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10 - Red River Valley Veterans Memorial Lease AmendmentItem No. 10 TO: Mayor, Mayor Pro Tem & City Council FROM: Grayson Path, City Manager SUBJECT: Red River Valley Veterans Memorial Museum, Inc. (RRVVMM) Onsite Facility DATE: March 11, 2024 BACKGROUND: The City of Paris leases land to the RRVVMM for the Red River Valley Veterans Memorial Museum at 2035 South Collegiate Drive next to the Love Civic Center. They have built and maintain a memorial honoring our veterans. STATUS OF ISSUE: The RRVVMM currently leases space in the Village Shopping Center, but would like to construct a facility at the Love Civic Center immediately north of the existing Memorial / east of the Eifel Tower to move their operation to. The purpose for this facility is stated as: 1. On-site office / restroom for Memorial. 2. Display small donated items in Museum. 3. Free meeting space for Veteran groups. 4. Office space for DAV Certified Veteran Service Officer. 5. Consolidate their locations all to one. 6. Provide permanent flag storage. The City of Paris purchased this property from the Paris Junior College (PJC) on June 18, 1990 (warranty deed 4005507). While we have subsequently leased space out to the RRVVMM for construction of the Memorial, it was appropriate to speak with the PJC to determine whether or not a building fit the deed restrictions. The PJC legal counsel has stated that there will be no conflicts with the deed. The City contracts management of the Love Civic Center to the Chamber of Commerce, otherwise use of the surrounding land is governed by the City. With this, the City has met with Paul Allen, Chamber President, to discuss the proposed RRVVMM project and he has expressed support. A preliminary development meeting between the Chamber, City and RRVVMM took place on February 22, 2024. Numerous items were discussed, including building the new facility to aesthetically fit in with the Love Civic Center and the RRVVMM entrance, work around the existing dumpster locations and RV spots, follow all required codes (as per the existing lease), potential locations for parking lots, fire lane access, etc. Before the RRVVMM proceeds with spending funds towards design, it is appropriate to determine whether the City Council agrees with leasing more space to the RRVVMM. This would be an amendment and expansion of their existing lease. Approval of a new lease is not scheduled tonight, instead this is to seek council direction before doing further work (Staff and RRVVMM). George Wood, RRVVMM President, plans to attend tonight's meeting to answer questions should the city council have any. BUDGET: N/A OPTIONS 1. Authorize the RRVVMM and City Staff to begin negotiations for an amendment to the existing lease for the purpose of building a facility for their purposes. 2. Request additional information, add conditions, request a change in use, etc. 3. Reject the request. RECOMMENDATION: 1. Authorize the RRVVMM and City Staff to begin negotiations for an amendment to the existing lease for the purpose of building a facility for their purposes. for corner; 'e,t t, a. iron pilft (5) Timm North a distag a goo f for corner; THE West a dis'tancf 915 feet to an iron pin Is) for corner:� . ..... t,) Boundary live Of said S- T91ENCE al on, thea f 01:1, has 96 46w East: 328.4 feet Collegiate Drive South" 170 11' EA t 3.163.1 et to the place of beginning and ctaining 3.5.248,,., es- of,,.] nd. on 191 7.f tl%6 C.:11.ty b,f- Paris or its Lessors have not commffltcew, the c;n.stj;otJOn5 of Convention center an said property by 199160 Lhe JanUarYJ1'/" 199P'e" and completed the same by aulY :1, ljm!'ol sha'y3,1 vert to Paris Junior College, the grantor, pert re, at no �L't to tbt,,,grantor. op of the converhtLon Centero it at anytiM the "Pr; 'Yty ceases to be used as a colivention center, the 00%567 STATE OF MAS i r ems", OF LOMn°n"n arc MW ALL M By MMSE PRESMM' that f d f acting by and through the PrOMidOnt 0: Its Eqar a CWAMM. Regan.111..s, duly a;thorized, for and in C0D8ideVA'tiq6/'0?' t sum of -TEN AND W.)/190 J$10.88D IMIJAMS, to it in'y by td, -e CITY Y ., ch ax. or PARIS" the receipt ancl snffiaiapcof herehy acknowledged, has Groited. Sul and CUDVOPA' nd b Y 6.bese presents do Grant, sell and Convey CITY IDF -PAUS, I i, s e& to eke Te�0 of the Count, y of Lamar, StatO Of V cer air� -ract or conditiong hereinafter stated& all the Itf *as do -1ribed as County, 'gal, of .1.,and situated in Lawaar w par follows, to wits situated Within the the City of Of the parig, County of Lamar, and Staip. Texas.A,'i�a part Cox survey #164* a 9 a PA4 lof a tract of George W. now awnea any y Parjunior Collegi,",,., 'lava Beginning at the intersection of Lhe"Vot'O 00unftry lilble BOUi0hiy line OF SOuth of, Farm Road 1,507 and the East colLegiate street, TORMCE south 84ng 0 391 East alothe North Boundary line 0 Station 194+2fil M5 feet to a Vint f0r c.m"Ar,at High*?A.y Aloaryline of said Farm Road THE along the Hast"s as follovis . South 511 121 South 17' 3,11 iron fast 60 feet to an THENCE East a dLstAuce__Q'"4�Vfee_t to an iron Iin tal for corner; 'e,t t, a. iron pilft (5) Timm North a distag a goo f for corner; THE West a dis'tancf 915 feet to an iron pin Is) for corner:� . ..... t,) Boundary live Of said S- T91ENCE al on, thea f 01:1, has 96 46w East: 328.4 feet Collegiate Drive South" 170 11' EA t 3.163.1 et to the place of beginning and ctaining 3.5.248,,., es- of,,.] nd. on 191 7.f tl%6 C.:11.ty b,f- Paris or its Lessors have not commffltcew, the c;n.stj;otJOn5 of Convention center an said property by 199160 Lhe JanUarYJ1'/" 199P'e" and completed the same by aulY :1, ljm!'ol sha'y3,1 vert to Paris Junior College, the grantor, pert re, at no �L't to tbt,,,grantor. op of the converhtLon Centero it at anytiM the "Pr; 'Yty ceases to be used as a colivention center, the C) OOSS07 ® ti. property, including the improvements thereon, shall revgrt to the grantor, with the grantor being obligated to reimbuur�e to the entity incurring the same, the'reasonable cost in�IiTred in extending utilities to the property described herein.` 3. By the term "convention Center" is meant a binding -or buildings with parking areas in the vicinity thereof used fo3 cultural, educational or entertainment endeavor warily designed to attract out of.town visitors and est to the Paris -Lamar County area. To HAVE AND To •HOLD the above described �emises, together with all and singular the rights nd-sp Y noes thereto in anywise belonging unto the said 1 �8, its successors and assigns forever and it hoes reby bind itself, its successors and assigns to irrant a djForever Defend, all and singular the said premises ti to the aid CITY of BARIS, its successors and assigns, ag y person whomsoever lawfully claiming, or to m me, or any part thereof. r/ WITNESS ITS HAND at Parie, Tei a, this II$ day of June, 1990. PMIS JUNIOR CDLI.= P , t d r Psilent, Board of Regents ..._ STATE OF TEXAS S COUNTY OF LAMAR S the y 1�4�, by before me on I+L da of iii e, ledged President, Board o' a ent of4ftris Jank �ti..�., The foregoing instru t� bs ac�now g ; � for Cal�ege. No .ar jrubii.c - brace oz 're PAM BEN NETT • NOTARY PUBLIC RETURN TO: / ; STATE OF TEXAS My COMM. Exp. 7.1-92 City of Pd)r s',.rr?�antee �� • City Nall , Paris, rtu'ras 7546p_ j RP 12JUGE0263 I a .... �...._._ ..-„w,x.�e�: na-n�nma�mmn�uvurrrvarn��ti�r�u�t�umw�nirlk��ry�V,?I?6mbii�9ti IIVI�'N1U11�1141��'VGII�fVNV�1�UINI'�IIY(��i� Red River Valley Veterans Memorial Museum Inc 501(C)(3) Non -Profit Request Property tease for Office / Museum Key ppe is ➢ On-site office at the Memorial 3> Display small donated items in Museum ➢ Provide free meeting location to all local Veteran groups in need of a space with access to a PC and printer, etc. ➢ Provide Amy Burton, DAV Certified Veteran Service Officer, private space to assist those in need of help in filing claims for service -connected assistance. ➢ Consolidate to one site to conserve funds such as electricity, Internet, insurance, etc. r Provide permanent flag storage location Page 1 of 7 Original 99 year lease dated February 2011 for .9022 acre V Amendment dated March 2015 far .3764 acre 2nd Amendment request dated October 2022 for approximately.5 acre Page 2 of 7 GEORGE W., COX SURVEY A-164 TamvI- I'll. -I'll, I- I-A,� � :- - "'—, - — — - , 311,10 fxI F .......... . .. . . ... ...... C1,11,11,11", aj oOR'N VICU 0 flR� IA �RX;1/1111'11�"', P,k r1l"J"'o ff � T 'n, 0MUPqj,'MZT 1"'oN �X, RPM, tyf 'j "', M.,/, , C I I Y PA �,R,I f X I 0VT C1,11,11,11", aj oOR'N VICU 0 flR� IA �RX;1/1111'11�"', P,k r1l"J"'o ff � T Ir,,,,,,?, �,�"��f 0 " r �Is �ti AIF k /lur 1 Approximately'% acre � % � err ��"�� r" 0✓ � u�lor' J 00 ow ON" „ f /✓/// t y // 100, Ov Ip f Page 7 of .I LEASE AGREEMENT STATE OF TEXAS COUNTY OF LAMAR This Grouild Lease is -made and entered into by and between the City of Paris, Texas, a home -rule municipal corporation, hereinafter- called LESSOR and Red River Valley Veterans Memorial, lac., a Texas Non Profit Corporation, 296 CR 4.3330, Paris, Texas 75467, hereinafter called LESSEE. RECITALS LESSOR is a municipal corporation acting by and through its Charter as a home -rule municipality having all powers granted :to. it by the Texas Constitution and not res#jeted by the laws of the State of Texas, and duly authorized to enter into this Ground Lease pursuant to. Resolution. No.r)6 I -d (o adopted and approved by the City Council of th6 City of Paris, Texas on LESSEE. is a domestic noh-pro& corporation registered and in good standing with the Office of the Secretary of State for the State of Texas and duly authorized to enter. into this Agreement by corporate resolution adopted by its Board of Directors on the day of i�'Abruaju 2011 J s -b : LES SOR-ie fee simple ownei, of a 15.248 acre tract of land being of theGeorge W. Cox'Surv.oy, Abstract Number 164, Patis Lamar. County, -Texas oonveyed.fimm Paris Juni'or Collegelothe'City of Parit on June 1-8,1999.0 and -recorded in volume 121`7, page2.63.of the Lamar County Real Property Records ("`Civic Center Tract!'). LESSEE desires to enter into a ground lease with LESSOR for a 0.9022 acre traot of land out of the Civic Center Tract to construct and develop a memorial to honor the veterans of the Red River Valley, Texas.. LESSEE anticipates that the.Mo morial will drmN, visitoks-and.tourists­to the City of Paris from Northeast Texas, the State of Texas as well as other. parts of the country. the country, The City Council of -the City. of Paris. the Visitors isitars and Convention Council and the Love Civic Center Governing Board,, collectively support this Memorial Prbject to-honar the Ypterari of the Red River Valley. NOW, THEREFORE; in consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the, receipt and adequacy of which is hereby acknowledged, the parties hereto agree as follows,: Rleia� ver, V a JJ e y Veterans n --s M' ' 'e,in""o- r_.ia" J; e a' P, ig­q_ "1", 6' f ' ' 16"" LEASE 1. Lease of Land. LESSOR does hereby lease, demise and let unto LESSEE a 0.9022 acre tract of land from the George W. Cox Survey Number 16:4, Paris, Lamar County, Texas, more particularly described by metes and bounds in Exhibit "A" attached hereto and incorporated herein by reference (the "Land"). LESSEE hereby leases the Land finm LESSOR 2. Term. The initial term of this ground Lease shall be for a period of nine (99) years commencing on the 1 day of , 2011, and ending on the ,:2� day of 2110 (the "Initial Term"). Thereafter, this Lease shall automatically renew and be extended for successive ten (10) year terms, unless either party to the Lease provides written notice to the other party of their desire to terminate said Lease. Absent the occurrence of an Event of Default, as set out in Paragraph S of this Agreement, neither party may terminate this Lease for convenience except upon providing the other party six months prior written notice of termination. 3. Covenants of LESSOR. A. LESSOR is the owner of the Land and has right to make this Lease. B. LESSOR covenants and agrees that LESSEE shall quietly have and enjoy the Land and any improvements thereon during the Terni of this Lease, without hindrance or molestation by LESSOR or any person or entity claiming by, through or under LESSOR. C. LESSOR acknowledges that LESSEE shall have the right during the Term of this Lease to develop and construct the Red River Valley Veterans Memorial (the "Memorial") on the Land, subject to and contingent upon LESSEE satisfying the covenants and the other requirements and conditions contained in this Lease. 4. Covenants of LESSEE. A. LESSEE shall construct and develop the Memorial in accordance with the site plan and concept drawing attached hereto and incorporated herein as Exhibit "B", as same may be amended and approved by LESSOR. Any amendments or additions to the site plan or concept drawing referenced above must be submitted in writing to LESSOR for review and approval before building or construction permits will be issued. LESSOR shall have sixty (60) days from receipt of a complete submittal from LESSEE, to either approve or reject any such submission. B. LESSEE agrees to comply with all applicable City ordinances and regulations in developing and constructing the Project. LESSEE further agrees to comply with all building codes and all State or Federal rules or regulations applicable to the development of the Memorial. .. ,n........._.... � �.._... .��....�. w.w. , Red River Valley Veterans Memorial Lease Page 2 of 16 C. Within thirty (30) days following completion of Phase I of the Red River Valley Veterans Memorial Project, LESSEE shall enter into the Management Agreement attached hereto as Exhibit "C" with the Love Civic Center Governing Board LESSEE shall abide by all terms of that Management Agreement throughout the duration of the Lease and the terms of said Management Agreement are hereby expressly incorporated into this Lease. D. LESSEE further covenants and agrees that all construction work to be performed by it or its contractors, including all workmanship and materials, shall be of first class quality and shall be performed in accordance with the plans, specifications and permits approved by LESSOR. During the progress of the work, LESSOR's duly authorized representative may enter upon the leased Premises and make such inspections as may be reasonably necessary for the purpose of satisfying LESSOR that the work or construction meets such requirements and standards. E. LESSEE shall be solely responsible for paying one hundred percent (100%) of all costs associated with the development and construction of the Memorial. All improvements made to the Land and personal property located thereon shall be made at the sole risk of the LESSEE. LESSOR shall have no liability or responsibility for any then, damage, misappropriation or loss to any improvements or personal property located on the Land. F. LESSEE shall be responsible for the upkeep and maintenance of the land and leased premises during the term of the Lease and any extension thereof. G. LESSEE will take good care of the Land and leased Premises and be responsible for and make good to LESSOR for all injuries and damages to the same and will deliver same to LESSOR at the expiration or termination of this Ground Lease in as good condition as when originally leased; and LESSEE will, upon the expiration or termination of this Lease, peaceably yield up to LESSOR all and singular the Premises and all improvements, additions, or repairs to or upon same, in good repair. H. The Memorial shall be an attraction open to the public and a memorial which recognizes all branches of the United States Armed Forces. LESSEE shall not discriminate. against or attempt to exclude any contributors, guests or visitors to the Red River Valley Veterans Memorial because of their race, color, sex, national origin, age or disability. I. That LESSEE shall pay or cause to be paid all charges and/or deposits for water, heat, gas, electricity, lighting, sewer, trash, and all other utilities used on the leased Premises throughout the term of this Lease, including any connection or tap fees. LESSEE shall also be ver Valley Veterans Memo ' ..............................................................._�.............w,� R d Ri rial Lease Page 3 of 16 solely responsible for obtaining all necessary easements for utilities, drainage and/or access to the Memorial Project. I LESSEE shall be solely responsible for the security of the leased premises and for the protection of the Memorial site before, during and after construction of the Memorial and throughout the term of the Lease Agreement. Provided, however LESSOR and its authorized agents may enter into and upon the Land and leased premises at any time for the purposes of inspection, upkeep, maintenance or securing the leased premises throughout the term of this Lease. K. LESSEE shall not erect, attach, exhibit or display in, on, or about said leased Premises any sign without first obtaining prior approval of the sign design, location and size from LESSOR including a permit where necessary. L. During the construction and development phase of the Memorial, LESSEE agrees to obtain and maintain an insurance policy or policies for construction liability coverage and/or Builder's Risk coverage and Owner's liability coverage. This insurance shall be provided by insurance companies authorized to write insurance policies in the State of Texas. All insurance premiums shall be paid solely by LESSEE. The insurance policies shall have limits of not less than $300,000.00 per occurrence and $600,000.00 aggregate for bodily injury or death and shall protect LESSOR and LESSEE as well as any other person or persons LESSEE may designate, against all liability for injury or damage to any person or property in any way arising out of the demolition, excavation, or construction work on the Memorial, land or leased Premises. LESSEE shall include in all construction contracts entered into by it, in connection with any or all of the construction work, a provision requiring all contractors and subcontractors to indemnify, hold harmless, defend and insure LESSOR, its elected officials, officers, agents, and employees, against the risk of death, injury, or damage to persons or property, direct or consequential, arising out of or in connection with the performance of any or all of such construction work. LESSEE shall require all contractors and subcontractors to famish liability insurance coverage and workers compensation coverage as required by this Agreement and/or state law. LESSEE shall provide copies of said insurance policies and/or certificates of insurance to LESSOR during construction and development of the Memorial. M. LESSEE shall not lease, sublease, rent or sublet the Land or leased premises, or any part thereof, without the prior written consent of LESSOR. No sublease, sublet or partial lease of the leased Premises shall have any binding effect on LESSOR without prior written approval of the Paris City Manager as authorized by formal action of the City Council of the City Red /fiver Veltey Veterans Memorial Lease Page 4 of 16 of Faris, Texas. N. LESSEE shall designate two authorized representatives as the primary contact persons for the Memorial. LESSEE agrees to coordinate any special events to be held at the Memorial Park with LESSOR LESSEE acknowledges and agrees that all parking areas serving the Civic Center property are owned and managed by LESSOR and LESSOR shall have first priority use of all parking areas. 5. Events of Default. That the following events shall be deemed to be events of default by LESSEE under this Lease: A. Failure of LESSEE to comply with any term, condition, or covenant of this Lease, if such failure shall not be cured within sixty (60) days following written notice thereof to LESSEE. B. Insolvency, the making of a transfer in fraud of creditors, or the making of an assignment for the benefit of creditors by LESSEE or any guarantor of LESSEE's obligations. Filing of a petition under any section or chapter of the National Bankruptcy Act, as amended, or under any similar law or statute of the United States or any State thereof by LESSEE or any guarantor of LESSEE's obligations, or adjudication as a bankrupt or insolvent in proceedings filed against LESSEE or such guarantor. C. Appointment of a receiver or trustee for all or substantially all of the assets of LESSEE or any guarantor of LESSEE's obligations. D. Abandonment by LESSEE of any substantial portion of the Land or leased premises or cessation of use of the Land or leased premises for the purposes stated in this Lease Agreement. E. The filing of any lien against the Land or leased premises by any third party resulting from any act or omission of LESSEE which is not discharged, paid in full and/or contested in good faith as determined by LESSOR by proper legal proceedings within thirty (30) days of receipt of actual notice by LESSEE, unless LESSEE posts a bond within this time period equal to the amount of the lien and which generates a release of said third -party lien. F. In the event of any default by the LESSEE that is not cured within sixty (60) days of receiving written notice from LESSOR, LESSOR may, in addition to any other remedies available to it, terminate this Lease. 6. In addition to the termination and forfeiture rights described in the preceding paragraph, LESSOR shall have the following rights and remedies upon default by LESSEE: Red River Valtey Veterans Memorial Lease ......_, . Page 5 of 16 A. The recovery of any damages, costs, fees, and expenses incurred by LESSOR as a result of the breach of the Lease by LESSEE, including reasonable attorneys' fees and expenses. B. The removal of all persons from the Land and leased premises, and the removal of all personal property from the land and leased premises at LESSEE's sole cost and expense. C. LESSOR shall have the right at once and without further notice to the LESSEE to enter and take full possession of the Land and leased premises occupied by the LESSEE under this Lease. Upon the termination of this Lease for any reason, LESSEE shall yield up said Land and leased premises, improvements, facilities, fixtures, and equipment to LESSOR in the same condition as when received. 7. That the waiver by LESSOR of any breach by LESSEE of the terms, covenants, conditions, or provisions of this Lease shall not be deemed to be a waiver of any other breach ofthe same or other term, covenant, condition, or provision of this Lease, regardless of when the breach has occurred. The failure of LESSOR to declare this Lease terminated for any of the reasons set out above shall not bar the right of LESSOR to subsequently terminate this Lease for any of the reasons set out above. S. That, in case any one or more of the provisions contained in this Lease shall, for any reason, be held by a Court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of the Lease, and this Lease shall be construed as if the invalid, illegal, or unenforceable provision had never been included in the Lease. 4. That this Lease constitutes the sole and only agreement of the parties to this Lease and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this Lease. 10. That no amendment, modification, or alteration of the terns of this Lease shall be binding unless it is in writing, dated subsequent to the date of this Lease, and duly executed by the parties to this Lease. 11. No termination shall relieve LESSEE of the obligation to deliver and perform on all outstanding obligations and requirements prior to the effective date of the termination and LESSEE's liabilities under this Lease shall continue. 12. That the rights and remedies provided by this Lease are cumulative, and the use of any one right or remedy by LESSOR shall not preclude or waive its right to use any or all other .....v, ......._ __. Red River Valley Veterans Memorial Lease Page 6 of 16 remedies. These rights and remedies are given in addition to any other rights the LESSOR may have by law, statute, ordinance, or otherwise. 13. This Lease Agreement shall be binding upon the successors and assigns of the parties hereto. 14. Red River Valley Veterans Memorial, Inc. does hereby agree to release, indemnify and hold LESSOR, and its elected officials, officers and employees harmless from and against any and all demands, debts, liabilities, suits, claims, and causes of action of every kind and character whatsoever for damage or injury (including death) to persons and/or property occurring on the Land or leased premises and resulting from LESSEE, LESSEE's invitees, guests, agents, servants, or employees' presence upon, use, occupancy or enjoyment of the Land and leased premises. LESSOR shall not he liable to LESSEE, LESSEE's invitees, guests, agents, servants, employees, or visitors due to the improvements located thereon, or hereafter constructed, or any other condition of the Land and leased premises being improperly constructed, maintained, or being or becoming out of repair. LESSEE hereby waives any defects on the Land and/or leased premises and agrees to hold and save LESSOR harmless from all claims for any such damages or injuries. 15. All notices required under this Lease must be given by certified mail or hand delivery with signed receipt, addressed to the proper party, at the following addresses: LESSOR LESSEE: City Manager Red River Valley Veterans Memorial, Inc. City of Paris P. O. Box 9037 Atte: GL Paris, TX 75461-9037 Title Q City Clerk City of Paris P.O. Box 9037 Paris, 7X 75461-9037 Either party may change the address to which notices are to be sent by giving the other party ten (10) days prior written notice of the new address in the manner provided in this paragraph. I6. That this Lease shall be construed under, and in accordance with, the laws of the State of Texas, and all obligations of the parties created by this Lease Agreement are performable Red River Valley Veterans Memonal Lease Page 7 of 16 in. Lamar County, Texas, Venue for State court actions ar- ising under this Agreement shall be exclusively in the courts of Lamar County, TexAs; venue for federal court actions arising under this County, Agreement shall be exclusively in the Federal courts for the Eastern District of Texas. EXECUTED ON the: dates shown in acknowledgments below. ATTEST-. - . . .... . ....... s:/Hce Effis, City.Clerk APPROVED AS TO FORM; .. . .. ..... .. . . W, Kent Mcllyai", 'ity"'A, ttomey ATTEST: �,ecretaryffreasurdr OF PARIS `Mayor RED RIVER VALLEY VETERANS. MEMORIAL, INC., LES$9E By. - e, . . . . ........ . . . . ................ . . . ......... Name.- Title- . .............. m­oin'4al Lease Page 8 of 16 ACKNOWLEDGEMENTS NTS� STATE OF TEXAS COUNTY OF LAMAR BEFORE ME4,'tht undersigned authority, on flu's day personally appeared WILL AIARDj Mayor of the City of Paris, Texas, known to me' to be the person whose. name is subscribed to. the fdregoing instrument, and acknowledged to mc.Ihat be executed the same for the purposes and consideration therein ekpk-essed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of '.5LtAA4Q,%4 .2011. rKAYR00 ND RW.60 NOTARY pUBLIC SYAfE OF TEXAS My�ommfssiDrVEX01 wi STATE OF TEXAS § 9 COUNTY OF LAMAR. § . ........... ................... Notary P(11blic, State of Texas HEFOI2E ME, the undersigned authority, on this d4 personally appeared rAqV/ A pf Red'River Valley Veterans Memorial, lnc.,. kridwn to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged -to me that helshe executed the same for the purposes :and consideration therewn expressed.6n behalf of said corpo-ration. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the ld dgy of . .. .......... _'2011. ,Y S h 40onnon N. Barrentim A Notary Public .c -st-I.STATE OF TEXAS MY comn4a'sic �',�otary Public, State of Texas Expires 09MA0.11 Red Page 9 of 16 RiverV all ey V,—ct,e-,r a"n' s M­."e""m'""o_r__i­a1_ L e a s' 'e" EXHIBIT "A" Metes & Bounds Legal Description of the Leased Premises _. Red River Valley Veterans Memorial Lease Page 10 of 16 GEORGE W. COX SURVEY A-164 b SCALE: 11'50' PARIM Wr LEGIM CAPPED HRON ROD SET 0 CIRF GAPPED IRON RDD FWND IRF V DR DEED RECORDS PR CITY OF PARIS POB POINT OF BEGINNING .RP VOL 1217, PU2U ADJOINING PROPERTY LINE TREE CALLED 152A ACRES ffi 0 25 00 Z�$ BAR SCALE a CIIYOFPARIS EPVOI 1F7.P0262 f CALLED 15.248 ACRES CI YOFPARL4 RP VOL 1217, FQ2O CALLED IS"ACRES gxle-a- elieOr __x x x 7wwNl M L KMN IL VHIR". REGISIlERED PROFDmAL LAND SURVEYOR FOR THE STAR: OF TE%A% RPLS #=Z 00 HEREBY COMFY THAT RIE PLAT SHOYVM I REPRESENTS AN ACTUAL ON-INE-4ROM SUR%EY 9 CTM 8Y YE: FETED ON AUGUST P. 2MO. ttEirlN WtlI'U J y' *PLS aaaw >:twar�RE<c oesoa>,awi AOCpNAtQES ees �>: UuxmPoRATJM :leo Pasaerr wra .,s ,�1, F IM MAX CASnIMM TWE FORD! NM F OMBI 0 alp LEGIM CAPPED HRON ROD SET 0 CIRF GAPPED IRON RDD FWND IRF WON RAD FOWID DR DEED RECORDS PR PLAT RECORDS POB POINT OF BEGINNING — — ADJOINING PROPERTY LINE TREE ffi 0 25 00 Z�$ BAR SCALE 1 � i cr 0.9022 ACRE N} ' pp1 Z' N eir (34r 300.0Wx x x x .:e RNW DIlS #PARISJU MR OOL LM DRVaL 35%PO172 FE WTRACT CAURDS91 ACRES RED RIVER VALLEY VETERANS MEMORIAL GARDEN 0.9022 ACRE CITY OF PARIS LAMAR COUNTY, ZEXAS AUGUST 20I0 s h' pp1 Z' Y� Z�$ a CIIYOFPARIS EPVOI 1F7.P0262 f CALLED 15.248 ACRES �wESP 125.Ir ' HItF s 0.9022 Acre Lamar County, Texas George W. Coot Survey A 164 August 2010 Being 0.9022 acre of land situated within the corporate Units of the City of pans, Lamar County, Texas, ,said 0.9022 acre being part of the George W. Cox Survey, Abstract Number 164 as well as being Part of a called 15.248 acre tract of land conveyed from Paris Junior College to the City of Pana on June i g, 1990 and recorded in volume 1217, page 263. The said 0.9022 acre being more fatly described by metes and bounds as follows: Beginning at a % capped iron rod set in the South boundary line of the aforementioned called 15.248 acre City of Paris tract, said rod also being in the current most Southern North boundary line of a called 55.91 acre tract of land conveyed from Bedford E. Booth and Malvina Booth to Paris Junior College District on May 22, 1956 and recorded as the first tract in volume 350, page 172, from said rod a % inch iron rod found at the Southeast corner of said called 15.248 acre City of Paris tract bears East 125.00 feet, Thence West, along the common boundary line of the aforementioned called 15.248 acre City of Paris tract and the aforementioned called 55.91 acre Paris Junior College District tract a distance of 300.00 feet to a % inch capped iron rod set; Thence North, a distance of 131.00 feet to a % inch capped iron rod set; Thence East, a distance of 300.00 feet to a % inch capped iron rod set; Thence South, a distance of 131.00 feet to the Point of Beginning and containing 0.9022 acre of land. The East boundary line of the aforementioned called 15.248 acre City of Paris tract was used as Reference Bearing (North) for the above described 0.9022 acre. I, KEVIN K. WHMLEY, REGISTERED PROFESSIONAL LAND SURVEYOR, 05892, STATE OF TEXAS, HEREBY CERTIFY TBE ABOVE IS TAKEN FROM MEASUREMENTS MADE UPON THE GROUND, CONDUCTED BY ME AND COMPLETED ON AUGUST 2, 2010. f/ g OF snt wawrc -w, "omo R RIVE#i VALLEY VETERANS MEMORIAL C�;,ioLOOM t a �� EXHIBITM"0 Management Agreement m W M.w... ... Red River Valley Yeteraas Memorial I.easo Page 12 of 16 MANAGEMENT AGREEMENT 1. Red River Valley Veterans Memorial, Inc ("Veterans Memorial") and the Love Civic Center Governing Board ("Civic Center") enter into a Management Agreement whereby Veterans Memorial will provide funding for the upkeep and maintenance of the Red River Valley Veterans Memorial and Civic Center agrees to oversee and manage the upkeep and maintenance of the Memorial Project with funding provided by Veterans Memorial. 2. The term of this Management Agreement shall commence when Veterans Memorial delivers a letter to the Civic Center informing the Civic Center that the Memorial Project is complete and formally requesting that Civic Center begin maintaining the grounds at the Memorial Park. The term of the Management Agreement shall end upon the expiration or termination of the Lease Agreement between Veterans Memorial and the City of Paris for the Memorial Park situated on a 0.9022 acre tract of land more particularly described in Exhibit "A" to the Lease Agreement (hereinafter referred to as the "Land"). 3. Throughout the term of this Management Agreement, Civic Center shall keep the Land free of litter, trash, tall grass and weeds and in good order and condition. 4. The executive board of Veterans Memorial shall meet at least once annually with the Civic Center Board to discuss maintenance and upkeep of the Memorial Park and to make decisions about necessary repairs and/or improvements. 5. Within 30 days following the completion of Phase I of the Red River Valley Veterans Memorial Project, the Veterans Memorial shall establish and deposit a minimum amount of TWENTY THOUSAND AND NO/DOLLARS ($20,000.00) into the Red River Valley Veterans Memorial Perpetual Care Fund with a local bank in Paris, Texas to provide for the upkeep and maintenance ofthe Red River Valley Veterans Memorial and to keep the Land and Premises clean, free of trash, litter, tall grass and weeds and in overall good condition. 6. All maintenance, upkeep and repair of the Red River Valley Veterans Memorial shall be funded through the Red River Valley Veterans Memorial Perpetual Care Fund. The executive boards of Veterans Memorial and Civic Center shall designate and approve three officers from Civic Center to have signatory authority to write checks and withdraw funds from the Red River R ,,, ww ed River Valley Veterans Memorial Lease Page 13 of 16 . Valley Veterans Memorial Perpetual Care Fund to pay for maintenance, upkeep and repair of the Memorial Park and grounds. 7. Any checks, drafts, or withdrawals made against the Red River Valley Veterans Memorial Perpetual Care Fund which exceed FIVE HUNDRED DOLLARS ($500.00), shall require two authorized signatures. The Civic Center shall have no authority to borrow money against the assets of the Perpetual Care Fund or to take out loans or use the Perpetual Care Fund as security for a loan. 8. Veterans Memorial shall make periodic deposits to the Perpetual Care Fund to insure that it is sufficiently funded to meet the monthly maintenance, upkeep and repair demands of the Red River Valley Veterans Memorial. This obligation shall extend to the Land and to all improvements located thereon. 9. Should the balance of the Perpetual Care Fund fall below TWENTY THOUSAND AND NOIDOLLARS ($20,000.00) and/or Veteran's Memorial fails to make timely deposits to replenish the Perpetual Care Fund as provided in this Management Agreement, Civic Center may terminate the Management Agreement by providing Veteran's Memorial thirty (30) days written notice. 10. If additional funds remain in the Perpetual Care Fund, over and above the required minimum annual budget of $20,000, the Veterans Memorial may use additional funds to pay for Veterans Day or Memorial Day events at the Memorial Park or to honor Red River Valley Veterans. 11. During the term of this Management Agreement, and any extensions thereof, the Civic Center agrees to add the Red River Valley Veteran's Memorial property under its general liability insurance policy as long as the Veteran's Memorial timely reimburses the Civic Center for 1000% of the annual premium cost to cover the Veteran's Memorial land and improvements thereon. The Veteran's Memorial shall also be solely responsible for paying 100% of any insurance deductible due for any insurance claim filed against the general liability insurance policy for accidents or injuries arising on the Veteran's Memorial property and improvements thereon. 12. The Veterans Memorial does hereby agree to release, indemnify and hold the Love Civic Center, its Board members, officers and employees harmless from and against any and �ri.... �r ...�.... _. w_..� �w.�... ..._e.. oo_,, ....�.... .._........................ —_...ry Red River Valley Veterans Memorial Lease Page 14 of 16 aA demands, debts, liabilities, suits, claims, and causes of action of every kind and character whatsoever for damage or injury (including death) to persons and/or property occurring on the Land or leased premises and resulting from Veterans' Memorial invitees, guests, agents, servants, or employees' presence upon, use, occupancy or enjoyment of the Land and leased premises. The Civic Center sball not be liable to Veterans' Memorial invitees, guests, agents, servants, employees, or visitors due to the improvements located thereon, or hereafter constructed, or any other condition of the Land and leased premises being improperly constructed, maintained, or being or becoming out of repair. The Veterans Memorial hereby waives any defects on the Land and/or leased premises and agrees to hold and save Civic Center harmless from all claims for any such damages or injuries. 13. The waiver by Civic Center of any breach by Veterans Memorial of the terms, covenants, conditions, or provisions of this Management Agreement shall not be deemed to be a waiver of any other breach of the same or other term, covenant, condition, or provision of this Agreement, regardless of when the breach has occurred. The failure of Civic Center to declare this Agreement terminated for any of the reasons set out above shall not bar the right of Civic Center to subsequently terminate this Management Agreement for any of the reasons set out above. 14. That, in case any one or more of the provisions contained in this Agreement shall, for any reason, be held by a Court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of the Agreement, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been included in the Agreement. 15. That this Management Agreement constitutes the sole and only agreement of the parties to this Agreement and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this Agreement. 16. That no amendment, modification, or alteration of the terms of this Management Agreement shall be binding unless it is in writing, dated subsequent to the date of this Agreement, and duly executed by the parties to this Agreement. ..,.,......�_�.,,..,...,.W_._..__..��,o........._._m.romm,.__..,,,..,,�._� �,„ ..,,�w.M,,.,...W....... .. .pe....e 15 of .... Red River Valley Veterans Memorial Lease 16 RED RIVER VALLEY VETERANS MEMORIAL, INC. Name Title:mm LOVE CIVIC CENTER GOVERNING BOARD Name: �-"- Date Title:., Rd Ri_er Valley Veteraris ------ - �.......... Memorial Lease Page 16 of 16 CERTIFICATE OF RESOLUTION OF RED RIVER VALLEY VETERANS' MEMORIAL, INC: 1,- the undersigned (title) of Red River Valley -Veterans' Memorial, Inc., ('- Veterans' Memorial") certify the fbIldwing.9s:of the date of this Certificate: 1. The following resolutions were duly adopted. by Vetere�is' Memorial, and: none of such resolutions have been amended, modified, or repealed in any respect and all of such resolutions are.in full force and effect on this date: 1111133SOLVED, fliat Vetorans' Memorial hereby ratifies, consents,, and divots 'mA to'execute z LeaseAgreementwith the City ofParis, Texas leasing a the property de ' 9cfibed:'on the Attached Exhibit "A" and .to execute any other instrintdrits- that are - necessary to consummate the transaction. ................ .. .. .. . Printed Nitme TI -1E STATE, OF TEXAS COUNTY 01" LAMAR This Instrumpent was acknowledged and sworn to befofe me on.the r day of F, bru4rY,201.1,by _DQUA(naitte), LAj21:r(A0A (title) of Red River Valley Veterans' Mleffioriial, Inc. j &9y.P&1,.Shann6n N. Barreatine, - Notary Public %1 4. ATEomm OF TEXAn S. -'-W STC MY issio Notary Public Expiresv091-2612011 FIRST AMENDMENT OF LEASE AGREEMENT BETWEEN CITY OF PARIS, TEXAS AND RED RIVER VALLEY VETERANS MEMORIAL, INC. This First Amendment of Lease Agreement, is entered into by and between The City of Paris, Texas, a home -rule municipality, whose address is P.O. Box 9037, Paris, Texas 75461 (hereinafter "LESSOR") and Red River Valley Veterans Memorial, Inc., a Texas Non -Profit Corporation, 296 CR 43330, Paris, Texas 75467 (hereinafter "LESSEE"). RECITALS WHEREAS, on February 28, 2011, LESSOR entered into a long term ground lease agreement with LESSEE covering a 0.9022 acre tract of land out of the Love Civic Center Tract to develop the Red River Valley Veterans Memorial to honor U.S. Military Veterans from the Red River Valley. WHEREAS, LESSEE now wishes to lease an additional .9022 acre tract from LESSOR adjacent to and east of the original leased parcel to expand the Memorial and add new features which will subsequently be designed and presented to LESSOR for approval in accordance with the terms of the Lease Agreement. WHEREAS, LESSOR and LESSEE hereby agree to amend the Lease Agreement dated February 28, 2011 by adding a .9022 acre parcel adjacent to and located east of the original parcel, the additional parcel being further described by metes and bounds in the legal description attached hereto as Exhibit "A" ("Additional Premises"). NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: SECTION ONE. ADDITIONAL PREMISES LESSOR hereby leases to LESSEE and LESSEE accepts from LESSOR that additional .9022 acre parcel located adjacent to and east of the existing leased parcel as more particularly described in the metes and bounds description attached hereto as Exhibit "A" ("Additional Premises"). The additional premises are leased on the same terms and provisions as are contained in the Lease Agreement, except as otherwise provided in this First Amendment to Lease Agreement. SECTION TWO. BINDING EFFECT The Lease Agreement dated February 28, 2011, as amended by this First Amendment of Lease Agreement, shall continue in full force and effect subject to the terms and provisions of the Lease Agreement and this First Amendment of the Lease Agreement. This First Amendment shall bind and inure to the benefit of LESSOR and LESSEE and their respective successors and permitted assigns. In the event of any conflict between the terms, covenants, and conditions of the Lease Agreement and the terms, covenants, and conditions of this amendment, the terms, covenants, and conditions of this First Page I of 3 Amendment shall control. In witness, LESSOR and LESSEE have executed this First Amendment to Lease Agreement as of September 22, 2014. ATTEST: �mice Ellis, City Clerk APPROVED AS TO FORM: A(I ... ........ W. Kent WE ahC ty Attorney ATTEST: Secretary/Treasurer CITY OF PARIS, LESSOR: By: Matt Frierson, Mayor RED RIVER VALLEY VETERANS MEMORIAL, INC., LESSEE By: Name:or I ( 2e 1� Title: Page 2 of 3 ACKNOWLEDGEMENTS STATE OF TEXAS § COUNTY OF LAMAR § BEFORE ME, the undersigned authority, on this day personally appeared Matt Frierson, Mayor of the City of 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 the day of W' 2014. rn glary Public, State of Teasu4 STATE OF TEXAS § NO i i �r °mm� COUNTY OF LAMAR §16- , BEFORE ME, the undersigned authority, on this day personally appeared 6 geyC?_w____www , _ CAA?irmoeA.. of Red River Valley Veterans Memorial, Inc., known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed on behalf of said corporation. // GIVEN UNDER MY HAND AND SEAL OF OFFICE this the `,Y& day of 6jl 2 ........................�2014. "`_�.�.�...._ ........... — Notary $glic, tate of Texas Page 3 of 3 LEASE 0.9022 Acre Lamar County, Texas George W. Cox Survey A-164 February 2014 LESSOR does hereby lease, demise, and let unto LESSEE an additional 0.9022 acre tract of land from the George W. Cox Survey Number 164, Paris, Lamar County, Texas, more particularly described by metes and bounds below: Being 0.9022 acre of land situated within the corporate limits of the City of Paris, Lamar County, Texas, said 0.92022 acre being part of the George W. Cox Survey, Abstract Number 164, as well as being part of a called 15.248 acre tract of land conveyed from Paris Junior College to the City of Paris on June 18, 1990 and recorded in volume 1217, page 263. The said 0.9022 acre being more fully described by metes and bounds as follow: Beginning at a'r4 capped iron rod set in the northeast corner of a 0.9022 acre parcel leased from the City of Paris to the Red River Valley Veterans Memorial, Inc. on February 28, 2011; Thence West, along the northern boundary line of the aforementioned February 2011 lease a distance of 300.0 feet to a % inch capped iron rod set, Thence North, a distance of 131.0 feet; Thence East, a distance of 300.0 feet; Thence South, a distance of 131.0 feet to the Point of Beginning and containing 0.9022 acre of land. F.x HiBIT . ,� IRP, N V I in ch 80 (0, 0 'All it I T, Red River Valley Veteran's Memorial Proposed Lease Exhibit 14 Orion on No IN Immune" aI a owns UL Existing Lease a a S 0 n'iii a a a IN im a a 0 IN 0 a a W* a own T, Red River Valley Veteran's Memorial Proposed Lease Exhibit CONVENTION CENTER MANAGEMENT AGREEMENT This Agreement shall be between the City of Paris, Texas, a home rule municipal corporation (hereinafter CITY), and the Lamar County Chamber of Commerce, a 501C-6 not- for-profit corporation (hereinafter CHAMBER), which in consideration of the mutual covenants, agreements, stipulations, and payments, do hereby contract and agree as follows. Section 1. Responsibilities of Parties. CITY shall: 1. Convey to CHAMBER quarterly distributions of the Hotel Occupancy Tax collected pursuant to State law. 2. Retain five percent (5%) of quarterly Hotel Occupancy Tax proceeds to pay CITY's administrative costs, and for the purpose of funding special purpose grants to enhance tourism as approved by the City Council of Paris, and consistent with State law. CHAMBER shall: 1. Operate, support, fund, staff, and otherwise maintain an active Visitors and Convention Council (VCC) for the purpose of promoting tourism and the convention and hotel industry within the City of Paris. 2. Use one-half of HOT proceeds received from CITY for operation and maintenance of LCC facilities, and other such proceeds as are generated by or contributed to the LCC facilities to use, staff, maintain, and operate CITY'S Love Civic Center (LCC) facilities for the operation of a conference, meeting, convention, and exhibit center for holding conventions, meetings, exhibits ,and other events and activities to attract conventions, tourists, and other visitors and for the benefit of the City and the general public. 3. Deposit all Hotel Occupancy Tax (HOT) proceeds into a separate banking account at a local financial institution which is federally chartered and FDIC -insured in such a manner that no other funds of CHAMBER are or can be comingled-withHOT proceeds. 4. Submit for approval by CITY, on or before August 1 of each year, a proposed annual program of work and budget for the VCC and for LCC facilities. 5. Submit minutes of the meetings of the VCC and LCC boards to CITY within thirty (30) days of approval of said minutes. 6. Comply with all State statutes and city ordinances pertaining to the use of leased facilities and of Hotel Occupancy Tax proceeds. 7. Maintain complete and accurate financial records of all expenditures of HOT and make such records available for review and inspection upon request of CITY. 8. Provide written quarterly reports to CITY, summarizing revenues and expenditures, as well as convention and tourism activities and statistics, and present such reports verbally upon request of CITY. 1 9. May, at its discretion, contract with qualified third parties to provide high quality promotion of tourism and the hotel industry. 10. May, at its discretion, establish operating policies and procedures that give day -of -the - week preference to activities and events at the LCC that are most likely to result in out-of- town visits which in turn will increase HOT proceeds and promote the hotel industry. 11. Subject to reasonable availability, provide to CITY six rent-free uses of LCC facilities; provided, however, CITY shall reimburse LCC for any damages, and shall make every reasonable effort to use LCC facilities on weekdays instead of weekend days. 12. Subject to reasonable availability, provide to Paris Junior College three rent-free uses of LCC facilities for college related functions; provided, however, that college shall provide a reasonable damage deposit and/or insurance coverage for each event and reimburse LCC for any damages. 13. Subject to reasonable availability, provide to the VCC three rent-free uses of LCC facilities for VCC related functions; provided, however, that VCC shall provide a reasonable damage deposit and/or insurance coverage for each event and reimburse LCC for any damages. 14. Maintain responsibility for all costs associated with the maintenance and operation of the LCC facilities, including all capital expenditures deemed necessary to keep any and all facilities in the same condition as of the date of execution of this agreement (normal wear and tear excluded) throughout the term of this Agreement. 15. Take every reasonable effort and accommodation to ensure accessibility to the LCC facilities by persons with disabilities. Section 2. Future LlOT rate finer 1. In the event that CITY adopts, consistent with State law, an assessment rate increase in the HOT, with the expectation of financing improvements to the VCC directly with proceeds of the increased HOT, CITY shall establish a Capital Reserve Account into which CITY shall deposit all proceeds from said increase. CHAMBER shall have the right, upon submission of a written request accompanied by such supporting documentation as CITY may require, to reimbursement from funds held in the Capital Reserve Account for monies spent by CHAMBER for capital maintenance and improvement items approved by CITY and related to the Love Civic Center during the term of this Agreement. 2. In the event that CITY adopts, consistent with State law, an assessment rate increase in the HOT, with the expectation of financing improvements to the VCC directly with proceeds bonds, certificates of obligation or other public securities to be issued by CITY (OBLIGATIONS), CITY shall establish a debt construction account (CONSTRUCTION ACCOUNT) in accordance with the proceedings authorizing the OBLIGATIONS into which CITY shall deposit all or part of the proceeds of the OBLIGATIONS. CHAMBER shall have the right, upon submission of a written request accompanied by such supporting documentation PJ as CITY may require, to payment or reimbursement from funds held in the CONSTRUCTION ACCOUNT for monies spent by CHAMBER for capital maintenance and improvement items approved by CITY and related to the Love Civic Center during the term of this Agreement. R not an went of CITY. Se on 3, CA B „ CHAMBER covenants and agrees it is an independent contractor and not an officer, agent, servant or employee of CITY; that CHAMBER shall have exclusive right and authority to control services to be performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontractors, and consultants; and that nothing contained herein shall be construed as creating a partnership or joint enterprise between CHAMBER and CITY for the purpose of this Agreement and shall, in no manner, incur expense or liability on behalf of CITY. Section 4, old harmless. CHAMBER does hereby agree to release, indemnify, and hold CITY and its officers and employees harmless from and against any and all demands, debts, liabilities, suits, claims, and causes of action of every kind and character whatsoever for damage or injury (including death) to persons and/or property occurring on the LCC facilities and resulting from CHAMBER's invitees, guests, agents, servants, or employees' presence upon, use, occupancy or enjoyment of the LCC facilities. CITY shall not be liable to CHAMBER invitees, guests, agents, servants, employees, or visitors due to the improvements located thereon, or hereafter constructed, or any other condition of the LCC facilities being improperly constructed, maintained, or being or becoming out of repair. However, both CHAMBER and CITY shall carry all requisite insurance Waiver by CITY of any breach by CHAMBER of the terms, covenants, conditions, or provisions of the Agreement shall not be deemed to be a waiver of any other breach of the same or other term, covenant, condition, or provision of this Agreement terminated for any of the reasons set out above and shall not bar the right of CITY to subsequently terminate this Agreement for any of the reasons set out above. Section 5. Severabilit m,om Mete agreement,,modificatn. In case any one or more of the provisions contained in the Agreement shall, for any reason, be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of the Agreement, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been included in the Agreement. This Agreement constitutes the sole and only Agreement of the parties to this Agreement and supersedes any prior understandings or written or oral agreements between the parties 3 respecting the subject matter of this Agreement. However, this Agreement may be executed in duplicate originals, and each shall be considered an original document. No amendment, modification, or alteration of the terms of this Agreement shall be binding unless it is in writing, dated subsequent to the date of this Agreement, and duly executed by the parties to this Agreement. Section O.1Term_. Recognizing the need of CHAMBER to invest and reinvest in LCC and facilities, and to consider long-term professional services agreements and programming for the promotion of tourism and the convention and hotel industry, this Agreement shall remain in full force and effect for a period of ten years, except that either party may terminate this Agreement, with or without cause, with a minimum of 364 days written notice. Recognizing that CITY will necessarily assume responsibility for any remaining debt for capital improvements to LCC facilities, CHAMBER shall submit to and receive approval of CITY prior to the issuance of any such debt. Sectipn 7.,nN,AL01 All notices, demands, payments and other communications required to be given or made hereunder shall be in writing and shall be duly given if delivered by hand, messenger, telecopy or reputable overnight courier or if mailed by certified or registered mail, first class postage prepaid, and shall be effectively received upon the date of such delivery or two (2) days after such mailing, to the respective parties hereto at the addresses set forth below, or to such other address furnished in writing to the other party hereto. Section 8. Tax Exem rt„ Obligations Compliance. CHAMBER understands that CITY plans to finance improvements to the VCC with proceeds of OBLIGATIONS, the interest of which is excludable from "gross income" for federal income tax purposes, and that, therefore, this Agreement must comply with the management contract's safe - harbor guidelines of Rev. Proc. 2017-13, I.R.B. 2017-6, as amended and superseded (GUIDLINES). CITY and CHAMBER represent that compensation for the services provided by CHAMBER is reasonable, and it is consistent with industry standards. In furtherance thereof, CHAMBER agrees (a) that it is not entitled to and will not take any tax position that is inconsistent with being a service provider to CITY with respect to the VCC; (b) not to claim any depreciation or amortization deduction, investment tax credit, or deduction that an owner would otherwise be allowed with respect to the VCC; (c) that CITY bears the risk of loss upon damage or destruction of the managed property (for example, due to force majeure); (d) to not share in the net losses from the operation of the VCC; and (e) to have its compensation based on net profits derived from the VCC. CITY and CHAMBER agree to ensure that throughout the term of this Agreement_ (i) no more than 20 percent of the voting power of the governing body of CITY is vested in the directors, officers, shareholders, partners, members, and employees of CHAMBER, in the 4 aggregate; (ii) the governing body of CITY does not include the chief executive officer (or a person with equivalent management responsibilities) of CHAMBER or the chairperson (or equivalent executive) of CHAMBER's governing body; and (iii) the chief executive officer of CHAMBER is not the chief executive officer of CITY or any of the qualified user's related parties (within the meaning of section 1.150-1(b) of the U.S. Treasury Regulations). CHAMBER and CITY agree to make a good -faith effort to amend this Agreement, to the extent necessary to ensure compliance with the GUIDELINES. In no event will the term of this Agreement exceed the lesser of 30 years or 80 percent of the weighted average reasonably expected economic life of the VCC. IN WITNESS WHEREOF, the parties hereto have executed and delivered this Lease as of the date and year first set forth above written. EXECUTED day of 2019, by the CITY OF PARIS, TEXAS and the LAMAR COUNTY C OF COMMERCE. acting by and through their authorized representatives. CITY OF PARIS, TEXAS 14 fly jrl(rWi ' Godwin, City Manager ATTEST: p Ellis, City Clerk LAMAR COUNTY CHAMBER OF COMMERCE e By:•._, P N ul Allen, President 8JXEST: Dr. �Lmda Kapp , =h.� e ai_.........._. �. rperson