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1996-069-RES WHEREAS, RED RIVER VALLEY FAIR ASSOCIATION HAS REQUESTED APPROVAL FROM THE CITY COUNCIL RESOLUTION NO. 96-069 WHEREAS, the Red River Valley Fair Association has requested approval from the City Council of the City of Paris to enter into a sublease agreement with the Lamar County Human Resources Council, Inc. in the form shown in Exhibit A, attached hereto; and, WHEREAS, it would be in the best interests of the citizens of the City of Paris that such sublease agreement be approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the Red River Valley Fair Association be, and it is hereby, granted approval to enter into the sublease agreement with the Lamar County Human Resources Council, Inc. in the form shown in Exhibit A, attached hereto. PASSED AND ADOPTED this 15th day of July, 1996. ~~m ATTEST: ~. ~~ ~):~~ ~ry.I\.J Mattie Cunningham, City Clerk . " LEASE AGREEMENT This agreement is made and entered into by and between Red River Valley Fair Association, Inc., a non-profit organization, hereinafter referred to as Lessor, and Lamar County Human Resources Council, Inc., a non-profit organization, hereinafter referred to as Lessee. For and in consideration of the mutual promises herein expressed the Lessor and Lessee do hereby agree to the following: WITNESSETH: I. PURPOSE OF LEASE: The Lessee wishes to lease from the Lessor certain space to conduct bingo operations licensed by the State of Texas only. II. PREMISES: Lessor agrees to lease and the Lessee agrees to lease from the Lessor the following described property, all the floor area in Building "B" on the property, located at 1750 N. E. 6th Street, Paris, Lamar County, Texas for the bingo occasions per week as designated on the Lessee's Texas Bingo license. III. DUTIES Lessor utilities. OF LESSOR: shall provide parking facilities, equipment and IV. TERM: The term of this lease shall be for a period from the 1st day of June, 1996 to the 2nd day of June, 1997. V. CONSIDERATION: The Lessee shall pay the Lessor the amount of $225.00 per whole session (Bingo occasion). The consideration for the lease of this building shall be due and payable weekly. The first payment will be due and payable on weekly after the execution of this lease, with rent payments being due and payable weekly each and every week thereafter, during the term of this lease. Lessee shall make payment to the Lessor at: Red River Valley Fair Association, Inc. Center Street and 1750 N. E. 6th Street - Building "B" Paris, Texas 75460 VI. REPRESENTATIONS OF LESSEE: The Lessor agrees and acknowledges that Lessee is a non-profit organization as that term is defined under the governing of the bingo statutes in the State of Texas and that the Lessee holds a valid license to conduct bingo within the State of Texas issued by the Texas Alcoholic Beverage Commission of the State of Texas. It shall be the Lessee I s" responsibility to provide for all bingo EXHIBIT A supplies or other equipment associated with the operation of the bingo game, including but not limited to prizes, bingo cards, or any other necessary equipment. It is understood and agreed that the Lessor shall not be responsible for the storage or maintenance of any equipment herein above described. The Lessee shall operate the equipment provided by the Lessor in such a way that will maintain proper operation of the equipment. All electric lights and equipment should be turned off or disconneted following the close of each session to insure proper operation and no increase in utility use of the building. VII. INSURANCE: The Lessee, at Lessee I s expense, shall maintain a comprehensive general liability insurance policy on the described premises and adjoining parking facilities in an amount of at least $300,000.00 combined single limits and shall name the Lessor and the City of Paris as additional insured on said policy. Lessee shall provide Lessor and the City of Paris with a certificate of insurance providing for thirty (30) days advance notice of cancellation. VIII. SEVERABILITY: Should any provisions of this lease be held invalid, the validity of the main portions of this lease shall not be effective. IX. APPROVAL: This lease is subject to the approval of the City of Paris per the main lease agreement between the Red River Valley Fair Association, Inc., and the City of paris, Paris, Texas. NOTICES: Notices are to be sent to: Lessor: Red River Valley Fair Association, Inc. Center Street & 6th N. E. Building "B" Paris, Texas 75460 Lamar County Human Resources 625 West Washington Paris, Texas 75460 LAMAR COUNTY HUMAN RESOURCES j~ jtf;.A \~A fltd.1 Lessee \' - 1( - -'-'1 -1 t Dated X. Lessee Council, Inc. VALL,ud ~~ Lessee: Le sor /}n~ ~cg /51 j{, Dated Dated A