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2080 RES CITY COUNCIL IN RES NO 1696 AUTHORIZE LEASING OF CERTAIN FAIR GROUND PROPERTY TO RED RIVER VALLEY EXPOSITION INC
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2080 RES CITY COUNCIL IN RES NO 1696 AUTHORIZE LEASING OF CERTAIN FAIR GROUND PROPERTY TO RED RIVER VALLEY EXPOSITION INC
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11/28/2017 8:54:25 AM
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CITY CLERK
CITY CLERK - Date
2/9/1981
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IN CONSIDERATI.ON HE'REOF, it is mutually agreed by and <br />between Lessor acld Lessee: <br />(1) That Lessee will, at its sole cost and expensta, effect <br />repairs to all existing bLiildings arxcl str. izctures «n the lease:l pre.- <br />mises, as speecizly as it can finance same, so rhat same tiv~ill be safe <br />and suitable for the ptirposes fQI" VU111C:ti t11ey may be used by Lessee <br />and will keep and maintain same ir: good, safe and sanitary condi.tion. <br />(2) Tt1at no repairs, improvements ar chariges in location or <br />otherwise, will be made to an}f buildings, structirxes or other tliings <br />Iocated therean nor will azly new struct-ures be plaeed orl any part of <br />the leased pretiziscs without [he priar approval of IJessor. <br />(3) That Lessee, for ttie benefit of Lessox-, wil1 keep all <br />buildings ar►d other insurable improvements on the lcasec_I premiscs <br />insured against Ivss by fire, lightning arld all risks included in the <br />terizZ "extended coverabe" to the full extent of their insurable value <br />and shall pay aIi p:remiiims due ttzereon when dtte. It is expressly <br />provided that such insurance policy or policier shall and rnust be <br />w.ritten and issued by a reputablc insurance company or companies, <br />subject to approval by rhe Citv Atrc>rney of the City of Pasis, and <br />Lessee or its insurance carri.er or carriers sliall deliver a copyr <br />of any such policies to the Cit_y Clerk of r.he City of Paris, or furnish <br />Co said City Clerk a current letter or certiticate frorn such company <br />or companies, evidencing t;lE fact that sucli iilsurance is in full force <br />and effect at all times durinb this lease and any extension thereof. <br />(4) That Lessee will, at its sole cost atid expense, keep a <br />caretaker on said premises for• the purpose of pzevenring injury ar <br />damage to the leasea prei-nises and all struc.tures thes-can. <br />(5) II1at Lessee will pay foz- aL1 Iighrs, wate:e, heat and/or <br />otller t.itiliti.es used ori tlic leaseci pr-emises. <br />
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