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<br />REAL ESTATE PURCHASE AGREEMENT
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<br />STATE OF TEXAS ~
<br />
<br />KNOW ALL MEN BY THESE PRESENTS
<br />
<br />COUNTY OF LAMAR ~
<br />
<br />This Real Estate Purchase Agreement (this Agreement) is made as of this 17th day of
<br />March, 2003, by and between the City of Paris, Paris, Texas, a municipal corporation, acting by
<br />and through its City Manager, Michael E. Malone, duly authorized, hereinafter called Seller, and
<br />the Chamber of Commerce of Lamar County, Inc., Paris, Texas, acting by and through its
<br />President, Gary Vest, duly authorized, hereinafter called Buyer.
<br />
<br />WHEREAS, the City of Paris and the Chamber of Commerce are currently joint owners
<br />in that Property located at the northwest comer of the intersection of 17th Street S.B. and
<br />Clarksville Street in the city of Paris (hereinafter referred to as the "Property"); and,
<br />
<br />WHEREAS, said Property and accompanying Building (hereinafter referred to as the
<br />"Building") were originally purchased by the Chamber of Commerce by Warranty Deed dated
<br />February 1,1983, found at Volume 654, Page 164 of the Deed Records of Lamar County, Texas,
<br />said Building being purchased to be used as the central offices of the Lamar County Chamber of
<br />Commerce; and,
<br />
<br />WHEREAS, thereafter, the Chamber of Commerce offered to the City of Paris and the
<br />City of Paris accepted the offer of the purchase of an undivided three-tenths (3/10) interest in and
<br />to the aforesaid Property, for the purchase price of $100,000.00, and the City of Paris accepting
<br />said offer, by General Warranty Deed dated March 27, 1984, the same being found at Volume
<br />670, Page 14 of the Deed Records of Lamar County, Texas, purchased and acquired the aforesaid
<br />three-tenths (3110) interest in said Property; and,
<br />
<br />WHEREAS, thereafter, the City of Paris entered into a series of lease agreements with
<br />the Lamar County Chamber of Commerce whereby the City's undivided three-tenths (3/10)
<br />interest in the Property was leased by the Lamar County Chamber of Commerce in exchange for
<br />the aforesaid Chamber of Commerce using the aforesaid premises in part for Visitors and
<br />Convention Council activities, as permitted by Section 30-38 of the Code of Ordinances of the
<br />City of Paris; and,
<br />
<br />WHEREAS, thereafter, the City of Paris, on behalf of the Chamber of Commerce, sought
<br />and received approval for a grant from the Texas Department of Transportation (TxDOT) to
<br />substantially rehabilitate and reconstruct that building known as the Santa Fe-Frisco Depot, a
<br />historical structure located at 1125 Bonham Street, with the understanding between the City and
<br />the Chamber that upon final rehabilitation of said structure, the Chamber would occupy said
<br />structure to conduct Chamber of Commerce, Paris Economic Development Corporation, and
<br />Visitors and Convention Council activities, in addition to utilizing a portion of said structure for
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<br />Page 1 of 8
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<br />EXHIBIT A
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