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1987-036-RES WHEREAS, the City Council of the City of Paris did heretofore in Resolution No. 87-006 authorize the RESOLUTION NO. 87-016 WHEREAS, the City Council of the City of Paris did heretofore in Resolution No. 87-006 authorize the leasing of certain fairground property to the Red River Valley Fair Association, Inc.; and, WHEREAS, it has been brought to the attention of the City Council of the City of Paris that the insurance market is such that the cost to the fairground Lessee and Sub-Lessees individually is prohibitive and therefore it was deemed appropriate for the City of Paris to procure insurance with said Lessee and Sub-Lessees bearing the cost of the same and the Red River Valley Fair Association, Inc. 's Lease contract with the City of Paris should be so amended; and, WHEREAS, it is right and proper that said Lease Agree- ment be amended in the form of Addendum Number One attached hereto as Exhibit No.1; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, That the amendment to the Red River Valley Fair Association, Inc.'s, Lease dated January 12, 1987, in the form of Addendum Number One attached hereto as Exhibit No. 1 be, and the same is hereby approved; and, BE IT FURTHER RESOLVED, That Billy Joe Burnett, Mayor of the City of Paris, be, and he is hereby authorized and directed to execute on behalf of the City of Paris Addendum Number One to the Red River Valley Fair Association, Inc. 's, Lease dated January 12, 1987, in the form of Addendum Number One attached hereto as Exhibit No.1. Passed and adopted this 30th day of March, 1987. fr (/~~~~ W. C. Francis, Mayor Pro Tem ATTEST: ~~~~~U"""'-\~ Mattie Cunningham, City C er APPROVED AS TO FORM: ~a~" ADDENDUM NUMBER ONE TO RED RIVER VALLEY FAIR ASSOCIATION, INC.'S, LEASE DATED JANUARY 12, 1987, BETWEEN RED RIVER VALLEY FAIR ASSOCIATION AND THE CITY OF PARIS, PARIS, TEXAS STATE OF TEXAS ~ ~ COUNTY OF LAMAR ~ KNOW ALL MEN BY THESE PRESENTS That this Addendum Number One to Red River Valley Fair Association, Inc. 's, Lease, made the 12th day of January, 1987, by and between Red River Valley Fair Association, Inc., and the CITY OF PARIS, PARIS, TEXAS, acting by and through its Mayor, Billy Joe Burnett, duly authorized, WITNESSETH: It is hereby mutually agreed by and between Red River Valley Fair Association, Inc., and CITY OF PARIS, PARIS, TEXAS, that Paragraphs 3 and. 8 of said lease be changed to read as follows: "3. That Lessee will pay to Lessor the annual cost of insurance, to keep all buildings and other insurable improvements on the leased premises insured against loss by fire, lightning and all risks included in the term "extended coverage" to the full extent of their insurable value. 8. Lessee will pay to Lessor the annual cost of insurance to indemnify, save, keep and hold harmless Lessor 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 Lessee's use, Lessee's sub-lessee's use or any tenant of Lessee's use, and from its employees, invitees, patrons, licensees, or visitors due to the buildings or other structures thereon being improperly constructed or being or becoming out of repair." Executed on the dates shown in acknowledgements below. RED RIVER VALLEY FAIR ASSOCIATION, INC. By: Jeff Hoog, President ATTEST: Steve Glover, Secretary CITY OF PARIS By: 1cle:: ~U~~-~7 W. C. Francis, Mayor Pro Tem ATTEST: Mattie Cunningham, City Clerk APPROVED AS TO FORM: T. K. Haynes, City Attorney STATE OF TEXAS ~ ~ COUNTY OF DALLAS ~ BEFORE ME, the undersigned authority on this date personally appeared Jeff Hoog, President of Red River Valley Fair Association, Inc., 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 of March, 1987. day Notary Public, State of Texas Printed Name: My Commission Expires: STATE OF TEXAS ~ ~ COUNTY OF LAMAR ~ BEFORE ME, the undersigned authority, on this day personally appeared W. C. Francis, Mayor Pro Tem of the City of Paris, Paris, Texas, 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 3/.:1 day of March, 1987. y." ~7 / . / J .' / . ./-) ./.-/ /. /. ~,;;, , '-~, /lac!-../[,ct../ 7-L--/'L- Notary uh1ic,~ State ofT,exas Printed Name:':',!,!.,,,,,- (/I/f/<.fi.'// My Commission Expires: 9...),/./7