Laserfiche WebLink
space for TEN (10) years for THIRTY-TWO THOUSAND FOUR HUNDRED AND NO/100 <br />DOLLARS ($32,400.00), payable as aforesaid. <br />In the event that final termination of said Lease occurs during the second option, there shall <br />be no payment due LESSEE. However, the City of Paris may agree to give LESSEE hangar space <br />of equal quality, size and usefulness, and LESSEE are granted the righY to lease such substitute <br />space for TEN (10) years, at a rental rate to be based on either $.06 per square foot or the fair <br />market value at the time of the exercising of the opCion, whichever is greater. <br />20. The terms of this Lease are binding on, and the benefits herein inure to, the heirs, <br />administrators and executors of LF.SSEE. <br />EXECUTED ON the dates shown in acknowledgments below. <br />ATTEST: <br /> <br />Mattie Cunnir.gham, City Clerk <br />APPROVED A TO FORM: <br />T. K. aynes, Ci Attorney <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS, PARIS, TEXAS, <br />LESSOR: <br />By: <br />Michael E. Malone, City Manaaer <br />i <br />LESSEE <br />by RA Adams <br />BEFORE ME, the undersigned authority, on this day personaliy appeared Michael E. <br />Malone, Ciry Manager of the Ciry of Paris, Paris, Texas, known to me to be the person whose <br />name is subscribed to the foregoing instrument, and acknowledQed to me that he executed the same <br />for the purposes and consideration therein expressed and in the capacity therein stated. <br />GIVEN UNDER MY HAND AND SEAL OF OFFICE this the 9th day of March, 1998. <br />ALICE M. PINAL70 Notary Public, State of Texas <br />Notary Puhlic, State oi Texas <br />Commission Expires 01•29-~~ Lease Aereement - page 7 <br />- -1.4.4 <br />