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1988-073-RES WHEREAS, the City Council of the City of Paris did on July 11, 1988, award the bid and authorize RESOLUTION NO. 88-073 WHEREAS, the City Council of the City of Paris did on July 11, 1988, award the bid and authorize preparation of a Hay Lease Agreement and a Pasture Lease Agreement at Cox Field, Paris, Texas; and, WHEREAS, the best bid for such lease agreements was made by Kyle Clement; and, WHEREAS, the form of such Hay Lease Agreement attached hereto as Exhibit A, and said Pasture Lease Agreement attached hereto as Exhibit B, should in all things be approved; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, That the Mayor of the City of Paris, Eric S. Clifford be, and he is hereby authorized and directed to execute on behalf of the City of Paris the Hay Lease Agreement attached hereto as Exhibit A, and Pasture Lease Agreement attached hereto as Exhibit B, with Kyle Clement dated July 21, 1988. Passed and adopted this 21st day of July, 1988. E~d~ ATTEST: ~~-.. ~ ~" J att~e ~unn~n~t C e"J{) FORM: City Attorney HAY LEASE AGREEMENT STATE OF TEXAS ~ COUNTY OF LAY~R ~ KNOW ALL MEN BY THESE PRESENTS: LEASE AGREEMENT BETWEEN the CITY OF PARIS, a municipal corporation, acting by and through its Mayor, Eric S. Clifford, duly authorized, hereinafter referred to as CITY, and KYLE CLEMENT hereinafter referred to as CLEMENT, WITNESSETH: For and in consideration of the sum of THIRTY SIX HUNDRED AND 00/100 DOLLARS ($3,600.00), for Tract I payable to the CITY OF PARIS, a municipal corporation, as follows: Year one and year two of the Lease will be free with equal annual payments of $1,200.00 for the third, fourth and fifth year of the lease, said CITY does hereby lease, rent and let unto CLEMENT, the following described property, being the property known as Cox Field and situated in Lamar County, Texas: -., " BEGINNING at the Southwest corner of the H. B. Davis Survey for a point or place of beginning which is also the Southeast corner of a tract of land purchased by the United States of America from Lalie Moody Pierce, et al, by deed dated January 23, 1943; Thence North 205.50 feet to a point; Thence East 2118.35 feet to a point, Thence North 2994.00 feet to a point I Thence East 59.73 feet to a point; Thence North 1593.90 feet to a point; Thence East 1483.30 feet to a point; Thence North 2098.30 feet to a point, Thence North 21 degrees East 208.30 feet to a pointl Thence South 77 degrees West 269.40 feet to a point; Thence South 57 degrees 30 minutes West 177.70 feet to a point; Thence North 580.80 feet to a point; Thence North 82 degrees West 899.20 feet to a point; Thence North 1732.50 feet to a point; Thence West 660.00 feet to a point, Thence North 10 degrees East 321.75 feet to a point; Thence West 1994.95 feet to a point; Thence North 42.50 feet to a point; Thence West 1650.00 feet to a point; Thence North 0 degrees 32 minutes East 92.55 feet to a point; Thence South 88 degrees 14 minutes West 3019.70 feet to a point; Thence South 0 degrees 14 . . ......, ..^ .. . . _ _4 ... 1 degree West 1659.40 feet to a point; Thence North 85 degrees 51 minutes East 1074.90 feet to a point; Thence South 12 degrees West 65.80 feet to a point; Thence South 21 degrees East 368.00 feet to a point; Thence South 305.00 feet to a point; Thence East 1659.00 feet to a point; Thence North 295.00 feet to a point; Thence East 1209.00 feet to the point or place of beginning, containing 1552.97 acres, more or less as shown in Exhibit "A" attached hereto. Save and except 10 acres heretofore sold to Paris, Texas, Industrial Foundation, Inc. de- scribed on Exhibit "B" attached hereto, 390 acres leased to Agpro, Inc. described on Exhibit "c" attached hereto, the police firing range described on Exhibit "D" attached hereto, the concrete runways, taxiways, Airlines office and adminis- tration building area and abutting concrete apron situated thereon and used for airport purposes; also, save and except the sewer plant located upon and within the above described area, save and except the right of the City of Paris to occupy and use any other buildings remaining upon such property and premises, save and except the right of any person to occupy and use any part or portion of said property and premises for airport purposes under lease or contract with the City of Paris, and finally, save and except the right of ingress and egress in favor of the City of Paris and any of its assigns to any part or portion of the property and premises specifically herein served. ~,~ The term of this lease is for five (5) years, beginning on the 1st day of August, 1988 and ending on the 31st day of ...~ July, 1993. INCONSIDERATION HEREOF, it is mutually agreed by and between CITY and CLEMENT: 1. That CLEMENT pay to CITY, or order, at the City Hall of the City of Paris, the agreed rental in advance, promptly and without neglect, default or delay. 2. That this lease is subject to all the terms, provisions and conditions of the deed of conveyance of such premises from the United States of America to the City of Paris, recorded in Book 308, Page 287, Deed Records of Lamar County, Texas, to which reference is made for all purposes. <l T1......... ("IT 'C''U''C''fI..T1''fI t...:_ program or activity is extended or for another purposes involving the provision of similar services or benefits, the shall maintain and operate such facilities and services in compliance with all other requirements imposed pursuant to Title 49, Code of Federal Regulations, Department of Trans- portation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-assisted programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as Regulation may be amended. 4. The CLEMENT, his successors or assigns, agrees that (1) no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to dis- crimination in the use of said facilities, (2) that in the construction of any improvements on, over, or under such land and the furnishing of services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination, (3) that the CLEMENT shall use the premises in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulation, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally assisted programs of the Department of Transporta- tion-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended. 5. That CLEMENT will abide and comply by all rules, regulations, ordinances and laws pertaining to the use of the airport located at Cox Field, including but not limited to the City of Paris Airport Manual and Federal Aviation &~__~_~_~___~__ __,__ __A _~~.,~~~~~O ~O~~o~"~"a ~n ~nY Fi~'rl --, 6. That CLEMENT will use such premises for cutting hay and for no other purpose. Once harvested, all bales of hay must be removed from airport property within one (1) week. ..., 7. That if in the course of using such premises for the permitted purposes, CLEMENT desires to build at his expense a barn or shed for the use in the pursuit of such uses it will be so permitted, if the location is approved by the Airport Advisory Board and such structure does not violate any of the rules or regulations of the City of Paris or the Federal Aviation Administration, and upon termination of the lease CLEMENT will be permitted to remove the same within sixty (60) days after expiration or termination of this lease. 8. CLEMENT shall at all times keep the inner perime- ter free of debris, trash and litter and in the event CLEMENT deposits mud and debris upon the runway, he will be charged the total cost of removing the same for which he will receive a bill and the failure to pay the same will be a default of this lease agreement. 9. Notwithstanding the preceding paragraph CLEMENT will be totally responsible for the maintenance of an area 40 foot wide adjacent to all runways, taxiways and aprons. 10. That CLEMENT will take good care of the leased premises and be responsible for and make good to CITY all injuries and damages to same caused by CLEMENT or those under him, and will re-deliver same to CITY at the expiration or termination of this lease in as good condition as when received, usual wear and tear alone excepted; and CLEMENT will, at the termination or expiration of this ,,~ -, 11. That all additions or improvements made upon or added to said premises by CLEMENT, or at its instance and request, shall at once become the property of the CITY and shall be surrendered to CITY at the termination or expiration of this lease; except that in those instances wherein it is specifically provided for ownership to remain in CLEMENT. 12. That in the event this lease is terminated during its primary term through no fault of CLEMENT, then and only then, CITY will reimburse CLEMENT for his pro rated cost of any improvements such as fences giving the improvement a life equal to the remainder of the primary term existing at the time of completion of construction of said improvement. 13. The City of Paris reserves the right of all concession and the right to park aircraft along the taxiways and runways in the event an air show is sponsored by the City of Paris or assignees. 14. That it shall be lawful for CITY, its agents or employees, to enter upon and into the lease premises and every part thereof at all times for the purpose of inspect- ing and examining the condition thereof. 15. That CLEME~T will not assign this Lease or sublet the leased premises or any part thereof without the written consent of CITY first had and obtained. The City of Paris will not withhold such consent unreasonably. 16. That CLEMENT agrees to indemnify, save, keep and hold harmless CITY from 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 leased premises __...._~.,.....:__ &.....__ r"T't"luf'CI~T".,I_ 1...':... J_.....:............_ ....-...._........ .................._......__ ~.... '"' constructed, maintained or being or becoming out of repair, CLEMENT Hereby waiving any defects therein and agrees to hold and save CITY harmless from all claims for any such damages or injuries, and CLEMENT must at all times during the term of this agreement, and any extensions thereof, keep and maintain in full force and effect a policy or policies of insurance, providing at least $100,000.00 per person and $300,000.00 for any single occurrence for bodily injury or death and 100,000.00 for any single occurrence for injury to or destruction of property, indemnifying all persons for any and all damages, personal injuries or property damages sustained in or upon the premises of said leased property, or any part thereof, as the result of the negligence of CLENENT, its invitees, agents, servants or employees, and shall pay all premiums due thereon when due. It is express- ly provided that such insurance policy or policies shall and must be written and issued by a reputable insurance company or companies, subject to approval by the City Attorney of the City of Paris, and CLEMENT or his insurance carrier or carriers shall deliver a copy of any such policies to the City Clerk of the City of Paris, or furnish to said City Clerk a current letter or certificate from such company or companies, evidencing the fact that such insurance is in full force and effect at all times during this lease and any extension thereof. 17. That CLEMENT will not use or permit the use of said premises or any part thereof for any purpose which is determined dangerous or hazardous to the airport operation by the Airport Manager. 18. Should CLEMENT default in, or fail or refuse to 1,.............. ,..,f: ....1....... __..______ ___....lI~.....~___ - ~ -~ .. ~.., within said thirty day period a second notice in writing by certified mail, affording a hearing before the Airport Advisory Board on a day certain, shall be given to CLE~mNT by CITY's Airport Manager. After affording CLEMENT such hearing the Airport Advisory Board shall recommend to the City Council that the lease continue or be terminated, and thereafter the City Council shall take such action as it deems necessary. 19. That CLEMENT will use the property leased as a permanent hay meadow with legumes and perennial grasses. No continuous row cropping is allowed. It is understood and agreed that CLEMENT will be responsible for seed bed prepa- ration, fertilization, planting, weed control and harvesting of crop. During the term of this lease or any extension thereof, CLEMENT shall follow ASCS recommendations with primary product being organic fertilizer, a copy of which recommendations shall be filed with the City Clerk of the City of Paris at least annually. An average of three inch (3") cover will be maintained at all times on permanent hayland. The maximum height of crop, weeds and grasses shall be three (3) feet. CLEMENT will notify Airport Manager of date and time when area will be fertilized. 20. The City of Paris reserves the right of all concession and the right to park aircraft along the taxiways in the event an air show is sponsored by the City of Paris or assignees. 21. That the CITY may at its option terminate this lease as to the entire tract, or any part thereof, which may be necessary, in the event the CITY desires to use the property, or any portion thereof, for necessary municipal .,:~............~ ........"" ...........1......... .....""...............:........ .....t= _............'1'.......... ...._ ...._.............:........ .....t= .......1-......_ or any portion thereof, for the above specified purposes. In the event this option is exercised by the CITY, the unearned portion of the rental payment shall be refunded to CLEMENT. 22. In the event CLEMENT shall keep each and every agreement contained herein and do and perform all the obligations required of CLEMENT hereunder during the term of this lease, an option is hereby given and granted to CLEMENT to renew and extend this lease for an additional period of five (5) years from and after the expiration of this agree- ment, for and in consideration of the sum of $7,500.00 payable in equal annual installments of $1,500.00 each, the first of which will be due and payable on or before August 1, 1993, with a like payment being due and payable on or before the 1st day of August of each year thereafter during the term of said five year option period. Said option may"'" be exercised by CLEMENT's giving notice in writing of CLEMENT's intention to renew said lease on or before the 1st day of March, 1993. Executed on this 21st day of July, 1988. ." CITY OF PARIS BY: Eric S. Clifford, Mayor ATTEST: Mattie Cunningham, City Clerk APPROVED AS TO FORM: Kyle Clement, LESSEE STATE OF TEXAS ~ COUNTY OF LAMAR ~ BEFORE ME, the undersigned authority, on this day personally appeared Eric S. Clifford, Mayor of the City of Paris known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of July, 1988. Notary Public, State of Texas My commission expires: Printed Name: STATE OF TEXAS ~ COUNTY OF LAMAR ~ BEFORE ME, the undersigned authority, on this day personally appeared Kyle Clement known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this of July, 1988. day Notary Public, State of Texas My commission expires: Printed Name: '--- , " r- ~ PROPERTY (~9 ACRes) Ii L_ L_, ...........- , -~ L." . ~ ~ ~ I , :\' d "1 'I j , -1- j , 'oj -, , , ; 1 i J "I ;.; , I 'I :1 " n '1 j ; 1 ] 1 I , i PASTURE LEASE AGREEMENT STATE OF TEXAS COUNTY OF LAMAR ~ ~ KNOW ALL MEN BY THESE PRESENTS: LEASE AGREEMENT BETWEEN the CITY OF PARIS, a municipal corporation, acting by and through its Mayor, Eric S. Clifford, duly authorized, hereinafter referred to as CITY, and KYLE CLEMENT hereinafter referred to as CLEMENT, WITNESSETH: For and in consideration of the sum of TWELVE THOUSAND FIVE HUNDRED AND NO/100 ($12,500~00), for Tract II payable to the CITY OF PARIS, a municipal corporation, as follows: $2,500.00 on or before August I, 1988 and equal annual payments of $2,500.00 being due and payable on August 1 of each year of lease, said CITY does hereby lease, rent and let unto CLEMENT, the following described property, being . :~: the property known as Cox Field and situated in Lamar ' County, Texas: BEGINNING at the Southwest corner of the H. B. Davis Survey for a point or place of beginning which is also the Southeast corner of a tract of land purchased by the United States of America from Lalie Moody Pierce, et aI, by deed dated January 23, 1943; Thence North 205.50 feet to a point; Thence East 2118.35 feet to a point; Thence North 2994.00 feet to a point; Thence East 59.73 feet to a point; Thence North 1593.90 feet to a point; Thence East 1483.30 feet to a point; Thence North 2098.30 feet to a point; Thence North 21 degrees East 208.30 feet to a point; Thence South 77 degrees West 269.40 feet to a point; Thence South 57 degrees 30 minutes West 177.70 feet to a point; Thence North 580.80 feet to a point; Thence North 82 degrees West 899.20 feet to a point; Thence North 1732.50 feet to a point; Thence West 660.00 feet to a point; Thence North 10 degrees East 321.75 feet to a point; Thence West 1994.95 feet to a point; Thence North 42.50 feet to a point; Thence West 1650.00 feet to a point; Thence North 0 degrees 32 minutes East 92.55 feet to a point; Thence South 88 degrees 14 minutes West 1.01Q 70 f'~~t" t-n ~ nnint-! T'h~n~jO ~nllt"h n ~jOOT"PP~ 1~ a point; Thence South 21 degrees East 368.00 feet to a point; Thence South 305.00 feet to a point; Thence East 1659.00 feet to a point; Thence North 295.00 feet to a point; Thence East 1209.00 feet to the point or place of beginning, containing 1552.97 acres, more or less as shown in Exhibit "A" attached hereto. Save and except 10 acres heretofore sold to Paris, Texas, Industrial Foundation, Inc. de- scribed on Exhibit "B" attached hereto, 390 acres leased to Agpro, Inc. described on Exhibit "c" attached hereto, the police firing range described on Exhibit "D" attached hereto, the concrete runways, taxiways, Airlines office and adminis- tration building area and abutting concrete apron situated thereon and used for airport purposes; also, save and except the sewer plant located upon and within the above described area, save and except the right of the City of Paris to occupy and use any other buildings remaining upon such property and premises, save and except the right of any person to occupy and use any part or portion of said property and premises for airport purposes under lease or contract with the City of Paris, and finally, save and except the right of ingress and egress in favor of the City of Paris and any of its assigns to any part or portion of the property and premises specifically herein served. The term of this lease is for five (5) years, beginning .'..,.. on the 1st day of August, 1988 and ending on the 31st day of July, 1993. INCONSIDERATION HEREOF, it is mutually agreed by and between CITY and CLEMENT: 1. That CLEMENT pay to CITY, or order, at the City Hall of the City of Paris, the agreed rental in advance, promptly and without neglect, default or delay. 2. That this lease is subj ect to all the terms, provisions and conditions of the deed of conveyance of such premises from the United States of America to the City of Paris, recorded in Book 308, Page 287, Deed Records of Lamar County, Texas, to which reference is made for all purposes. 3. That CLEMENT, his successors or assigns, agrees that in the event facilities are constructed, maintained, or otherwise onerar.p-rl nn t"hp AId if n"'nnpT"t-v tiPAf"T"ihpl"l in r'hi A Title 49, Code of Federal Regulations, Department of Trans- portation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-assisted programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as Regulation may be amended. 4. CLEMENT, his successors or assigns, agrees that (1) no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to discrimination in the use of said facilities, (2) that in the construction of any improvements on, over, or under such land and the furnishing of services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination, (3) that CLEMENT shall use the premises in compliance with all other requirements imposed . :..~ by or pursuant to Title 49, Code of Federal Regulation, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally assisted programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended. 5. That CLEMENT will abide and comply by all rules, regulations, ordinances and laws pertaining to the use of the airport located at Cox Field, including but not limited to the City of Paris Airport Manual and Federal Aviation Administration rules and regulations pertaining to Cox Field and will not erect or permit to be erected, any structure of any kind which will interfere with the use of such airport in any way. 6. That CLEMENT will use such premises for pasturing, the Airport Advisory Board and such structure does not violate any of the rules or regulations of the City of Paris or the Federal Aviation Administration, and upon termination of the lease CLE~mNT will be permitted to remove the same within sixty (60) days after expiration or termination of this lease. 8. CLEMENT shall at all times keep the inner perime- ter free of debris, trash and litter and in the event CLEMENT deposits mud and debris upon the runway, he will be charged the total cost of removing the same for which he will receive a bill and the failure to pay the same will be a default of this lease agreement. 9. That CLEMENT will take good care of the leased premises and be responsible for and make good to CITY all injuries and damages to same caused by CLEMENT or those . '~: . ~.., under him, and will re-deliver same to CITY at the ex- piration or termination of this lease in as good condition as when received, usual wear and tear alone excepted; and CLEMENT will, at the termination or expiration of this lease, peaceably yield up to CITY all and singular the premises and all future erections, additions or repairs to or upon same in good tenable repair, including but not limited to equipment, fences owned by the City of Paris and fences acquired or erected by CLEMENT. 10. That all additions or improvements made upon or added to said premises by CLEMENT, or at its instance and request, shall at once become the property of the CITY and shall be surrendered to CITY at the termination or ex- piration of this lease; except that in those instances wherein it is specifically provided for ownership to remain life equal to the remainder of the primary term existing at the time of completion of construction of said improvement. 12. The City of Paris reserves the right of all concession and the right to park aircraft along the taxiways and runways in the event an air show is sponsored by the City of Paris or assignees. 13. That it shall be lawful for CITY, its agents or employees, to enter upon and into the lease premises and every part thereof at all times for the purpose of inspect- ing and examining the condition thereof. 14. That CLEMENT will not assign this Lease or sublet the leased premises or any part thereof without the written consent of CITY first had and obtained. The City of Paris will not withhold such consent unreasonably. 15. That CLEMENT will, at his own expense, keep all fences in good condition and repair at all times and also , '"c . .,,~ will keep all gates, entrances and other structures used by him in good condition and repair. In the event CLEMENT's livestock gets into the prohibited area on and adjacent to the runway there will be a charge made of Ten and no/lOO Dollars ($10.00) per head for removal of said livestock. 16. That CLEMENT agrees to indemnify, save, keep and hold harmless CITY from 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 leased premises resulting from CLEMENT's, his invitees, agents, servants or employees' use, and CITY shall not. be liable to CLEMENT, its invitees, agents, servants, employees or visitors due to the improvements located thereon, or hereafter constructed, or any other condition of the premises being improperly con- and maintain in full force and effect a policy or policies of insurance, providing at least $100,000.00 per person and $300,000.00 for any single occurrence for bodily injury or death and 100,000.00 for any single occurrence for injury to or destruction of property, indemnifying all persons for any and all damages, personal injuries or property damages sustained in or upon the premises of said leased property, or any part thereof, as the result of the negligence of CLEMENT, its invitees, agents, servants or employees, and shall pay all premiums due thereon when due. It is express- ly provided that such insurance policy or policies shall and must be written and issued by a reputable insurance company or companies, subj ect to approval by the City Attorney of the City of Paris, and CLEMENT or his insurance carrier or carriers shall deliver a copy of any such policies to the City Clerk of the City of Paris, or furnish to said City Clerk a current letter or certificate from such company or companies, evidencing the fact that such insurance is in full force and effect at all times during this lease and any extension thereof. 17. Should CLEMENT default in, or fail or refuse to keep any of the covenants, conditions, stipulations and/or provisions herein contained, notice thereof shall be given in writing to CLEMENT by CITY' s Airport Manager , giving CLEMENT thirty (30) days to correct such discrepancy, and in the event such default, failure or refusal is not corrected within said thirty day period a second notice in writing by certified mail, affording a hearing before the Airport Advisory Board on a day certain, shall be given to CLEMENT by CITY's Airport Manager. After affording CLEMENT such hearing the Airport Advisory Board shall recolllIllend to the <, ',' No continuous row cropping is allowed. It is understood and agreed that CLEMENT will be responsible for seed bed prepa- ration, fertilization, planting, weed control and harvesting of crop. During the term of this lease or any extension thereof, CLEMENT shall follow ASCS recommendations for annual fertilization with primary product being organic fertilizer, a copy of which recommendations shall be filed with the City Clerk of the City of Paris at least annually. An average of three inch (3") cover will be maintained at all times, on permanent pastureland. The maximum height of crop, weeds and grasses shall be three (3) feet. CLEMENT will notify Airport Manager of date and time when area will be fertilized. 19. The City of Paris reserves the right of all concession and the right to park aircraft along the taxiways in the event an air show is sponsored by the City of Paris . :....., .. :.,~ or assignees. '. 20. That the CITY may at its option terminate this lease as to the entire tract, or any part thereof, which may be necessary, in the event the CITY desires to use the property, or any portion thereof, for necessary municipal functions, such as extension of runways or erection of other airport facilities, or if the property shall be utilized for industrial development. In the event of either of the above contingencies the CITY shall give CLEMENT ninety (90) days notice in writing of its intention to so utilize the tract, or any portion thereof, for the above specified purposes. In the event this option is exercised by the CITY, the unearned portion of the rental payment shall be refunded to CLEMENT. 21. In the event CLEMENT shall keep each and every to renew and extend this lease for an additional period of five (5) years from and after the expiration of this agree- ment, for and in consideration of the sum of $15,000.00 payable in equal annual installments of $3,000.00 each, the first of which will be due and payable on or before August 1, 1993, with a like payment being due and payable on or before the 1st day of August of each year thereafter during the term of said five year option period. Said option may be exercised by CLEMENT's giving notice in writing of CLEMENTS's intention to renew said lease on or before the 1st day of March, 1993. Executed on this 21st day of July, 1988. CITY OF PARIS ATTEST: BY: Eric S. Clifford, Mayor . "., .~'., Mattie Cunningham, City Clerk APPROVED AS TO FORM: Kyle Clement, LESSEE T. K. Haynes, City Attorney STATE OF TEXAS ~ COUNTY OF LAMAR ~ BEFORE ME, the undersigned authority, on this day personally appeared Eric S. Clifford, Mayor of the City of Paris known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated. r.TVRN lTl'JnRR MY HANn ANn C:RAT, OF OFFH':R rhi" rI"v STATE OF TEXAS ~ COUNTY OF LAMAR ~ BEFORE ME, the undersigned authority, on this day personally appeared Kyle Clement known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this of July, 1988. day Notary Public, State of Texas My commission expires: Printed Name: " ... ....., ... ~ '-- " '-- ---............ il ~ PROPERTY ( ~9 ACRf:S) r- ! , l .' t 1 I p L_ 'f I ,~ j 'I";!: .!, 'i' , L-_ ~-~ i.Q1~O ...~ ...t ~ I :1 'j I! II d!ldl1i . "I .\ i l ~ : . !!l I . . .1'" ': I l!~, to' '(~.. 'q. r Q II' tt ~ '< ".." la:~ ~ ! I!! 'd I I: '" I · .~ , !! tn' , j! I r-():. ~O~ ~Ull< I :c "'), G1 ~,ill ! =~ ~)f' i ~ {!tJ : L" I l: 11'; ~ ' ~ r f , l , -~ L, - 1- f