Laserfiche WebLink
AIRPORT GROUND LEASE AGREEMENT <br />THE STATE OF TEXAS <br />KNOW ALL HIEN BY THESE PRESENTS <br />COUNTY OF LAMAR <br />This Lease Agreement (AGREEMENT) is made by and between the City of Paris, Texas, a home <br />rule municipal corpdration (LESSOR) and ERIK?ARONES (LESSEE) Hangar A-7. <br />Execution of this ground lease agreement initially was approved by Resolution No. 2009-066, and <br />was between William T. BoothWagnumPerfornmee andthe City of Paris. Thetermwas forthirty <br />(30) beginning—June 22, 2009 and -ending June -iii 2039: - AM- issig- of Lease -was <br />executed.June 8, 2015; transferring the ground lease to Erik Zarones. On March 14, 2016, City <br />Council approved a five year extension of said ground lease to En'k Zarones beginning June 21, 2039 <br />and ending June 22, 2044. On December 10, 2018, City Council approved an additional five-year <br />extension of said ground lease beginning Jame 21, 2044 and ending June 22, 2049. <br />For and in consideration o£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 LESEE that pm tion of Cox Field real property as <br />LESSEE hereby leases said real property from LESSOR subject to the terms, 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 property "as is." <br />Except to the extent provided herein and subject to the provisions hereof, LESSEE shall have and <br />hold the leased premises, together with all rights, privileges, easements, appurtenances, and <br />immunities belonging to or in any way appertaining to said leased premises, including, but not <br />limited to, any and all easements, rights; title and privileges ofLESSOR now or hereafter existing in, <br />to, or under said leased premiss, and additionally LESSEE shall be permitted to use in common <br />with others all streets and other rights of ingress and egress and all rcmways, taxiways and designated <br />aprons which are or may hereafter be provided at the Airport. <br />LEASE TERMS: <br />I. Subject to the provisions contained. herein, LESSEE shall pay to LESSOR an annual ground <br />lease payment of $0.20 per square foot, to be paid in advance, beginning on the commencement date <br />ri <br />6',4 A <br />