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1989-013-RES WHEREAS, CITY COUNCIL ON 14TH DAY OF OCTOBER 1985 PASSED
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1989-013-RES WHEREAS, CITY COUNCIL ON 14TH DAY OF OCTOBER 1985 PASSED
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Last modified
8/18/2006 4:34:05 PM
Creation date
4/14/2005 3:13:50 AM
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CITY CLERK
Doc Name
1989
Doc Type
Resolution
CITY CLERK - Date
2/13/1989
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<br />CORRECTED <br />LEASE AGREEMENT <br /> <br />COUNTY OF LAMAR <br /> <br />STATE OF TEXAS <br /> <br />~ <br />~ <br />~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />LEASE AGREEMENT BETWEEN THE CITY OF PARIS, a municipal <br /> <br />corporation, acting by and through its City Manager, Michael E. <br />Malone, duly authorized hereinafter referred to as Lessor, and <br /> <br />ERIC S. CLIFFORD, 810 Lamar Avenue, Paris, Texas, and VICTOR <br />ABELES, of Lamar County, Texas, hereinafter referred to as <br /> <br />Lessees, <br /> <br />WIT N E SSE T H <br /> <br />For and in consideration of the payment of the sum of TWENTY <br /> <br />FOUR THOUSAND AND NO/lOO $24,000.00) DOLLARS, payable to the CITY <br /> <br />OF PARIS, a municipal corporation, as follows: <br /> <br />$200.00 on or <br /> <br />before September 1, 2010, with a like payment on or before the <br /> <br />1st day of each month thereafter during the remainder of the term <br /> <br />hereof, said CITY OF PARIS does hereby lease, rent and let unto <br /> <br />ERIC S. CLIFFORD and VICTOR ABELES, that portion of Cox Field <br /> <br />property described in Exhibit "A", attached hereto and made a <br />part hereof for all legal purposes. <br />The term of this lease is for Thirty-five (35) years, <br /> <br />beginning on the 1st day of September, 1985, and ending on the <br />31st day of August, 2020. <br /> <br />It is further agreed to by Lessor and Lessees that Lessees <br /> <br />shall have the option to renew such Lease for an additional <br /> <br />period of ten (10) years, the rental for the renewal to be based <br />on the fair market value at the time of renewal, being the <br />approximate date of September, 2020. <br /> <br />IN CONSIDERATION HEREOF, it is mutually agreed by and <br /> <br />between Lessor and Lessees: <br /> <br />I. That Lessees Dav to Lessor. or order. at the City Hall <br />
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