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1991-057-RES WHEREAS, the City Council of the City heretofore in Resolution No. 87-046, passed 1987, approve the
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1991-057-RES WHEREAS, the City Council of the City heretofore in Resolution No. 87-046, passed 1987, approve the
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8/18/2006 4:33:21 PM
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CITY CLERK
Doc Name
1991
Doc Type
Resolution
CITY CLERK - Date
6/10/1991
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<br />delivering to the City of Paris as rental or lease money a <br />llum equal to ten per cent (10%) of said gross receipts, <br />income from the operation of the miniature golf course, or <br />any other amusement placed on and used in the aforesaid <br />property. <br />In the event that LESSEE shall keep each and every <br />agreement contained herein and do and perform all the <br />obligations required of LESSEE hereunder during the term of <br />this lease, an option is hereby given and granted to LESSEE <br />to renew and extend this lease for an additional period of <br />five (5) years from and after the expiration of this <br />agreement, for and in consideration of the delivery of <br />monthly payments, on the 1st day of each month, to the City <br />Clerk of the City of Paris, during the term of said five- <br />year option period, a certified statement of the gross <br />receipts accruing to and from the operation of the amusement <br />center and each facility thereof for the immediately <br />preceding month, therewith paying and delivering to the City <br />of Paris as rental or lease money a sum equal to ten per <br />cent (10%) of said gross receipts, income from the operation <br />of the miniature golf course, or any other amusement placed <br />on and used in the aforesaid property. Said option may be <br />exercised by LESSEE'S giving notice in writing of LESSEE'S <br />intention to renew said lease on or before the 1st day of <br />Harch, 1992. <br />In consideration whereof, LESSOR and LESSEE mutually <br />agree as follows: <br />(1) That LESSOR let and lease to LESSEE the above <br />described property and premises at the rental and for the <br />term and consideration hereinabove set out, and upon the <br />
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