2009-063-RES-Red River Valley Fair

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LEASE AGREEMENT This agreement is made and entered into by and between Red River Valley Fair Associatior, Inc., a non-profit organization, hereinafter re`err2d to as Lessor, and Hopewell Volunteer Fire Department a r.on-profit organization, hereinafter referred to as Lessee. For and in consideration of the mutual promises nerein expressed the Lessor and LesseP do hereby agree to the following: WITNESS T0: I. PURPOSE OF LEASE: The Lessee wishes to lease frem the Lessor cer-uain spacp to conduct bingo operations licensed by the State ot Texas only. II. PREMISES: Lessor agrees to lease and the Lessee agrees Lessor the following described property, all the Time Bingo Building on the property, located Street, Paris, Lamar County, Texas for the occasions per week as designated on the Less license. to lease from the floor area in Biy at 1875 Fitzhugh number of bir~.go ee' s Texas Binao III. DUTIES OF LESSOR: Lessor shall provide parking facilities, equ.iNment ar.d utiiities. IV. TERM: The term of this lease wi11 be for a period from the 15th cay of June 2009 to the 15th day of June 2010. V. CONSIDERATION: The Lessee will pay the Lessor the amount of $250.00 Per whole session (Bingo occasion). The consideration for tne lease of this building shall be due and payable monthly. The first payment will be due and payable monthly after the execution of ``nis lease, with rent payments being due and payable rnonthly each ar.d every month thereafter, prior to the last business day oz the month, during the term of this lease. Total rental for any month may not in any case exceed $600.00 per bingo occasion actually conducted by lessee during that month. Lessee shall make payment. te the Lessor at: Red River Valley Fair Associatior,, Inc. 570 East Center Street Paris, Texas 75460 FXH181T L