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<br />LEASE AGREEMENT <br /> <br />COUNTY OF LAMAR <br />STATE OF TEXAS <br /> <br />) <br />) <br />) <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />THIS LEASE AGREEMENT is made this 27th day of August, 2001, by and between the <br />CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, <br />Michael J. Pfiester, duly authorized, hereinafter referred to as LESSOR, and the RED RIVER <br />V ALLEY FAIR ASSOCIATION, INC., Fair Grounds and Center Street, P.O. Box 964, Paris, <br /> <br />Lamar County, Texas, acting by and through the authorized official whose signature appears <br /> <br />below, hereinafter referred to as LESSEE. <br /> <br />WITNESSETH <br /> <br />For and in consideration of the payment to the CITY OF PARIS the sum of ONE AND <br /> <br />NO/lOO DOLLAR ($1.00), and other good and valuable consideration, the CITY OF PARIS does <br /> <br />hereby lease, rent and let unto the RED RIVER VALLEY FAIR ASSOCIATION, INC. the <br /> <br />following described property: <br /> <br />All that certain tract of land located in Paris, Lamar County, Texas, to-wit: <br />BEGINNIN G at a point a distance of 300 feet west of the intersection of the <br />North Boundary Line of Hickory A venue with the West Boundary Line of Fitzhugh <br />Avenue, also designated as 9th Street N.E., the same being the southeast corner of <br />a 12 acre tract of land sold to the Lamar County Fair Association by H. E. Clement <br />Estate in 1936, described in deed recorded in Volume 245, Page 575, Deed <br />Records, Lamar County, Texas; <br />THENCE North a distance of 600 feet; <br />THENCE West a distance of 600 feet; <br />THENCE South a distance of 600 feet; <br />THENCE East a distance of 600 feet to the place of beginning, being the <br />same property leased by the City of Paris to the Paris Baseball Club, since named <br />"Reece Field". <br /> <br />The term of this Lease shall be for the months of August of each year through March of <br />each following year for FIVE (5) years, beginning on the 1st day of August, 2001, and ending on <br />the 31st day of March, 2006. <br />IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR and <br />LESSEE: <br /> <br />EXHIBIT A <br />1 <br />