Laserfiche WebLink
<br />LEASE AGREEMENT <br /> <br />STATE OF TEXAS <br /> <br />~ <br />~ <br />~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF LAMAR <br /> <br />That the CITY OF PARIS, a municipal corporation, acting by <br /> <br />and through its City Manager, Michael E. Malone, duly authorized, <br /> <br />hereinafter referred to as LESSOR, and JAMES M. WRENN, JR., of <br /> <br />Lamar County, Texas, hereinaf ter referred to as LESSEE, <br /> <br />WITNESSETH: <br /> <br />For and in consideration of the payment of monthly rental, <br /> <br />due on or before the 1st day of each month, to the LESSOR, and <br /> <br />each month thereafter, as follows: $325.00 per month, plus <br /> <br />utilities, said LESSOR does hereby lease, rent and let unto <br /> <br />LESSEE that portion of Cox Field property known as the main <br />hangar and described on Exhibit A attached hereto and made a part <br />hereof for all legal purposes. <br /> <br />The term of this lease is five (5) years, beginning on the <br /> <br />1st day of March, 1990, and ending on the 28th day of February, <br /> <br />1995. <br /> <br />The rent established herein shall be increased or decreased <br /> <br />annually, in February of each year, in the percentage amount of <br /> <br />increase or decrease in the Consumer Price Index for All Urban <br /> <br />Consumers, (CPI-U United States City Average (1982-84=100.0) <br />above or below the rate for January, 1990, which shall be <br /> <br />determined to equal 127.4 as appropriate. <br /> <br />IN CONSIDERATION HEREOF, it is mutually agreed by and <br />between LESSOR and LESSEE: <br /> <br />1. That LESSEE pay to LESSOR, or order, at the City Hall <br /> <br />in the City of Paris, the agreed rental in advance, promptly and <br /> <br />without neglect, default or delay. <br />2. That this lease is subject to all the terms, provisions <br />