2207 RES RED RIVER VALLEY EXPOSITION INC HAS REQUESTED CITY COUNCIL TO SUBORDINATE LANDLORD'S LIEN UPON 0.021 ACRE LOTRESOLUTION N0. 22~_
the Red River Valley Exposition, Inc. has
WHEREAS, of Paris to subordinate
requested Tae s ~lienCu~onla Of 021eacre y lot up e on which a
its landlo
Community Exhibit Center is he bnte~sectionof CenteroAvesre
at the Southwest corner of t ro ert heretofo
and 6th Street N. E. upon the fairgroundp as authorized
leased to Red River Valley Exposition, n and,
in Resolution No. 2080 of the City of Paris;
WHEREAS, the City of Paris wishes to continue to
truction of new buildings
encourage the improvement by cons the Red River Valley
on the fairground property bY reeable to subordinating
Exposition, Iric., and is therefore ag
uested, upon the terms and conditions
its landlord lien as re9 reement attached hereto as
described in subordination ag
Exhibit "A"; and,
in the event that there are any abandoned
WHEREAS,
Right of Ways and alleys thWe herebytfind r thathsuch Right
use of the 0.021 acre lot, the City of Paris and
of Ways or alleys are not needed bY THEREFORE,
the same should be forthwith closed; NOW, F THE CITY OF PARIS,
BE IT RESOLVED BY THE CITY COUNCJoeOGraham, be, and is
that the Mayor of the City of Paris,
hereby authorized and directedordinationoAgreementointhe
Citycf Paris, the Landlord s Sub paris, Texas,
favor of the Litconditions Band in thelform attached
upon the terms and
hereto as Exhibit '°A" •
BE IT FURTHER RESOLVED that any Right of Ways or
alleys that may interfere with the proposed use of the
tract described in Exhibi.t "A andacloseldereto is hereby
abandoned by the City of par S 1982
Passed and adopted this 13th day of September,
J e "Graham,MN7~Nr/-
ATTEST:
g, . Greene, City Cler.k
ApPROVED AS TO FORM:
~--~T. K. Hay~~ City Attorne
A~REEMENT
STATE OF TEXAS X
COlTNTY OF LAMAR X. . - •i -
~
on the 9th day of February, 1981~ a~ease
WHEREAS,
eement was made and entered intoobYPaTdSbeTexas,~ as CIT
Agr
OF PARIS, a municipal corporation~
owner and Lessor, and RED RIVER VALLEY EXPOSITION, IN a
cor oration, as Lessee, covering the property and presnises
P Texas commonly known as the Fair Grounds
in Lamar.County,
and being described in ExhibitASttan ed hereto and in-
corporated herein for all purpo e,
^WHEREAg, Red River Valley Exposition, Inc., is arrang-
ing for the construction and.eroWtiocateddonathislpropertye
livestock exhibition building n
the construction, and erectj_onoitWh ag eementhand-deedeofitrust
and the debt secured by a secu y
obtanlsuchg and
n and against the existing livesincorderltot i
the improvements to be made, and
" financing it is required~by the lreatedtbyttheeexecutionPofis
subordinate its landlord s lle~eement and deed of trust; and,
the aforementioned security ag__
rove-
.~Y~ y7HEREAS, the construction ot
ments to the livestock exhibition
substantial value and benefit to
'd ts• NOW THEREFORE,
these initial
building will be of
the City of Paris and its
resi en , ► KNOW ALL MEN BY THESE PRESENTSon ofathehCitytofoParis,s,
pursuant to a duly adopted resolut Michael
,acting by and through its dthe CithoClerk,M yH.orC• Greene,
E. Malone, and attested by y-
hasand does hereby suboadbankingncorporation lof Paris,
National Bank in Paris,
Texas, in consideration of itbu~enotnmoredthaneTHIRTYey
Exposition, Inc., as much as .
THOUSAND DOLLARS ($30,000.00), t0•finance said construction
of certain improvements and a cominunity ~ exhibition building, the Landlord's lien-it has and =olert
hold against the buildingS amentmaforementionedthso tl?P_at-----
by virtue of its Lease Agree
the security agreement and aeiacof touthitolend~rCtoef b ance
Red River Valley Exposition~ , Whic~ consist of a,com-
the construction of the improvements - rlor ' st'and munity _exhibition buildiag will
ot onlyrof the original
lien thereon securing the p Y~ but new
indebtedness but also renewals thatnthenexisting,,
partial or otherwise,•fuY ther agr
--cQCnmunity-exhibition andlallgfurniture, f~Provurnisementshings, an fhereixturtoes
additions to be made time Placed thereon or affixed t
and equipment at any
shall not be integrated into ane rortiontofethetloanlformthe
personal property so long a Y P -
construction of these improvements remain unpaid___ _
j Should Red River Valley Exposition, Inc. ' default in
a ent of the indebtedness contemplated to be created by
P YII'
.
i ~
i `
e
i ~
in Paris for
National Bank Should
it in f avor of the .~~-b~xt~'" = this lender •
and if zoCeedings~ the
ose a foreinentioneae ossession p the
the Purp foreclosure °r P improvements and
institute existing loan and/or remove it
dismantle the this tract of to lan thd
lender maY lated b)' described e
imProvements contfrom the above obligat~-on
an d its contents ln~urring anY ~`ind of received ten ~10)
eby ~ having dismantling,
with elect
out ther it should
of Paris (unless nded removal to the Libe~Y
City of the inte eafter p~Y
days p3"ior notice time ther then owing to
a reasonable the full amount al ~nterest,
to and within paris rincip ~
National Bank in EXPosition, In~'' p Notice of accept'
it by Red River Valley S fees, lf any)' . •in Paris is
costs,bandhetL~be~t.~ , National Bank
court
ance hereoWaived. this th
expressly triPlicate,
execution hereof in .
Witness t1981.
day of March, • : .
. CITY OF PARIS ~ . ~
r~ U
BY • ~ ~ Mayor
Jo Graham
ATTE ST : ` , -
. ~
.
Cit C er
ree e, y
STATE OF TEXAS X .
X ' .
COUN`I'Y OF LAMAR on this day,
ned authority, or o f the C1tY
the ~unders~aham ~ May sub-
BEFORE ME eared Joe G Whose riame ld to
erson
ersonally aPP and acknowledge -
to me to be ins the_ptrument, and consideration
of Paris, known SeS
oing the purP° and in
Scribed to the f°regthe same for of Said City
Q1e that he execute,d the act and deed
therein expressed,.as
acity thereiri stated. this day
the caP pg OFFICE,
DER N1Y HAND AND SEAL
GIVEN ~ 1982. .
•of SePtember, ;
St e o exas
i
> Pu" C,
~otar~.
~i .
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~
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tP~~
0
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.
41
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So . I
Scale:/"=30'
AvE.
7s '
+
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~
W
~
- o ,4~LEy M
M
S88•4s'E ° 7s'
~ f ye~
~ y•P wh,i.ck .~nceude.b 0.021 ach.
0.293 aclt-e.b o~.2and,
Nelson, Registered Public
I' j,M. icted and described
that the above mepon the gro,und on the
~~~no ~„e~e.a kown the/,Leon ahe coAviceat.
D.ZTZto.oz~= o.z93 ~
~
FIELV NOTES ~
S.i.tucLted with,i.n tCv~.wtypo~
o ~ the ~N 0 ~ p~' ~he Redd,i.n
and State a4 Texas, Q p~ ab a~
Russe,P.~ Sutcvey, #786, av~d be,i-ng a pakt
b vck `
,Q.ats 2,3 , and 5, and ~°b Zd~a,i.d Adcu- ~
~ 18, a~the Fu;i~cv.i.ew Add,i~'.i,on, Re- ~
;I c
~,i..an be,i.ng du,2y neconded .i,n the P.e.at
cands a~ h a,i.d Co uwty and S~cc~e •
nwi.ng n ax conrLelc
Beg~- at an i~.a n►~a,i.d ~.a~ 4.
at the Nati,theast cohnec. l 04 M.i.n. we~~
Thence Nan.th 88 '~eg. 45
aZong the South Bou~dan~he Line Nvn~~el Ce~~v~teh
Ave. at 62 bt. pahsn9 :
hea~~ ,
evhneJc o~ scu.d .~at 4 and the Narct
,~~d ,~ot 5 and co►tit.i-~.u.i-ng on a
cor~nelc o~ ~
~ .c.on
, . tata.e d,v~ta.nce 04 75 ta an bon cannen; 30 M.i.n. Eabt at ;
z Thence Sou,th 0 ~eg.
145 6t. pahs~.ng the Nar~,t~. Ba~~nY ~ ee i
\9 a~ an A.PX.ey and at 157 b h
Soc.ith Boundany l,i.ne o~ ba,i.d A.e,eey and
co►tit.f-nu,ing on atata.e d.<-6tance oi 170
to an .i)Lan ptin ~o& connen; 5 M-i.n. ~a.b~
Thence South 88 Deg. 4
at 13 ~t. pazb.i,ng the Ea.at Boundah.y i.c.ne
ob ba,i.d ~2at 2 and the U1e,bt Boundany L,i.ne
b aa,i.d .2a~ 3 and cov~-nc.u.n9 on atota.t
a
15 ta an .►.on p~i.n {oh
d,i,btance 06
Ea.ex
con.nelc; M~-r.
y, Thence Non-th 0'~eg • 30 ~ne e;~ b~'~:
a,e.ong the we,bt Boundcvcy
cLt 13 bt. pos-i.ng the Na heazaingnthe
a6 6~d ,~ot 3 and at~d6~o~p4 an.d con-
Sac.~heast canneJc o~ b 170 ~z-
~,i.nutin9 on Q tata2 distance o~
ZS to the ptace a~ beg.i.nwi.ng and co►titai►tii.n-li
in ba,i.d A.2,eeN• No. 4025, certi fy
Surveyor of ?exas,
tract of 1 and was tak'~~2fr~d ~eal
JOth day 04 Septemben,
- ~ R.P.S. N0. 4025
Nelson,
STATE OF TEXASI a Notary Public in and for said
COUNTY OF LAMARI ned authority, Nelson, known to me
M•' instrument, and
EEFORE ME, the undersi9 ersonally appeared J• oing
C;,~nty and State, on this day p
Erson whose name is suscribed to the oreg and considera-
wl edged to me that he executed the same for the pur ose
to be the p ~9k2
ackno dQ o Sep~~b~,
tion therein expressed.
UNflER MY HAND AND SEAL OF OFFICE, this the 13ty
GIVEN
Texas
Notary Public, Lamar County~
~ ~E~r rE~e
~
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e