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<br /> . <br /> " 119 <br /> LEASE OF PARK PREMISES <br /> STATE OF TEXAS * <br /> COUNTY OF HAYS * <br /> This Lease Agreement is made and entered into and between the <br /> City of San Marcos, hereinafter referred to as "Lessor," a <br /> municipal corporation existing by and under the laws of the State <br /> of Texas, and acting through its City Manager, Larry D. Gilley, <br /> and the San Marcos Lions Club, acting through its President, Mr. <br /> Don Garrett, hereinafter referred to as "Lessee," hereby enter <br /> into this Lease, the terms, conditions and consideration for which <br /> are set out as follows: <br /> 1. ~ <br /> With the execution of the this Lease, all prior leases and/or <br /> agreements between the Lessor and the Lessee pertaining to the <br /> herein described premises are terminated. <br /> 2. <br />.- <br /> For and in consideration of the Lessee's provision of a <br /> , <br /> recreational activity for the citizens of and visitors to the City <br /> of San Marcos, Texas, specifically the rental of inner tubes to <br /> persons wishing to float on the San Marcos River, Lessor hereby <br /> demises and leases to Lessee, and the Lessee hereby takes from the <br /> Lessor the storage and bathroom portions of the Recreation <br /> Building located in the City Park of San Marcos, together with <br /> access through the adjacent parking lot, hereinafter referred to <br /> as the "Leased Premises." <br /> 3. <br /> The Lessee shall have possession of the leased premises from <br /> April ll, 1991 through April 10, 1996, together with three (3) <br /> consecutive five (5) year renewable options. The options, if <br />! exercised, shall commence on April 11, 1996, April ll, 2001 and <br /> April 11, 2006, respectively. The exercise of each option to <br /> renew this lease shall be subject to the approval of the City <br /> Council of San Marcos, Texas. <br />