2013-037 Approving a Lease Agreement between the City of Paris and Valley of the Caddo Museum and Cultural Center, Inc.

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LEASE AGREEMENT STATE OF TEXAS § COUNTY OF LAMAR § This Lease Agreement ( "Agreement ") is made and entered into by and between the City of Paris, Texas, a home -rule municipality (hereinafter "LESSOR "), and Valley of the Caddo Museum and Cultural Center, Inc., a Texas non -profit organization (hereinafter "LESSEE "). For convenience, Lessor and Lessee shall sometimes be referred to herein individually as a "party" and collectively as "parties." RECITALS WHEREAS, Lessor owns the land, building and improvements located at 1125 Bonham Street, Paris, Texas 75460 (hereinafter referred to as the "Depot Building" or the "Property "); and WHEREAS, Lessee desires to lease certain space within the Depot building from Lessor for the purpose of operating the Valley of the Caddo Museum and Cultural Center; and WHEREAS, It is anticipated that the northern end of the Depot Building, previously occupied by the transportation museum, will become the new lease space for the Valley of the Caddo Museum and Cultural Center, ( "Premises "); and WHEREAS, Lessee, in furtherance of and consistent with its purposes desires to lease the Premises from Lessor in accordance with the terms and conditions expressed in this Agreement. NOW, THEREFORE, in consideration of the mutual agreements and covenants of the parties as expressed in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby mutually agree as follows: 1. Property subject to Lease. Subject to the provisions hereof, Lessor hereby leases unto Lessee and Lessee hereby leases from Lessor the Premises as further described and depicted herein. Approximately 1,805 square feet of interior space located on the first floor of the Depot Building, 1125 Bonham Street, Paris, Texas 75460, which property is more particularly described and depicted in Exhibit "A" attached hereto and incorporated herein for all purposes (hereinafter referred to as the "Premises" or "Leased Premises ". 2. LESSEE acknowledges and affirms that the Depot Building is a designated historic structure and that the surrounding Property is designated as a Historic District. Therefore, Lessee agrees to take all measures necessary to preserve and protect the historical character of 1