Res 1994-116 - Laserfiche WebLink

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33 LEASE AGREEMENT STATE OF TEXAS COUNTY OF HAYS This Lease Agreement ("Lease") is made this 26th day of Jul y , 1994, between the City of San Marcos, Texas, a Texas municipal corporation ("Lessor") and the Texas Hill Country Chapter of the National Association for the Advancement of Colored People, a Texas nonprofit corporation ("Lessee"). RECITALS: 1. The Lessor is the owner of a wood frame building that was previously a part of the Dunbar School. 2. The Lessor's governing body declared this building to be surplus to the Lessor's needs and agreed to donate it to the Lessee in its Resolution 1994-18R on January 24, 1994. 3. The Lessor and the Lessee have as common goals the fostering of self- reliance, literacy, and education for the realization of the full potential of all members of the San Marcos community. 4. The Lessor, in partnership with the Lessee, is willing to lease an area of Lessor's property in the Dunbar Neighborhood to the Lessee so that the building can be relocated to that property, renovated by the Lessee, and operated as an "Empowerment Center" for these common goals and for the purposes described in this agreement. WITNESSETH: ; Lessor, for and in consideration of the Lessee's payment of rentals and performance of the covenants and agreements contained in this Lease, and for the further consideration of the renovation by Lessee of certain improvements to the premises, and Lessee's fulfillment of the goals and purposes described in this lease, has demised, leased, and let unto Lessee the 1.166 acre, more or less, tract of property in the City of San Marcos, Hays County described by metes and bounds in Exhibit A attached hereto and incorporated herein for all purposes (the "Premises"). To have and to hold unto the Lessee on the following terms and conditions: 1. Term. The term of this Lease is thirty (30) years commencing on the 1 st day of August, 1994, with the right to renew this Lease for a further term of thirty (30) years at the end of such term, with the written mutual consent of the Lessee and the Lessor.