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2012-046 RES APPROVING NEW LEASE AGREEMENT BETWEEN COP AND CAREY EATHERLY FOR 698.9 ACRES OF LAND AT COX FIELD AIRPORT
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2012-046 RES APPROVING NEW LEASE AGREEMENT BETWEEN COP AND CAREY EATHERLY FOR 698.9 ACRES OF LAND AT COX FIELD AIRPORT
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8/21/2012 10:46:14 AM
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CITY CLERK
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Engineering, Planning and Community Development, the Airport Advisory Board, and by the <br />Paris City Council as required by City ordinance. <br />Sec. 8.7. LESSEE shall be responsible for maintaining, repairing and/or replacing all fences, <br />gates and other structures located on the Premises throughout the term of the Lease and any <br />extensions thereof. <br />Sec. 8.8 LESSEE will take good care of the Premises and be responsible and make good to <br />LESSOR for all injuries and damages to the same caused by LESSEE or those under it and will <br />return same to LESSOR at the expiration or termination of this Lease in as good condition as when <br />received, usual wear and tear alone excepted; and the LESSEE will at the termination or expiration <br />of this lease, peaceably yield up to LESSOR all and singular the Premises and all improvements, <br />additions or repairs to or upon same in good repair, including but not limited to structures, <br />equipment and fences owned by the City of Paris and fences acquired or erected by LESSEE <br />during the Lease term. <br />Sec. 8.9. All additions or improvements made to the said Premises by LESSEE, or at its instance <br />or request, shall at once become the property of LESSOR and shall be surrendered to LESSOR at <br />the termination or expiration of this Lease; except that in those instances wherein it is specifically <br />provided for ownership to remain with LESSEE. <br />Sec 810. LESSOR reserves the right of all concessions and the right to park aircraft along the <br />taxiways and runways on the Premises in the event of an air show or fly-in sponsored by the City <br />of Paris, the Lamar County Chamber of Commerce, Paris Economic Development Corporation, <br />Visitors & Conventions Council or such other agency or affiliate of LESSOR. <br />Sec 8.1 L LESSEE, its successors and/or assigns, agree that in the event facilities are constructed, <br />maintained or otherwise operated on the Premises for a purpose for which a Department of <br />Page 6 of 11 <br />
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