23-Construction of a hangar at Cox Field

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highest and best bid meeting all criteria established by the LESSOR for rental of the property. When the LESSOR has determined the successful bid, the LESSOR shall thereafter offer LESSEE the opportunity for thirty (30) days to lease the premises on the same terms and conditions as applicable to the designated successful bidder. The LESSEE shall, within the thirty (30) day offer period, provide notice to LESSOR in writing as to whether or not LESSEE desires to re-lease the facility on the basis of the successful bid. If the LESSEE declines to match the successful bid, or fails to respond within the designated thirty (30) day period, then the LESSOR may proceed in leasing the facility to the designated successful bidder, and the LESSOR's obligation to LESSEE under this right-of-first-refusal shall have been satisfied. IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR and LESSEE as follows: 1. That LESSEE pay to LESSOR at the Finance Department, 135 lst Street SE, City Hall in the City of Paris, the agreed rental in advance, promptly and without neglect, default, and delay. In the event LESSOR fails to receive any payment within ten (10) days after the same is due, a late payment penalty equal to 10% of such payment shall be charged to LESSEE. In the event LESSEE shall become delinquent for more than thirty (30) days, this Lease may be terminated by LESSOR as further stated herein. 2. That this Lease is subject to all the terms, provisions, and conditions of the deed of conveyance of such premises from the United States of America to the City of Paris, recarded in Book 308, Page 287, Deed Records of Lamar County, Texas, to which reference is made for all purposes. 3. That LESSEE, his successors or assigns, agree that, in the event facilities are constructed, maintained, or otherwise operated on the said property described in this Lease for a purpose for which a Department of Transportation program or activity is extended or for another purpose involving the provision of similar services or benefits, LESSEE shall maintain and operate such facilities and services in compliance with all other requirements imposed pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-Assisted Programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations HanEar Lease Aereement - page 3 ~ it