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Manager, Michael E. Malone, duly authorized, hereinafter referred to as LESSOR,", and L
<br />ALTO CORPORATION, 6210 N. Central Expressway, Dallas, Dallas County, T6ias,`!a6ti-
<br />,and through Larry Ferguson, duly authorized, RUSSELL GIFFORD, 2915 Margaret Street;
<br />Lamar County, Texas, and BILLY WINTERS and wife, DONNA WINTERS, 1825 F.M. on
<br />195, Paris, Lamar County, Texas, hereinafter referred to as LESSEES.
<br />WITNESSETH
<br />For and in consideration of the repair and renovation of the leased prernises..sh,ow'n
<br />Exhibit "A", attached hereto, and the sum of Twelve Thousand and no/100 Dollars` ($12,000.0
<br />payable to the CITY OF PARIS, a municipal corporation, as follows: $100.00'ori'.or be'fbr*
<br />August 1, 2004, with a like payment on or before the 1st day of each month therea'fter 6ring th6.
<br />remainder of the term hereof; the CITY OF PARIS does hereby lease, rent, and let unio LOMA.,.,;`,*",�-"!:
<br />ALTO CORPORATION the south hangar space shown on Exhibit "A", unto. RUSSELL .-,",.;'.,,',-',,,
<br />GIFFORD the center hangar space shown on Exhibit "A", and unto BILLY WINTERS and wife'; -
<br />DONNA WINTERS, the north hangar space shown on Exhibit "A"
<br />which said hangar. is lo6ht6d'.!--:!;i,`
<br />on that portion of Cox Field property described in Exhibit "B", attached hereto and inade, a- piri.
<br />hereof for all legal purposes.
<br />The term of this Lease is TI (35) years, beginning on the 1st day of August".:1,.'.1.,-".%
<br />and ending on the 31st day of July, 2014.
<br />It is further agreed to by LESSOR and LESSEES that LESSEES shall have the bpfi6n'16;*...:;
<br />renew such Lease for an additional period of FIVE (5) years, the rental for the renewal to
<br />Based on either $.06 per square foot or the fair market value at the time of exercising such first
<br />-6; p tion, whichever is greater, payable to the CITY OF PARTS, a municipal 6orporation,.!
<br />.;as.,,,.,,�..:,;,,,
<br />•611ows: The amount determined at the time of the exercising of the first option is payable onl or, Vii, ,..-,-,
<br />b6 I fore the 1st day of August, 2014, with a like payment on or before the 1st day of each'mion't
<br />Lense A&eement Pn
<br />EXHIBIT A
<br />FIRST AMENDED: J,
<br />AGREEMENT
<br />LEASEAGREE
<br />COUNTY OF LAMAR
<br />KNOW ALL MEN BY THE SR� PRE,
<br />STATE OF TEXAS
<br />THIS LEASE AGREEMENT is made this 7th day of November, 1996, by�*an fid.betwddfi:!j 4
<br />the CITY OF PARIS PARIS,
<br />TEXAS, a municipal corporation, acting by and diro"'u"gh its
<br />Manager, Michael E. Malone, duly authorized, hereinafter referred to as LESSOR,", and L
<br />ALTO CORPORATION, 6210 N. Central Expressway, Dallas, Dallas County, T6ias,`!a6ti-
<br />,and through Larry Ferguson, duly authorized, RUSSELL GIFFORD, 2915 Margaret Street;
<br />Lamar County, Texas, and BILLY WINTERS and wife, DONNA WINTERS, 1825 F.M. on
<br />195, Paris, Lamar County, Texas, hereinafter referred to as LESSEES.
<br />WITNESSETH
<br />For and in consideration of the repair and renovation of the leased prernises..sh,ow'n
<br />Exhibit "A", attached hereto, and the sum of Twelve Thousand and no/100 Dollars` ($12,000.0
<br />payable to the CITY OF PARIS, a municipal corporation, as follows: $100.00'ori'.or be'fbr*
<br />August 1, 2004, with a like payment on or before the 1st day of each month therea'fter 6ring th6.
<br />remainder of the term hereof; the CITY OF PARIS does hereby lease, rent, and let unio LOMA.,.,;`,*",�-"!:
<br />ALTO CORPORATION the south hangar space shown on Exhibit "A", unto. RUSSELL .-,",.;'.,,',-',,,
<br />GIFFORD the center hangar space shown on Exhibit "A", and unto BILLY WINTERS and wife'; -
<br />DONNA WINTERS, the north hangar space shown on Exhibit "A"
<br />which said hangar. is lo6ht6d'.!--:!;i,`
<br />on that portion of Cox Field property described in Exhibit "B", attached hereto and inade, a- piri.
<br />hereof for all legal purposes.
<br />The term of this Lease is TI (35) years, beginning on the 1st day of August".:1,.'.1.,-".%
<br />and ending on the 31st day of July, 2014.
<br />It is further agreed to by LESSOR and LESSEES that LESSEES shall have the bpfi6n'16;*...:;
<br />renew such Lease for an additional period of FIVE (5) years, the rental for the renewal to
<br />Based on either $.06 per square foot or the fair market value at the time of exercising such first
<br />-6; p tion, whichever is greater, payable to the CITY OF PARTS, a municipal 6orporation,.!
<br />.;as.,,,.,,�..:,;,,,
<br />•611ows: The amount determined at the time of the exercising of the first option is payable onl or, Vii, ,..-,-,
<br />b6 I fore the 1st day of August, 2014, with a like payment on or before the 1st day of each'mion't
<br />Lense A&eement Pn
<br />EXHIBIT A
<br />
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