1985-084-RES WHEREAS, the City Council of the City of Paris, has received a request from ERIC C. CLIFFORD and

Home Browse Search

"' LEASE AGREEMEN~' THE COUNTY OF LAMAR ) ) STATE OF TEXAS ) KNOW ALL MEN BY THESE PRESENTS: LEASE AGREEMENT BETWEEN THE CITY OF PARIS, a municipal corporation, acting by and through its City Manager, DAVID DOTY, duly authorized, hereinafter referred to as Lessor, and ERIC S. CLIFFORD and VICTOR ABELES, of Lamar County, Texas, hereinafter referred to as Lessees, WIT N E SSE T H For and in consideration of the payment of the sum of TWENTY FOUR THOUSAND AND NO/IOO ($24,000.00) DOLLARS, payable to the CITY OF PARIS, a municipal corporation, as follows: $200.00 on or before September 1, 2010, with a like payment on or before the 1 st day of each month thereafter during the remainder of the term hereof, said CITY OF PARIS does hereby lease, rent and let unto ERIC S. CLIFFORD and VICTOR ABELES, that portion of Cox Field property described ln Exhibit "A", attached hereto and made a part hereof tor all legal purposes. The term of this lease is for Thlrty-five (35) years, beginning on the 1st day of September, 1985, and ending on the 31st day of August, 2020. It is further agreed to by Lessor and Lessees that Lessees shall have the option to rene" such lease for an addi tional period of ten (l0) year s, the rent a 1 tor the renewal to be based on the talr market value at the time of renewal, being the approxirrlfJ tp date of September, 2020. IN CONSIDERATION HEREOF, lt is mutually agreed by and between Lessor and Lessees: