Laserfiche WebLink
AIRPORT GROUND LEASE AGREEMENT <br />'rH.IE s,rATE OF TEX-AS § <br />COUNTY OF LAMAR § <br />KNOW ALL MEN BY THESE PRESENTS <br />This Lease Agreement (AGREEMENT) is made by and between the City of Paris, Texas, a home <br />rule municipal cor.1poration (LESSOR) and,,,,,"" <br />(LESSEE). <br />For and in consideration of The construction of a new airplane hangar(s) and related improvements, <br />as further described herein, and for the payment of monthly ground lease rental to LESSOR, <br />LESSOR does hereby lease, rent, and let unto LSM, that portion of Cox Field real property as <br />described in Exhibit A, attached hereto and made a part hereof, <br />LESSEE hereby leases said real p.ropert.y from LESSOR subject to the tenns, covenants, and <br />conditions state below, and shall have the right and privilege to construct and maintain certain <br />improvements of said property.. LESSEE accepts prope4y "'as is." <br />Except to the extent provided herein and subject to the provisions hereof, LESSEE shall have and <br />hold the [eased premises, together with all ri.glits, privileges, ems eats, appurtenances, and <br />immunities belonging to or in any way �ppertainrng to said ]eased premises, including, but not <br />limited to., any and all casements, rigi-its, title and privileges ofLESSOR now orhereafter existing in, <br />to, or under said leased premises, and additionally LESSEE shall be permitted to use in common <br />with others all streets and other rights off n ress and egress and all runways, taxiways, and designated <br />aprons which are or may hereafter be provided at the Airport. <br />LE. ASE,rERMS-., <br />I . Subject to the provisions contained herein, LESSEE shall pay to LESSOR an annual ground <br />lease pa)q-nent of $0. 15 per square foot, to be paid in advance, beginning on the commencement date <br />Dnp" this pease and continuing regularly thereafter during the term of this lease and any extensions <br />thereof. At its sole option, LESSEE inay prepay any of the rental installments. <br />2. Rental rates may be adjusted by LESSOR at the end of each five-year lease period, computed <br />according to -the Consumer Price Index (CPI) -fo,r Dallas -Fort Worth, Texas, if other rates prevailing <br />in the Pan's area for shnilar -facilities are not available. <br />