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05-A Cox to Cebridge Assignment
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05-A Cox to Cebridge Assignment
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Last modified
3/10/2006 2:50:02 PM
Creation date
3/10/2006 1:12:41 PM
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Template:
AGENDA
Item Number
5-A
AGENDA - Type
RESOLUTION
Description
Legion Airport
AGENDA - Date
3/13/2006
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<br />, <br />, <br /> <br />AMENDED LEASE AGREEMENT <br /> <br />STATE OF TEXAS <br /> <br />~ <br /> <br />. COUNTY OF LAMAR <br /> <br />~ <br /> <br />This amended lease agreement (the ''Lease'' or the "Agreemelit") in duplicate made and <br /> <br />entered into by and between the CITY OF PARIS, a municipal corporation, hereinafter called Lessor <br /> <br />and COX SOUTHWEST HOLDING. L.P., hereinafter called Lessee. WITNESSETH: <br /> <br />1. That the leased premises consist of the following described property of Lessor. located in <br /> <br />Lamar County, Texas, being a part of what is commonly known as the Legion Airport <br /> <br />properties located West of North West 19th Street in the City of Paris, Texas. and bounded <br /> <br />as follo\-\'s: <br /> <br />Beginning at a point in a fence line and anE. B. Lin( of said Legion Airport <br />properties. which point is 1103 feet West and 960 fed South of the most Easterly S. <br />E. corner of said Legion Airport properties. said corner being on the \\'. B. Line of <br />19th N. \Y. Street; Thence South w'ith said fence and boundary line 600 feet to a S. <br />E. corner of said Airport property; Thence in a Westerly direction along a South <br />BOllndal)' Line of said Airport property. a distance of 670 feet, more or less. a pin in <br />an ell corner of said Airport property; Thence North 9 Deg. 5 Min. West with an <br />existing fence line a distance 01'600 feet. morc or less. a pin: Thence N. 80 Deg. 25 <br />Min. E. a distance 01'654 feet. more or less to the place of beginning. containing 9.1 <br />acres. more or less, <br /> <br />2, The term of this Lease shall be for five (5) years. beginning on the I st day of October. 2005, <br /> <br />and ending on the 30th day of September. 2010. automatically renewable thereafter on <br /> <br />October L the anniversary date thereof, for four (4) additional fi\'e (5) year terms. ending <br /> <br />finally on the 30lh day of September 2030: provided however. the City may terminate this <br /> <br />Agreement prior to the automatic renewal of any annual term by giving written notice of <br /> <br />termination to Lessee at least sixty (60) days in advance of the anni versary date thereof. <br /> <br />3. The initial annual rent due and payable to Lessor by Lessee. for the lease of the above <br /> <br />_._-"~ --.-- <br /> <br />Alllended Least' Agreelllent - Page I <br /> <br />EXHIBfT A <br />
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