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<br />LEASE AGREEMENT
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<br />COUNTY OF LAMAR
<br />STATE OF TEXAS
<br />THIS LEASE AGREEMENT is made this 9th day of October, 1995, by and between
<br />the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its City
<br />Manager, Michael E. Malone, duly authorized, hereinafter referred to as LESSOR, and MARK
<br />BUSTER, P. O. Box 22 I 9, Sulphur Springs, Texas, hereinafter referred to as LESSEE.
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<br />KNOW ALL MEN BY THESE PRESENTS:
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<br />WITNESSETH
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<br />For and in consideration of the payment of the sum of THIRTY THOUSAND AND
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<br />NOnOO DOLLARS ($30,000.00), payable to the CITY OF PARIS, a municipal corporation,
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<br />as follows: $250.00 on or before October IS, 2020, with a like payment on or before theIst
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<br />day of each month thereafter during the remainder of the term hereof, said CITY OF PARIS
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<br />does hereby lease, rent and let unto MARK BUSTER, that portion of Cox Field property
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<br />described in Exhibit" A", attached hereto and made a part hereof for all legal purposes.
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<br />The term of this Lease is for THIRTY-FIVE (35) years, beginning on the 15th day of
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<br />October, 1995, and ending on the 14th day of October, 2030.
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<br />It is further agreed to by LESSOR and LESSEE that LESSEE shall have the option to
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<br />renew such Lease for an addi tional period of TEN (10) years, the rental for the renewal to be
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<br />based on the fair market value at the time of renewal, being October 15, 2030.
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<br />IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR and
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<br />LESSEE:
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<br />l. That LESSEE pay to LESSOR, or order, at the City Hall in the City of Paris, the '
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<br />agreed rental in advance, promptly and without neglect, default and delay.
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<br />2. That this Lease is subject to all the terms, provisions and conditions of the deed
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<br />of conveyance of such premises from the United States of America to the City of Paris, recorded
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<br />in Book 308, Page 287, Deed Records of Lamar County, Texas to which reference is maddor
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<br />all purposes.
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<br />3. That LESSEE, his successors or assigns, agrees that, in the event facilities are
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<br />constructed, maintained, or otherwise operated on the said property described in this Lease for
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<br />a purpose for which a Department of Transportation program or activity is extended or for
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<br />Lelt~e Acreement - pngc I
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<br />EXHIBIT .A.
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