|
•fit; • 1;: :. 1 , , i . 11�'
<br />:,....,
<br />thereafter during the remainder of the term of the first option, which ends July 31;'2019.: file ;y�,
<br />i.; granting of said first option is subject to the requirements set forth in paragraph 19 :`
<br />apt; ave sec • nd
<br />It is further agreed to by LESSOP. and LESSEES that LESSEES shall hJ. 1 0 .option >,'.`�,,:;:
<br />to renew, such Lease for a period of FIVE (5) years, the rental for the second renewal to be based;'i:,;
<br />�, +i'. •:r, .• •;•!;•: Vii: };iJ� ,�.
<br />I, � � . •.. ,.' .: ,, ';'�1 ,' !iii �a
<br />...'on either $.06 per square foot or the fair market value at the time of the exercising of such second , 5.;, .'r
<br />y +!•1
<br />option, whichever is greater, payable to the City of Paris, a municipal corporation;.as follows:: };;,�:
<br />The amount determined at the time of the exercising of the second option is payable on or Uefore�i't'� +'
<br />irl;;.. .,:... !.•: : :! is ;rig
<br />Ihe;lst day of August, 2019, with a like payment on or before the 1st day of each month thereafter:
<br />iPi.,. .. ', ti:� •,, ,Fri
<br />during the remainder of the term of the second option, which ends July 31, 2024, .The granting ,;,,,
<br />,
<br />of said second option is subject to the requirements set forth in paragraph 18.
<br />IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR and
<br />LESSEES:
<br />I . That LE SSEES pay to LESSOR, or order, at the City Ilall in the City,-of Pan the:.` „r,R.`
<br />.• ,'•I
<br />M.
<br />agreed rental in advance, promptly and without neglect, default and delay.
<br />2. That this Lease is subject to all the terms, provisions and conditions of the deed
<br />conveyance of such premises from the United States of America to the City of Paris,,recorded .in`;;�. ;;
<br />Book 308, Page 287, Deed Records of Lamar County, Texas to which reference is made'for
<br />purposes.
<br />' 3. That LESSEES, their successors or assigns, agree that, in the event facilities 1re,;:;tYyy
<br />constructed, maintained, or otherwise operated on the said property described in' this Lease
<br />' a purpose for which a Department of Transportation program or activity is extended or for another.'::
<br />purpose involving the provision of similar services or benefits, the LESSEES shall maintain
<br />operate such facilities and services in compliance with all other requirements imposed•pursuant;•;�t;a
<br />td:Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the
<br />:':Secretary, Part 21, Nondiscrimination in Federally- Assisted Programs of the Department
<br />' Transportation- Effectuation of Title VI of the Civil Rights Act of 1964, and as said;Regulations,1 ?s�;
<br />�f;..
<br />fibJ 1'
<br />mhy be amended. , ,�u,t;
<br />• , r ' is '� ,e
<br />4. That LESSEES, their successors or assigns, agree that (I) no person, on the grounds' ': ;F;
<br />of race, color or national origin, shall be excluded from participation in, denied the, benefits of;-i1i
<br />IL ,• ��''�` ?ills,
<br />ilk•
<br />•• 'iii'' ., }1�.;
<br />h. Lease Agreement'- piige
<br />iii;. }:•J . • .. • : ili;�l
<br />
|