O-1965-731 - Laserfiche WebLink

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e e . ....:. ,,.. -3- LESSOR reserves, however, an easement for ingress and egress to the existing beacor tower located on the demised premises, for the purposes of operating and maintaining said tower. III. . ~ .-., LESSOR grants to LESSEE the option (which may be exercised at any time on or before December 31, 1985) to lease from LESSO~, not to exceed twenty (20) acres, from the then remaining unleased portion of the City of La Porte Municipal Airport. lJ;1his option may be exercised in units of one (1) acre or more. The annual rental under such option shall be at the rate of Four Hundred Thirty-five Dollars and Sixty Cents ($435.60) per acre leased, payable annually in advance, and the lease of such additional area shall be subject to the terms, conditions, and covenants contained herein. Such option, when exercised, shall be for a primary term terminating December 31, 1995, with further options for' two (2) five year extensions of said primary term, at the same rental. LESSEE shall notify LESSOR at least fifteen (15) days in advance, of its election to exercise the option contained in this paragraph, and such written notice shall contain a descrip- . tion of the acreage or portion thereof from and out of the then remaining unleas,ed ,portion of the City of La Porte Municipal Airport, which LESSEE desires to lease under the terms of this option. IV. This lease is made subject to all of the terms, agree- ments and,~onditions contained in that certain Deed from the United States of America, acting by and through War Assets Administrator, grantoI",to the City of La Porte, a municipal corporation, grantee, which Deed is dated the 4th day of June, 1947, and is recorded in the office of the County Clerk of Harris 4It County, Texas, under County Clerk's File No. 433082. Reference to such Deed is here made for all purposes, and such deed, and