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LEASE AGREEMENT <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />This Grouild Lease is -made and entered into by and between the City of Paris, Texas, a <br />home -rule municipal corporation, hereinafter- called LESSOR and Red River Valley Veterans <br />Memorial, lac., a Texas Non Profit Corporation, 296 CR 4.3330, Paris, Texas 75467, hereinafter <br />called LESSEE. <br />RECITALS <br />LESSOR is a municipal corporation acting by and through its Charter as a home -rule <br />municipality having all powers granted :to. it by the Texas Constitution and not res#jeted by the <br />laws of the State of Texas, and duly authorized to enter into this Ground Lease pursuant to. <br />Resolution. No.r)6 I -d (o adopted and approved by the City Council of th6 City of Paris, <br />Texas on <br />LESSEE. is a domestic noh-pro& corporation registered and in good standing with the <br />Office of the Secretary of State for the State of Texas and duly authorized to enter. into this <br />Agreement by corporate resolution adopted by its Board of Directors on the day of <br />i�'Abruaju 2011 <br />J s -b : <br />LES SOR-ie fee simple ownei, of a 15.248 acre tract of land being of theGeorge W. <br />Cox'Surv.oy, Abstract Number 164, Patis Lamar. County, -Texas oonveyed.fimm Paris Juni'or <br />Collegelothe'City of Parit on June 1-8,1999.0 and -recorded in volume 121`7, page2.63.of the Lamar <br />County Real Property Records ("`Civic Center Tract!'). <br />LESSEE desires to enter into a ground lease with LESSOR for a 0.9022 acre traot of land <br />out of the Civic Center Tract to construct and develop a memorial to honor the veterans of the Red <br />River Valley, Texas.. LESSEE anticipates that the.Mo morial will drmN, visitoks-and.tourists­to the <br />City of Paris from Northeast Texas, the State of Texas as well as other. parts of the country. <br />the country, <br />The City Council of -the City. of Paris. the Visitors <br />isitars and Convention Council and the Love <br />Civic Center Governing Board,, collectively support this Memorial Prbject to-honar the Ypterari of <br />the Red River Valley. <br />NOW, THEREFORE; in consideration of the mutual promises and covenants contained <br />herein and other good and valuable consideration, the, receipt and adequacy of which is hereby <br />acknowledged, the parties hereto agree as follows,: <br />Rleia� ver, V a JJ e y Veterans n --s M' ' 'e,in""o- r_.ia" J; e a' P, ig­q_ "1", 6' f ' ' 16"" <br />