1997-078-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 14TH DAY OF APRIL 1997

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LEASE AGREEMENT STATE OF TEXAS } } } KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR TillS LEASE AGREEMENT is made this 14th day of July, 1997, by and between the CITY OF PARIS, Paris, Texas, a municipal corporation, acting by and through its Mayor, Eric S. Clifford, duly authorized, hereinafter referred to as LESSOR, and LARRY RICHARDSON, Rt. 4, Box 94, Paris, Lamar County, Texas 75462, hereinafter referred to as LESSEE, WITNESSETH For and in consideration of the payment of the sum of THREE THOUSAND AND NO/lOO DOLLARS ($3,000.00) per year, payable to the CITY OF PARIS, a municipal corporation, as follows: $250.00 on or before July I, 1997, with a like payment on or before the 1st day of each month thereafter during the remainder of the term hereof, said CITY OF PARIS does hereby lease, rent and let unto LARRY RICHARDSON that certain property located on part of Lots 6 and 7, City Block 251A, being number 1227 N. Main Street, Paris, Texas, more fully described on Exhibit A, attached hereto and made a part hereof. 1. TERM The term of this lease is for two (2) years, beginning on the 1 st day of July, 1997, and ending on the 30th day of June, 1999, at which time and on which date the same shall terminate, unless sooner terminated as herein specified and provided, during which time LESSEE may and shall occupy the same and use the same as a used-car lot, and for no other purpose. It is further agTeed to by LESSOR and LESSEE that LESSEE shall have the option to renew such Lease for an additional period of one (1) year, the Tental for the renewal to be in the sum of THREE THOUSAND AND NO/lOO DOLLARS ($3,000.00), payable to the CITY OF PARIS, a municipal corporation, as follows: $250.00 on or before July 1, 1999, with a like