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<br />'. <br /> <br />. <br /> <br />SWINT agrees to pursue good land management practices <br />with regard to the leased premises. <br />In the event that SWINT shall keep each and every <br /> <br />agreement contained herein and do and perform all the.obliga- <br />tions required of SWINT hereunder during the term of this <br /> <br />lease, an option is hereby given and granted to SWINT to <br />renew and extend this lease for an additional period of five <br /> <br />(5) years from and after the expiration of this agreement, <br /> <br />for and in consideration of a sum set by CITY, payable in <br />equal annual installments, the first of which will be due and <br />payable on or before November 1, 1998, with a like payment <br />being due and payable on or before the 1st day of November of <br />each year thereafter during the term of said five year option <br /> <br />period. <br /> <br />Said option may be exercised by SWINT'S giving <br /> <br />notice in writing of SWINT'S intention to renew said lease on <br /> <br />I, <br /> <br />or before the 1st day of January, 1998, followed by CITY <br /> <br /> <br />setting the total lease price on or before the last day of <br /> <br /> <br />Apr i1, 1998 and SWINT'S acceptance of the lease pr ice on or <br /> <br /> <br />before the 31st day of May, 1998. <br /> <br />Executed on the dates shown in acknowledgements below. <br /> <br />CITY OF PARIS, LESSOR <br /> <br />BY~~~ <br /> <br />eorge Fisher, Mayor <br /> <br />ATTEST: <br /> <br />~~,\~~~ <br />Mattie Cunningham, City C erk <br /> <br />APPROVED AS TO FORM: <br />./ <br />