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1690 RES CITY COUNCIL LEASED AREA KNOWN AS FAIR GROUNDS TO RED RIVER VALLEY EXPOSITIONRESOLUTION NO. 1690 WHEREAS, the City Council of the City of Paris has for several years leased a certain area known as the Fair Grounds to the Red River Valley Exposition, Inc. , a Texas corporation; and, WHEREAS, said past lease expired on the 30th day of April, 1975; and, WHEREAS, the City Council of the City of Paris is desirous of encouraging the Fair conducted by the Red River Valley Exposition, Inc. , by granting a new lease, upon the terms and con- ditions and in the form attached hereto as Exhibit A; NOW, THERE- FORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, That the Mayor of the City of Paris, James M. Brunette, be, and he is hereby authorized and directed to execute on behalf of the City of Paris a lease agreement with Red River Valley Exposition, Inc. , upon the terms and conditions and in the form attached hereto as Exhibit A. Passed and adopted this 9th day of June, 1975. . C~~. - A'e " - Azzr- Ja s M. runette, ayor ATTEST: H. C. Gre ne, City Clerk APP OVED O FORM: . K. aynes, ity ttorney BEGNNING at a point in the center line of a drainage ditch, said ditch being located bctween 1-Iickory Street and Clement Road, and the beginning point being West 260 feet from the Southwest Corner of the intersection of Fitzhugh Avenue and Clement Road (the Northeast Corner oE Block 256) and also being S 2° 00 E along the centerline of a drainabe ditch; TI IENCI? North 88 ° 30' West 2$7 feet to a point; THENCE South 1° 30` West 84 feet to a point; TI-IENCE North 88 ° 30' West 477 feet to a point, same being in the East Margin of 6th Street, N. E. ; TI-IENCE in a Southerly direction with the East Margin of bth St. , N. E. 16 feet to a point; THENCE South 88 ° 30' East 477 feet to a point; THENCE South 1° 30' East 200 feet to a point; THENCE South 88 ° 30' East 297 feet to a point in the center line of a drainage ditch; THENCE North 2° 00' West with the center line of the drainage ditch 300 feet more or less to the place of beginning, containing 2. 19 acres of land more or less. 'Ihe term of this lease is ten (10) years, beginning on the lst day of July, 1975 and ending the 30th day of June, 1985. IN CONSIDERATION of the leasing and letting of said premises and the use and occupancy thereof by Lessee, Lessee agrees to effect and perform repairs to existing bui.ldings, structures and other im- provements and to make additional improvements on the leased pre - mises to the extent of ten per cent (10%) of i.ts annual gross re- ceipts, Lessee hereby agreeing to expend for such purposas the sum herein set out during each year of this agreement, the total amount to be expended by Lessee for such purposes during the term of this lease to be not less than ten per cent (10%) of its total gross re- ceipts for the ten year period covered by this agreement; provided 11owever, that iri the event Lessee expends in excess oi ten per cent of i.ts gross receipts cluring any one year hereof for sucll purpases, such excess may be credited on the total amount to be expended b_y Lessee her.eunder. 'Ihe term "gross receipts" shall mean the total re::eipts of Lessee fr•om all sources by reason of ttie use of tlie rentec3 pr_emises. per-sons, praperty and effects therefrom, all and every claiin for da- mag,)es for ar by reason of said re-entry being expressly waived. (14) Ail water and sanitary sewer pipe in, on or under the leased premises belonging to Lessor may be kept there if or until removed bv Lessor. (15) In the event Lessee sha11 keep eac11 and every agreement contained herein and do and perform all the obligations required of it he;reunder during the term of this lease, an option is hereby given and granted to Lessee to renew and extend this lease for an additional perioa of ten (10) years from and after the expiration of this agree- ment, which option may be exercised by Lessee giving notice in writing of its intention to renew said lease ninety (90) days prior to the expiration of the primary term of the lease. (16) Lessor is given and granted the right to place streets or utilities or drainage appurtenances in, on or under any of the pro- perty herein leased to the RED RIVFR VALLEY EXPOSITION, INC. (17) That the Lessor shall have ttle right and privilege of cancelling said lease by giving notice on or before the lst day of July of any year, either during the primary term or during any ex- tension hereof. (18) That Lessor shall have the right and privzlege of using any por_ tion of said pr. operty so leased for functions sponsored by the City of. Paris or any depar.tment thereof, which function has been approved by the City Council of the City of Faris, al.l of which func- tions shall be conducted on a non-inte.rfering basis vvir.h tlie annual Fair conducted by the Red River Valley Exposition, Inc. (19) "Ihat Lessor sfiall have the ribht and privilebe at i_ts oprion to tez minate thi s lease as to r_he entir_ e tracr, oz- any- part thcraof, in ttle event Lessor desires to use tlie property, or any poi-tion thereof, for- necessary municipal functions, such as enlargin; STATE OF TEXAS 0 COUNTY OF LAMAR ~ KNOW ALL MEN BY THE SE PRESENTS: LEASE AGREEMENT BETWEEN rhe CITY OT YARIS, a municipal corporation, herein called LESSOR, and RED RIVER VALLEY EXPOSITION, INC., herein called LFSSEE, executed in duplicate the 9th day of June, 1975, witnesseth: The leased premises consi.st of the followin~ described property of Lessor in Paris, Lamar County, Texas, namely: BEGINNING at the intersection of Che N. B. Line of Hickory Avenue with the W. B. Line of Fitzhugh Avenue, also designated as 9th St. , N. E. , the same being the S. E. corner of a 12 ac.re tract of land sold to the Lamar Lounty Fair Association by fi. E. Clement Estate in 1936, describecl in deed recorded in Vol. 245, Page 575, Lamar County Deed Records; THENCE North 1501. 5 feet to the N. E. corner of said 12 acre tract, same being the S. B. Line of Clement Road, said Clement Road being 60 feet in width; THENCE West at 380 feet to the N. W. corner of said 12 acre tract, same being the N. E. corner of a tract of land purehased by the Larnar County Fair Association in 1916, described in deed recorded in Vol. 160, Page 322, Lamar County Deed Records, continuing West in all 1710 feet to the N. W. Corner of Block No. 31, Faiz view Addition to the City of Paris, same being the E. B. line of 3rd St. , N. E. , same being the most Nurtherly N. W. corner of a tract of land purchased from H. E. Clement in 1921 out of the Tairview Additi.on and de - scribed in deed recorded in Vol. 199, Page 311, Lamar County Deed Records; THENCE South 1356 feet with the E. B. Line of 3rd St. , N. E. , to the N. B. line of I-lickory Avenue; THENCE East with the N. B. line of Hickory Avenue 325. 6 fcet to the E. B. line of 4th St. , N. E. ; TI-IENCE South 149 feet to the S. W. corner of Black 12, said Fairview Addition; TIIENCE East 478.4 feet; THENCE Nortti 600 feet; THENCE East 600 feet; r1HLNCE South 600 feet; THENCE East 300 feet to the place of beginnin,cr. SA`'E AND EXCEPT the followin~ describeci tx-act c~f land: Situated within the corporate limits of fLrie C;ity of Paris, Lamar Coiinty, 'I'exas, and being a part uf Rlock 256, as shown on the TaY Map of ttie Ci.ty of Paris, and nlore ftilly describea as tollows: EXHIBIT A IN C0NSI1DERATI(JN HEREOF, it is mutually agreecl by and bettiveen Lessor and Lessee: (1) That Lessee wi11, at its sole cost and expense, effect repai.rs to all existing buildings and structure5 on the leased pr.e- mises, as speedily as it c1n finance same, so that same will be safe and suitable for tlle purposes for which they may be used by Lessee and wi.ll keep and maintain same in bood, safe and sanitary condition. (2) 'rhat no repairs, improvements or changes in location or otherwise, will be made to any buildings, structures or other thinbs located thereon nor will any new structures be placed on any part of the leased premises without the prior appr-oval of Lessor. (3) That Lessee, for the benefit of Lessor, will keep all buildings and other insurable improvements on the leased premi ses insured against loss by fire, 1_ightning and ali risks included in the term"extended coverage" tQ the full eYtent of their insurable value and shall pay all premiums due thereon when due. It is expressly pr. oviaed that such :insurance policy or policies shall and znust be written and issued by a reputable insurance company or c:ompanies, subject to approval by the City Attorney of the City of Paris, and Lessee or its 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 lerter or certificate f.rom such company or companies, evidencing the fact that such insurance is i.n full fo.r.ce and e.fEect at all timos durin; this lease and any exten,4on thereof. (4) That Lessee will, at its sole cost and eapense, keep a ca.r_e:taker on said premises for the purpose of preventi;lg injurq or dama~;e to the leased pr_emises axld all structures thez-con. (i) That Lessee will pay for all 1igIits, water, heat and;'or other urilities used on the leascd premi5es. (b) That all buildinos, structures, additiotls, fixtures and improvemer,r_s made upon or added to the leased premises or any part thereolf s'iall at once become the property oF Lesso.r, and be surrenderecl to Lessor at thc termination of this lease. (7) That Lessee will deliver to Lessor annually a verified copy of the audit of its books and accounts not later than thirty (30) days after December lst of each year or part of a year covered by this lease. (8) That Lessee will not subl.et the rented premises o:r any part thereof without the consent in writing of Lessor f.irst had and obtained, provided, however, that such consent may be given by the City Manager in the event such subletting shall not exceecl one week. (9) Lessee agrees 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 occurrinb on the leasecl premises resulting from Lessee's use, Lessee's sub-lessee or any tenant of Lessee, and L.essor shall not be liable to Lessee, its employees, invitees, patrons, licensees or visitors due to the build- ings or other stzuctures thereon being improperly constructed or beinb or becoming out of repair, Lessee hereby waiving any clefects therein and agreeing to hold and save Lessor harmless from all claims for any such damages or i.njiiries, and I essee shall and must at all times during the term of this agreement, and any extensions thereof, kecp and maintain in full force and effect a poli.cy or policies of insurance, providing at least $100, 000. 00 per pe.rson aald b300, 000. 00 for an_yT single occurr.ence for bodily injuryo ur death and $10, 000. 00 for any sinble occur7°ence for injury to or dest.ruction of proporty, indeninifyin`; all persons f.or znyr and all damages, personal injurics or property daniages sustained in or tiipon the premises of said leased pr.operty, or any part thereof, as the result of the neg- ligence oF Lessee, its agents, servants, employees o.r sub-lessees and its a~ent, servants or employec:s, and shall pay all premiums due tliereor: when due. It is expressly 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 AtCorney of the City of Paris, and LesSee or its insurance carrier or carriers shall deliver a copy of any sitch policzes to the City Clerk of the City of Paris, or furnish to said City Clerk a current letter or certificate froin such company or coi-npanies, evidencinb the fact that such insurance is in full force and effect at all times during this lease and any extension thereof. (10) That Lessor shall not make or be liable for any repairs or improvements of any kind on the leased premises durinb the t erm of this lease. (11) That Lessee take good care of t.he rented premises and all biiildings and structures thereon and be responsible to Lessor for any damage or injuries thereto caused by L,essee or those under it. (12) That Lessee conform to and observe all sanztary rules, regulations and laws of the State of Texas and ordinances of the City of Pari.s applicable to the leased premises a.nd not use or permit the same to be uso-d for any unlawful or illegal purpose. (13) Should Lessee default in, or fai.l or refuse to keep any of the covenants, condit:ions, stipulations and/or pr.-ovisions herein con- taincd, notice therc:of shall be given to Lessee by Lessor, and in ttie event such default, failure or refusal has not been corrected or per- foz-ined within thirty (30) days frorn r_he date of such notice, tncii this lease contract may be terminated at Lessor`s ontion, mld it shall be lawful for Lessol- ro re-enter.• ttie leased premises anrli remove a11 per-sons, praperty and effects therefrom, all and every claitn for da- expressly waived. ma-es for o:r by reason of said re-entry being (14) Ail water and sanitary sewer pipe in, on or under the leased premises belonging to Lessor may be kept there if or until removed bv Lessor. (15) In the event Lessee shall keep each and evPry aareement contained herein and do and perform all the obligations required of it riereunder during the term of this lease, an option is hereby given and granteci to Lessee to renew and extend this lease for an additional period of ten (10) years from and after the expiration of this agree- ment, which option may be exercised by Lessee givi.ng notice in writing of its intention to renew said lease ninety (90) days prior to the expiration of the primary term of the lease. (16) Lessor is given and granted the right to place streets or utilities or drainage appurtenances in, on or under any of the pro- perty herein leased to the RED RIVER VALLEY EXPOSITION, INC. (17) That the Lessor shall have the right and privilege of cancelling said lease by giving notice on or before the lst day of July of any year, either during the prirnary term or during any ex- tension hereof. (18) That Lessor shall have the right and privilege of using any portion of said pr. operty so leased for functions sponsor. ed by the Ciry of I'aris or any department thereof, whicll function has been approved by the City Cotmcil of the City of Paris, all of which func-- tions shall be conducted on a noti-iriterfering basis wirh tlie annual Fair conducted by the Red River Valley Exposition, Inc. (19) "Ihat Lessor shall have the ribht and privilege at its optioll to termi.nate this lease as to the entire txacr, oz- at7y part thc.raof, in the event Lessor desires to use the property, or any poi-tion thereof, for necessary mlmicipal funcrions, such as enlarging t_11e fire trai.lling area, erection of municipal facilities, constructioii of s*reers or fot- other rntuzicipal functions, or if the property shall be utilized for industrial development. In the event of any of the above contingencics, Lessor shall giti7e tlie Lessee ninety (90) days notice in writiz7g of its intention to so utilize the tract, o,r any portion thereof, for the above purposes. IN WITNESS WI-IEREOF the undersi~ned have executec~ this lease agreement on the date afuresai.d. CITY OF PARIS By : Jamcs M. Brunette, Mayor ATTE ST: H. C. Greene, City Clerk LESSOR RED RIVER VALLEY EXPOSITION, INC. By: C. Glynn Lowe, Presi.dent ATTEST: cretary LESSEE STATI OIi TEXAS 0 COUN"FY OF LAMAR 0 I3EFORE ME, the undersigned authority, on this day per- sonally appeared JAMES M. BRUNETTE, Mayor of the City of Paris, known to me to be the person whosc name is subscribed to the fore- going insr.r. ument, and acknowledgeci to me that the same was the act of the said City of Paris, a municipal corporat:ion, ancl that he exe- cuted the same as the act of such muilicipal corporation for the pur - poses ana consideration therein expressed, and in the capacity therein stated. GIVEN UNDEIZ MY HAND AND SEAL OF OFFICE, this day of June, 1975. Notary Public, Lamar County, Texas STA'FE OF TEXAS 0 COUNTY OF LAMAR 0 BEFORE 1VIE, the undersigned authority, on this day per- sonally appeared C. GLYNN LOWE, President of the Red River Valley Exposition, Inc. , known to me to be the person whose nanie is subsclibed to the foregoing instrument, and acknowledged to me that the same was the act of the said Red River Valley Lxposition, Inc. , a corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein eY- presscd, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of June, 1975. Notary Public, Lama.r County, Texas