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<br />LEASE AGREEMENT <br /> <br />STATE OF TEXAS ~ <br />~ <br />COUNTY OF LAMAR ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />THIS AGREEMENT MADE AND ENTERED INTO this 10th day of February, 1997, <br /> <br />by and between the CITY OF PARIS, a municipal corporation, acting by and through its Mayor duly <br /> <br />authorized, hereinafter referred to as LESSOR, and RED RIVER V ALLEY GIRL SCOUT <br /> <br />COUNCIL OF TEXAS, a corporation, acting by and through its President duly authorized, <br /> <br />hereinafter referred to as LESSEE, WITNESSETH: <br /> <br />That the said LESSOR does by these presents lease and demise unto the said LESSEE the <br /> <br />following described property, to-wit: <br /> <br />SITVA TED within the corporate limits of the City of Paris, County of Lamar <br />and State of Texas, a part of the Hobbs #A447, N. Matheison #A640, Wallace <br />#A 1035 and Harrell #443 Surveys, and being a part and portion of Lake Gibbons and <br />the property owned by the City of Paris and known as the Lake Gibbons property, <br />and being more particularly described as follows: <br />BEGINNING at the most eastern southeast corner of said Lake Gibbons <br />property; <br />THENCE westerly with the boundaries of said Lake Gibbons property to the <br />northwest corner of the Hathaway property; <br />THENCE N 350 W across said lake and lake property approximately 3345 <br />feet to a point on the north boundary line of said property, said point being the west <br />end of the most northerly boundary line; <br />THENCE southeasterly with the meanders of the present boundaries of said <br />property to the place of beginning. <br /> <br />for a tenn offive (5) years from the date of this agreement, with an option to renew said lease at the <br /> <br />expiration of the primary term, for an additional period of five (5) years by giving notice in writing <br /> <br />of the intention of LESSEE to renew said lease thirty (30) days prior to the expiration of he primary <br /> <br />tenn of said lease, to be occupied and used for the benefit of the Girl Scouts, and not otherwise, upon <br /> <br />the covenants and conditions following: <br /> <br />1. The Red River Valley Girl Scout Council of Texas shall pay to the City of Paris the sum of <br />