1993-029-RES WHEREAS, the Red River Valley Fair Association has requested permission to enter into a lease
RESOLUTION NO.
93-029
WHEREAS, the Red River Valley Fair Association has
requested permission to enter into a lease agreement with the
Lamar County Young Farmers Association, Inc., for the tractor
pull area located on the east side of the fairgrounds; and,
WHEREAS, it would be in the best interest of the
citizens of the City of Paris to approve the lease agreement
in the form of Exhibit A attached hereto; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
that the Red River Valley Fair Association is hereby given
permission to enter into a lease agreement with the Lamar
County Young Farmers Association, Inc., for the tractor pull
area located on the east side of the fairgrounds, in the form
of Exhibit A attached hereto.
Passed and adopted this 4th day of March, 1993.
~ist:~r
ATTEST:
City Attorney
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STATE OF TEXAS
COUNTY OF LAMAR
LEASE AGREEMENT
THIS LEASE AGREEHENT(LEASE) Eor the letting oE real property
is executed in duplicate originals by the RED RIVER VALLEY FAIR
ASSOCIATION, A CORPORATION (Les.or), and the LAMAR COUNTY YOUNG
FARMER CHAPTER (Les"ee), on the 1st day of December, 1992.
The leased premises knuwII to all as the YO\lng Farmer Tractor
Pull Grounds, said property owned by the City of Paris and
located on lalld also known as the Lamar County Fair Grounds, more
fully described and drawn in Exhibit llAIl attached and made a part
of this LEASE AGREEMENT.
The term of this LEASE AGREEMENT is for beginning
upon execution of this LEASI, AGREEM8NT and en-dT~'g----
---:[;'-con-s:Cflc-l=-il-C.Co'n of the leasing anJ letting u[ s3id premises
and the use and occupancy thereof by Lessee, Lessee agrees to
effect and perform repairs to existing buildings, structures, and
other improvements and to make additional improvement on the
leased premises to the extent of five (5) percent of its total
gross receipts for the term of this lease; provided however, that
in the event Lessee expends in excess of five percent of its
gross receipts during allY OIIC year llcrcor (or SUCll purI>oses, such
excess may be credited 011 tIle tutal amount to be expended by
Lessee hereunder. The term !'gross receipts" shall mean the total
receipts of L~ssec from nll sources by r~ason uf tIle use of the
leased premises.
In consideration whereof, it is mutually agreed by and
between Lessor and Lessee, (t.) that Lessee will. at its sole
cost and cXI>~nse, effect repairs to all existing buildings and
structures on the leased premises, as speedily as it can finance
same, so that same \/111 be safe 811<1 suitable fur the purposes for
which they may be used by Lessee, and will keep and maintain same
in good, safe and sanitary condition; (2) that Lessee, for the
benefit of Lessor, if available will keep all permanent buildings
and other insurable improvements on the leased premises insured
against loss by fire, liglltning, und all risks included ill the
term 'lextellJcd coverage'! carried witll a respunsIble cornpallY; (3)
that Lessee wili pay for all lights, water, heat, and/or other
utilities used 'by it on the leased premises; (4) that all
buildings, structures, additions, fixtures, and improvements made
upon the leased property are the property of the Lessee; (5) that
upon tile termination of this LEASE by either party, tile Lessee
will have 130 days to remove any and all improvements and Lessee
will return the property to its original, un-improved condition,
as it was received prior to the 25th day of July, 1985, with the
exception that Lessee will not remove boundary line fencing; (6)
that any remaining improvements following the 180 days will
become the property of the City of Paris; (7) that Lessee agrees
to indemnify, save, keep und hold harmless Lessor frum and
against any and all demands, debts, liabilities, suits, claims,
and causes of action of every kind and character whatsoever for
damage or injuries to persons and/or property occurring on the
l~ased premises ur arisillg from or in cunnuction witll the use,
occupancy Dnd control of same by Lessee; and Lessor shall not be
liable to Lessee, its employees, invi,tees. patrons. licensees, or
visitors due to the buildings or other structures thereon being
improperly cons~ructed or ~ecominc out of repair, lessee hereby
waivin~ any dcfectti'= therein nnd agreeing to hold and save Lessor
harmless from all claims for any such dnmages or injuries, (8)
provisions herein contained, written notice thereof t>hall be
given to Lessee by Leasor and ill tile eVcllt SUCll default. failure,
or refusal has not been corrected or performed witllin ninety(90)
days from the date oE such notice, then this LEASE AGREEMENT may
be terminated at Lessor's optiol1; (12) that in the event that
Lessee shall keep cacll utld every agreement contained herelll and
do and perform all the obligations required of it llereundcr the
terms of this lease, an~,roption is hereby given and granted to
Lessee to renew and extend this LEASE for an additional period vf
ten years, from and after the expiration of this agreement; (13)
that in the cvutlt Lessor does not exercise its option. or its
lease with the City of Paris be terminated for any cause, Lessee
shall ttlen nogotiate on agreement directJ.y witll the City of Paris
for a new lease without any interference on the part of Lessor.
Additionally, in conoideration of the leasing and letting of
above said premises to tIle Lessee without comI>cnsation tu the
Lessor, Lessee agrees that Lessor will hove the sole use Dlld
occupation of tIle soutll end of leased premises ShOWll on Exhibit
"A" as IIParklng Aceall roc Lhe term of this LE,ASE AGREEMENT~ That
Lessor may make any and all improvements so long as tllci area
remains open and its primary use continues aG a parking area for
vehicles. Any improvements constructed that would CllQng~ the
area from itSuse ;),s pnrking, must have th~ written approval of
the Lessee.
In witness whereof, tile undersigned Ilavc executed tIlis lease
agreement on the 1st Day of December, 1992.
LAMAR COUNTY YOUNG FARMERS
RED RIVER VALLEY FAiR ASSN.
by:
--ca-r-l-W-e- ;i:-s-;-- Pr-e-s i-de-Ilt-
by: __u________________________
Steve Glover, President
.=~Lamar County Young Funnel'S
: Tractor Pull Grounds
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