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<br />It is further agreed to by LESS?R and LESSEES that LESSEES shall have a second option i\ :',:~:!i'f~J.~~~i( ,;"
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<br />, to renew such Lease for a period of FIVE (5) years, the rental for the second renewal to be based',','':-' ' ,~~~)~rE~'~n:,;',
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<br />on either $.06 per square foot or the fair market value at the time of the exercising of such seco~d,':":i':;\,:Jt;''''tj;
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<br />option, whichever is greater, payable to the City of Paris, a municipal corporation, as fcillows:'j:U/?\!t :,f.,
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<br />The amount determined at the time of the exercising of the second option is payable on or befoi~l. '!!( '(~~ \::t~n,:i;:~:~,;:
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<br />the 1st day of August, 2019, with a like payment on or before the 1st day of each month thereafter:,~:; :;;~f.f~:):,':~~%!t
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<br />during the remainder of the term of the second option, which ends July 31, 2024. The granting ::: ,:;~;:':i~;j~j!i~~\'::',
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<br />IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR arid :~;"I,:;~~j~!;:I~~;;~!i~I;::'
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<br />That LESSEES pay to LESSOR, or order, at the City Hall in the City of Paris, the ",,'" ""t!l; ,,~;::'~:1;I':'"
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<br />That this Lease is subieet to all the terms, provisions and conditions of the deed of ,,(..\' ,; '~';;;;:I';("~fl'l~I:'.
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<br />conveyance of such premises from the Unitcd States of America to the City of Paris, recorded in '.',:" :'~f:~ii~l!~'~:l~~tlt
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<br />Book 308, Page 287, Deed Records of Lamar County, Texas to which reference is made for all '::~" ::.1;,,1: ,,\;..I:!i'ifJ'
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<br />That LESSEES, their successors or assigns, agree that, in the event facilities are.,., ;,i::ij't:,;:Ij:I,:~i!i~\t:
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<br />constnlcted, maintained, or otherwise operated on the said property described in this Lease for';i:;i:;ii!""
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<br />a purpose for which a Department of Transportation program or activity is extended or for another ,,\ ':;k,'l!.~..;:;ir~~ i:
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<br />purpose involving the provision of similar services or benefits, the LESSEES shall maintain and ,:'.. ': ,;~~~n;?~;~~f;:;,
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<br />operate such facilities and services in compliance with all other requirements imposed pursua~t ",\,<i.l;\~l~,~~,~"~
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<br />to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the ',,;:' :",:~~,',.!:jl!~:;~~f:
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<br />Secretary, Part 21, Nondiscrimination in Federally-Assisted Programs of the Department of ...., ,':;'J~,:lt~\~1;,,::,
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<br />thereafter during the remainder of the term of the first option, which ends July 31, 2019. The
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<br />granting of said first option is subject to the requirements set forth in paragraph 18.
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<br />of said second option is subject to the requirem~nts set forth in paragraph 18.
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<br />LESSEES:
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<br />agreed rental in advance, promptly and without neglect, default and delay.
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<br />purposes.
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