2009-066-RES-Construction of a new hangar at Cox field

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GROUND LEASE AGREEMENT COUNTY OF LAMAR ) ) KNOW ALL MEN BY THESE PRESENTS: STATE OF TEXAS ) THIS LEASE AGREEMENT is made this 22nd day of June, 2009, by and between the CITY OF PARIS, TEXAS, a home rule municipal corporation, acting by and through its City Manager, Kevin Carruth, duly authorized, hereinafter referred to as LESSOR, and William T. Boothe, 2563 CR 43200, Powderly, Lamar County, Texas 75473, hereinafter referred to as LESSEE. WITNESSETH For and in consideration of the construction of a new airplane hangar, concrete apron and related improvements as further described herein and the payment of the monthly ground lease rental to the LESSOR as provided herein LESSOR does hereby lease, rent, and let unto LESSEE that portion of Cox Field real property more particularly described in Exhibit "A," attached hereto and made a part hereof for all purposes, hereinafter referred to as the property or leased premises. LESSEE hereby leases the leased premises from LESSOR subject to the terms, covenants and conditions stated below, and shall have the right and privilege to construct and maintain certain improvements as described herein on the leased premises. LESSEE has inspected the leased premises to his satisfaction and accepts the Leased Premises in its present ("as-is") and ("where-is") condition unless expressly noted otherwise in this Lease. LESSOR its officers, employees and agents make no express or implied warranties as to the condition or fitness for a particular purpose of the leased premises. LESSEE must satisfy itself that the leased premises may be used as LESSEE intends by independently investigating the property and all matters related to the use of the leased premises. LESSEE agrees that it has not relied on any warranty or representation made by LESSOR concerning the condition of the leased premises or the fitness of the leased premises for any particular purpose. LESSEE shall be solely responsible for maintenance of the leased premises and for providing insurance coverage on the leased premises and any improvements thereon upon the effective date of this Lease. Han¢ar Lease A¢reement - page 1 EXHIBIT g.