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8/15/18
<br />GRAND THEATER MANAGEMENT LEASE AGREEMENT
<br />This Grand Theater Management LEASE Agreement (hereinafter LEASE) shall be between the
<br />City of Paris, Texas, a home rule municipal corporation of the State of Texas (hereinafter CITY), and
<br />the Paris Grand Theater Project, Inc., a 501(c) (3) not-for-profit corporation (hereinafter PROJECT),
<br />which in consideration of the mutual covenants, agreements, stipulations, and payments, do hereby
<br />contract and agree as follows. CITY and PROJECT sometimes are referred to herein collectively as
<br />the "Parties" or singularly as a "Parry."
<br />RECITALS
<br />WHEREAS the goal of the Paris Grand Theater Project is to advocate for, assist in, and lead the
<br />refurbishment, promotion, and operation of the historic Grand Theater in Paris, Texas, bringing it back for
<br />the enjoyment and economic, educational, and cultural benefit of citizens of the community and visitors to
<br />the area; and
<br />WHEREAS, the objectives of the Paris Grand Theater are: to identify, organize, and unify diverse groups
<br />and individuals into one group focused on refurbishing and revitalizing the Grant Theater; the
<br />establishment of a multi-level and multi-year fundraising program to acquire financial donations, gifts -in-
<br />kind, endowments, grants, and other monetary resources; to design a venue that both pays homage to the
<br />rich history of the Grand Theater, and creates opportunities for new activities and events; to promote the
<br />Grand Theater to a wide variety of performers, acts, activities, organizations, and events; and leverage the
<br />potential of the Grand Theater to better market the city of Paris, Texas; and
<br />WHEREAS, the City of Paris is the owner of the Grand Theater, and CITY is in full support of the goals
<br />and objectives of the Paris Grand Theater Project;
<br />CITY hereby agrees to LEASE the Grand Theater to PROJECT, and PROJECT agrees to LEASE said
<br />theater from CITY, on the terms and conditions set forth herein below.
<br />AGREEMENT
<br />NOW, THEREFORE, for the sum of $10 a year and in consideration of the recitals set forth above and
<br />the mutual covenants and agreements contained herein and for other good and valuable consideration,
<br />the receipt and sufficiency of which are acknowledged and confessed by each of the parties hereto, the
<br />parties hereto have agreed and, intending to be legally bound, do hereby agree as follows:
<br />ARTICLE 1. Grant, Term of LEASE, and Certain Definitions
<br />1.1. Leasing Clause. CITY does hereby LEASE, demise and let unto PROJECT, and PROJECT does
<br />hereby take and LEASE from CITY, the Leased Premises, to have and to hold the Leased Premises,
<br />together with all the rights, privileges, easements and appurtenances belonging to or in any way
<br />pertaining to the Leased Premises, for the term and subject to the provisions hereinafter provided.
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