07 - Dragon Park Lease - Laserfiche WebLink

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LEASE AGREEMENT STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR THIS LEASE AGREEMENT is made this 9th day of October, 2023 by and between PARIS JUNIOR COLLEGE, acting by and through its President of the Board of Regents, Curtis Fendley, duly authorized, hereinafter referred to as "PJC," and the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, Paula Portugal, duly authorized, hereinafter referred to as "CITY." WITNESSETH For and in consideration of the improvement of the leased property, a general description of which is attached hereto as Exhibit A, and the maintenance of the improvements on the leased premises, PJC does hereby lease, rent, and let unto CITY the property described on said Exhibit A, attached hereto and made a part hereof for all legal purposes. The purpose of the lease is to establish a sports complex known as "Dragon Park." The term of this lease is for a period of one (1) year, beginning October 1, 2023 and ending September 30, 2024. It is mutually agreed by and between PJC and CITY: 1. CONSIDERATION As consideration hereof, CITY agrees to maintain the property described in Exhibit A, attached hereto, for park and sports complex purposes throughout the term of this Lease Agreement. 2. HOLD HARMLESS That to the extent allowed by law, CITY agrees that neither party shall be liable to the other, its members, invitees, agents, servants, employees, licensees, or visitors due to the parking lot, when used as part of the park, or any other condition of the premises being improperly constructed, maintained, or being or becoming out of repair, CITY hereby waiving any defects thereon. As additional consideration supporting this lease agreement, CITY will add PJC as an additional insured on its insurance coverage relating to the park premises. 3. OPTION That CITY shall have the option to continue this lease on the terms and conditions on a year to year basis on or before August 1 of each year subject to PJC'S right to terminate the lease after the initial term upon 90 days' written notice to CITY.