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STATE GF 1'r:XAS ~
<br />COUNTY OIa' LAMAR ~
<br />LEASL AGREEMENT
<br />KNOG1 ALL t-IEN BY THESE PRESENTS ;
<br />THIS LEASE AGREEMENT, made and entered inta this 12th,
<br />day of April, 1982, by and.between the CLTY OF PARIS, Paris,
<br />Texas, a municipal corporati_on, hereinafter called LESSOR,
<br />and KENNETH GII'FnRD, o.f. Larnar County, Texas, hereinafter
<br />called LESSEE. GJITrvESSETH :
<br />Far L'-ie terni anct cans i.deration , and upon tize terriqs,
<br />specifieatiol-is and conditions herein p.rescribed and spec.i-
<br />fied, LESSOR does hereby let and lease L-a LESSEE, KENNETH
<br />CTIF"F'QRD, ai.l that portion of Culbertson Park, a recreation
<br />area owned by said CII'Y 0F PARIS, bounded an the North by
<br />Neathery Street, bounded an the East by 17th Street, S, E,,
<br />bouslded or, the Satith by East Hearon Street, and bounded orl
<br />the West by a fence r.unnin.~?; clue North and South from
<br />Neathery Street tct East Iiearan Street, whi_ch fence is lo-
<br />cateci vn ttie West Side of the miniature g;olf course now
<br />existix~f, on the area invoLved, being the area now under
<br />fencc on the ex.treme East porCion of Culbertson Park,
<br />The term af: this lease sizall be for a periad of five
<br />(S) years fro:a and aftr,r Azpril l, 1982, that is from April l,
<br />1982 through March 31, 1987, aL which time and an whi.ch ciate
<br />t?ze same shall terminate, unless soone.r terminated as he.rein
<br />specified and provided, dux-ing tiahich term LESSEE may and
<br />shall occupy the 7ame and use the same as an amusement and
<br />recreatian center, and f_or no othe.r purpasQ, on consideratfon
<br />of and for which, LESSEE, KENNET:i. GIFFORD, contracts, agrees
<br />and oblig;ates himself, hi_s heirs and assigns, that he will
<br />pay and deliver aver to t::ie. City Clerk of the City af Paris,
<br />month:ly, on the ist day of eac.h :nonth herea£ter, during the
<br />term of sai_d 1e3se, a certi.fiad state.ment o'L the gross re-
<br />ceipts accrizing to ar.iu irom the operat3..on of the amusement
<br />center arid each facility t.dereof for the immediately pre-
<br />ceding month, therewith paying and delzveririg ta the City of
<br />Paris as r.ental. or lease money a sum equal to ten per cent
<br />(107.) of said gross receipts, income from the c>peration of
<br />the :niniatu7-e gol:E course, or any ather amusement placed on
<br />and used izg the all'oresaid propPrty.
<br />In trie event that LESSEE shal_1 keep each and every
<br />agreer.lerit contai.ned ?-rerein and do and perform all the obli-
<br />bations rec~uired of LE:~SEE hereunder during the term af this
<br />lease, an option is nereby ~;zven and branted to LESSEE to
<br />ren.ew and extezzd this lease for an additional period of five
<br />(S) year.s frozr: and after the expzration of this agreement,
<br />far and in cGnsideration of the deliveryo uf monthly payments,
<br />on t;:7e 1st ciay of each mont'h, tc the City Clerk of the City
<br />of Paris, during the term iaf said five-year option per.iod,
<br />a certified statement of L'ne gross receipts accruing to and
<br />from the opera.fii.on af the amusement center and each facility
<br />thereo-IL' for 1--h.e i.nlmediately preceding month, therewith payi.ng
<br />and deli_verin` to the C;ity of Pari_s as rental or lease money
<br />a sum equaI to ten per cent: (10%) of sai_d gross receipts,
<br />income trclm the operation of the miniature golf course, or
<br />any other amuserlent placed on and usFd in the aforesaicl prop-
<br />erty. Said option be exerc : sed by LESSEE' S giving notice
<br />in writing of LESSEE' S intent.ion to renew said 1e.ase on ar
<br />before the 1st day o:f March, 1987.
<br />EXHIBIT A
<br />TO RESOLUTION N0. 2155
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