2000-142-RES AUTHORIZING THE EXECUTION OF A LEASE

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LEASE AGREEMENT STATE OF TEXAS COUNTY OF LAMAR ) ) ) KNOW ALL MEN BY THESE PRESENTS: THIS LEASE AGREEMENT between the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, Michael 1. Pfiester, duly authorized, hereinafter called LESSOR, and PARIS RADIO CONTROL ASSOCIATION, Paris, Texas, acting by and through its President, Victor Abeles, duly authorized, hereinafter called LESSEE, is made this 9th day of October, 2000. WITNESSETH For and in consideration of the payment to the CITY OF PARIS, a municipal corporation, of the sum of ONE AND NOlI 00 DOLLARS ($1.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the CITY OF PARIS, a municipal corporation, does hereby lease, rent, and let unto the PARIS RADIO CONTROL ASSOCIATION 3.673 acres of Lake Gibbons property more particularly described on Exhibit A, attached hereto. IN CONSIDERA nON WHEREOF, it is mutually agreed by and between LESSOR and LESSEE: I. The term of this lease is for five (5) years, beginning on the 1st day of December, 2000, and ending on the 30th day of November, 2005, at which time and on which date the same shall terminate, unless sooner terminated as herein specified and provided, during which time LES SEE may and shall use the same for model aviation purposes only. 2. That LESSEE shall pay to LESSOR, or order, at the City Hall in the City of Paris, the agreed rental in advance, promptly and without neglect, default, and delay. 3. That LESSEE will, at its sole cost and expense, construct and maintain all necessary appurtenances for model aeronautics and any and all roadways and parking areas to serve the same. 4. That LESSEE will police and supervise the safe use of the property described on Exhibit A -1- EXHIBIT A