the successful bidder upon execution. by it of the above mentioned <br /> <br /> <br />iease agreementr all security guaranteeing execution of the <br /> <br /> <br />lease agreement upon award; or, in the alternative, and with <br /> <br /> <br />the consent of the successful bidder, to transmit. said security <br /> <br /> <br />to the city Auditor to be applied by the City to the monthly <br /> <br /> <br />rental paymffiLts, to be made-during the period commencing with <br /> <br /> <br />the IIcommencement of constructi.onll and ending on the day next <br /> <br /> <br />preceding t.ne "occupancy da te" (as the aforesaid terms enclosed <br /> <br /> <br />by quotes ,are defined in the lease agreement) t all in accordance <br /> <br /> <br />with the bid documents. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />-3- <br />