860 RES COP LEASED PROPERTY KNOWN AS PAIRS FAIRGROUNDS TO LAMAR COUNTY FAIR ASS'N

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• ` I3ESLLUTIi,P1 ;vC; . 860 ~ WHEREnSp the City o= Paris hus heretofere leased tne property kncvm as Paris Fairyrounds to the Lamar Ccunty Fair ;;ssociation, Incorporated, and which lessee is now the Red River Valley Exposition, Inc.; and, ti'JHE1-~E:,S, the Red River Valley Exposition, Inc. is desirous of re- negotiatin', the terms of its lease Gi-id 'nas requested that the lease be made for a term of ten (10) years from the date or ,,pril 89 1959, with an option to renew said lease for a term of an additional ten (10) years if said option is exercised in vvritingy; and, '11VHERE,1S, tne Red River Valley Exposition, Inc. has reuuested that it be permitted to lease a portion of said grounds immediately ivrorth and West of the Ccliseum 13uilding located on said Fairyround to the Paris Rcdec :.nd Hcrse Club, Inc.; and$ WHERE:1S, tne Paris Rodeo and Horse Club, Inc. is desirous of leasing said property from tne Red River Valley Exposition~ Inc.) and has requested that said lease permit the Paris Rodeo and Horse Club, Inc. to remove from sGid premises any rodeo or horse snow arenwhich it may construct tnereon, at the termination of its lease; NTi.W, THEREFt.;E, BE IT RES-:LVED BY THE CITY 0.UNCIL CF THE CITY Cr FARIS* That the Tdayor of the City of PGris be authorized and directed tc execute the afore.- said lease with the Red River Valley Expcsition, Inc., for a term of ten (:LO) years from April 89 1959, with Gn opticn at the end of said ten (10) years to renew sUid leGse for Gn additional term of ten (10) years, and tn4t the Red River Valley Exposition, Inc. is nereby authorized and directed to lease to the Paris Rodec and Horse Club, lnc. the aforesaid portion of said fairgrounds for a term of years aforesaid, qnd that it be perrnitted to include therein the right of the Paris Rcdeo ,and Horse Club, Inc. to remove from the premises, upon the termination of its lease, any rodeo Gnd horse show Grena which it may have constructed thereon. Passed and adopted this 8th day of .1pri1t D., 1959. 7 2 NlayOr :;TTEST: , -i ; City Clerk ..PPR~ VED AS T(- F •tiRl~t; City 4tcrney.