2003-049-RES AWARDING LEASE ON PROPERTY AT LOTS 6 & 7, BLOCK 251A

Home Browse Search

~ LEASE AGREEMENT COUNTY OF LAMAR } } } KNOW ALL MEN BY THESE PRESENTS: STATE OF TEXAS TffiS LEASE AGREEMENT is made this 10th day of February, 2003, by and between the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, Michael J. Pfiester, duly authorized, hereinafter referred to as LESSOR, and JAMES McFATRIDGE, 611 14th Street N.E., Paris, Lamar County, Texas 75462, hereinafter referred to as LESSEE, WITNESSETH For and in consideration of the payment of the sum of THREE THOUSAND SIX HUNDRED AND NO/lOO DOLLARS ($3,600.00) per year, payable to the CITY OF PARIS, a municipal corporation, as follows: $300.00 on or before February 15,2003, with a like payment on or before the 15th day of each month thereafter during the remainder of the term hereof, said CITY OF PARIS does hereby lease, rent, and let unto JAMES McFATRIDGE that certain property located on part of Lots 6 and 7, City Block 251A, being number 1231 N. Main Street, Paris, Texas, more fully described on Exhibit A, attached hereto and made a part hereof. 1. TERM The term of this lease is for one (I) year, beginning on the 15th day of February, 2003, and ending on the 14th day of February ,2004, at which time and on which date the same shall terminate, unless sooner terminated as herein specified and provided, during which time LESSEE may and shall occupy the same and use the same as an automobile sales lot, and for no other purpose. It is further agreed by LESSOR and LESSEE that LESSEE shall have the option to renew such Lease for an additional period of one (1) year, the rental for the renewal to be in the sum of EXffiBIT A Lease Allreement...Page 1