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1977
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1977
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CITY CLERK
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I <br />Lease No. DOT- FA77SIV -1259 <br />SFO /EFAS <br />Cox Field <br />Paris, Texas <br />9. RENEWAL OPTION: <br />This lease may, at the option of the Government, be -renewed from <br />year to year at an annual rental of Eight Hundred Twenty -Eight and <br />No /100 Dollars ($828.00) payable at the rate of Two Hundred Seven and <br />No /100 Dollars ($207.00) per Government fiscal quarter in arrears and <br />otherwise upon the terms and conditions herein specified. The Govern - <br />ment's option shall be deemed exercised and the lease renewed each <br />year for one year unless the Government gives thrity (30) days' notice <br />that it will not exercise its option before this lease or any renewal <br />thereof expires; PROVIDED, That no renewal thereof shall, extend the <br />period of occupancy of the premises beyond the thirtieth (30th) day <br />of September, 1987; AND PROVIDED FURTHER, That adequate appropriations <br />are available from year to year for the payment of rentals. <br />10. CANCELLATION: <br />The Government shall have the right and privilege to cancel.this <br />lease at any time during the term of this lease or during the term of <br />any renewal thereof upon giving the Lessor thirty (30) days' notice <br />in writing, such notice to be computed from the date of the postmark <br />on the envelope in which said cancellation notice is mailed, and no <br />rentals shall accrue after that date; EXCEPT, That portion of the lease <br />pertaining to electric service. Electric power is calculated in this <br />lease at $25.00 per month or $300.00 per year to include the operational <br />power for the installation, which may be renegotiated by either party <br />upon thirty (30) days' notice as defined above, and the monetary con-. <br />sideration of this lease adjusted therefor. <br />11. ANTENNA PLATFORM: <br />The Lessor grants the Government the.right to construct and <br />maintain an antenna platform approximately 3 feet by 10 feet on the <br />roof of the Hangar Building. The Government shall furnish the Lessor <br />specifications for antenna platform for approval prior to construction. <br />12. SECURITY LOCK: <br />The Lessor grants the Government the right to replace the existing <br />door lock with a security lock. <br />
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