HomeMy Public PortalAbout1954.03.01 Original Townsite Lease Option Ralph & Beatrice ParisLEASE AND OPTION AGREEMENT
Between RALPH L. PARES and
BEATRICE H. PARIS, hus-
band and wife, of McCall,
Valley County, Idaho, as
Lessors,
And The VILLAGE OF McCALL, a
Municipal Corporation of
the State of Idaho, as
Lessee.
THIS INDENTURE, Made and entered into the 1st day of
March, 1954, by and between RALPH L. PARIS and BEATRICE H.
PARIS, husband and wife, as Lessors, and. the VILLAGE OF McCALL
as Lessee,
WITNESSET H:
That the Lessors, for and in consideration of the coven-
ants and agreements hereinafter oontained, to be kept and
performed by the Lessee, do hereby lease, demise and let unto
the Lessee, the real property situate in the Village of McCall,
Valley County, Idaho, more particularly described as follows,
to -wit:
Lots One (1) and Two (2), Block Three (3) of the
Original Townsite of McCall,
to have and to hold the same for a term commencing on the 1st
day of January, 1954, up to and including the 30th day of
April, 1954, for an initial rental payment of $3,037.32, the
receipt of which is hereby acknowledged by the Lessors, to-
gether with an additional rental of $125.00 per month, in ad-
vance, on or before the 15th day of each and eve/y month of
said term, commencing with the month of January, 1954, it
being further acknowledged by the Lessors that the monthly
rental for the months of January and February, 1954, has been
paid.
On or before the 1st day of May,.1954, the Lessee may,
at its option renew this lease for the period from May 1, 1954,
to and including April 30, 1955, for the annual rental of
$1,500.00, payable in twelve monthly installments of $125.00
each, commencing May 1, 1951.; Lessee shall have the further
option to renew this lease upon the terms and conditions here-
in set forth for each successive year thereafter commencing on
May 1, 1955, for a total of ten years, and payment of the monthly
rental for the month of May, 1954, and each successive May 1
thereafter shall constitute notice to the Lessors that Lessee
has exercised its option to renew this lease.
At any time during the term of this lease or any renewals
hereof, the Lessee shall have the exclusive right and option to
purchase the real property hereinabove described for the sum of
$12,000.00, payable as follows:
First: The sum of p3,037.32 shall be deducted therefrom.
leaving a balance of 9$8,962.68;
Second: Commencing January 1, 1954, to the date of exer-
cise of said option to purchase, interest at the
rate of 4% per annum shall be computed on the said
sum of $8,962.68, in the same manner as if the
monthly rental of $125.00 per month had been
credited first to interest then to the retirement
of the said sum of $8,962.68; upon payment in cash
by the Lessee to the Lessors, of the balance there-
of after computing the interest and crediting the
balance of said monthly payments to the retirement
of said sum as aforesaid, Lessors shall deliver to
the Lessee a good and sufficient Warranty Deed to
said premises.
The Lessors shall not be called upon to make any improve-
ments or repairs, the Lessee agrees to keep the premises in
good order at its own expense, suffering no waste to be
committed thereon, and at the expiration of said term or any
sooner determination of this lease, the Lessee shall peaceably
and quietly quit and surrender the premises to the Lessors or
their agent, in as good order as it received them, reasonable
use and wear thereof and damage by the elemente axrtantari_
The Lessee further agrees to pay to Lessors, in addition
to the rentals hereinabove provided, a sum of money equal to
the tax levy imposed upon the said premises by the Village of
McCall, commencing with the year 1954, for the duration of
this agreement. Such payment shall be made to the Lessors
in the month of December of each year. It is specifically
understood and agreed that in the event Lessee exercises its
option to purchase said real property, it shall not deduct
any reimbursement for taxes from the balance of the purchase
price.
This agreement shall be binding upon the heirs, adminis-
trators, successors and assigns of the respective parties
hereto.
IN WITNESS WHEREOF, The Lessors have hereunto set their
hands and the Lessee has caused its corporate name to be sub-
scribed by its Chairman and its seal to be hereunto affixed
by its Clerk, pursuant to due authorization of its Board of
Trustees, as of the day and year herein first above written.
By
VILLAGE OF McCALL,'"TDA
Chairs
LESSEE
STATE OF IDAHO )
ss.
County of Valley )
On this 1st day of May, 1954, before me, the undersigned,
a Notary Public in and for said State, personally appeared
RALPH L. PARIS and BEATRICE H. PARIS, husband and wife, known
to me to be the persons whose names are subscribed to the
within instrument, and acknowledged to me that they executed
the same-.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my official seal the day and year in this certificate
first above written.
J
otary Public for Idaho
Residing at , Idaho
STATE OF IDAHO )
ss.
County of Valley )
On this 1st day of March, 1954, before me, the undersigned,
a Notary Public in and for said State, personally appeared
Arthur M. Roberts and William A. Kirk, known to me to be the
Chairman and Clerk, respectively, of the Board of Trustees of
the Village of McCall, Idaho, that executed the said instrument,
and acknowledged to me that such Village executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal the day and year in this certificate first
above written.
Notary Public for Idaho
Residing atC—c ; Idaho
LEASE AND OPTION AGREEMENT
Between RALPH L. PARIS and
BEATRICE H. PARIS, hus-
band and wife, of McCall,
Valley County, Idaho, as
Lessors,
And The VILLAGE OF McCALL, a
Municipal Corporation of
the State of Idaho, as
Lessee.
THIS INDENTURE, Made and entered into the 1st day of
March, 1954, by and between RALPH L. PARIS and BEATRICE H.
PARIS, husband and wife, as Lessors, and the VILLAGE OF McCALL
as Lessee,
W I T N E S SET H:
That the Lessors, for and in consideration of the coven-
ants and agreements hereinafter contained, to be kept and
performed by the Lessee, do hereby lease, demise and let unto
the Lessee, the real property situate in the Village of McCall,
Valley County, Idaho, more particularly described as follows,
to -wit:
Lots One (1) and Two (2), Block Three (3) of the
Original Townsite of McCall,
to have and to hold the same for a term commencing on the 1st
day of January, 1954, up to and including the 30th day of
April, 1954, for an initial rental payment of $3,037.32, the
receipt of which is hereby acknowledged by the Lessors, to-
gether with an additional rental of $125.00 per month, in ad-
vance, on or before the 15th day of each and every month of
said term, commencing with the month of January, 1954, it
being further acknowledged by the Lessors that the monthly
rental for the months of January and February, 1954, has been
paid.
On or before the 1st day of May, .1954, the Lessee may,
at its option renew this lease for the period from May 1, 1954,
to and including April 30, 1955, for the annual rental of
$1,500.00, payable in twelve monthly installments of $125.00
each, commencing May 1, 1954; Lessee shall have the further
option to renew this lease upon the terms and conditions here-
in set forth for each successive year thereafter commencing on
May 1, 1955, for a total of ten years, and payment of the monthly
rental for the month of May, 1954, and each successive May 1
thereafter shall constitute notice to the Lessors that Lessee
has exercised its option to renew this lease.
At any time during the term of this lease or any renewals
hereof, the Lessee shall have the exclusive right and option to
purchase the real property hereinabove described for the sum of
$12,000.00, payable as follows:
First: The sum of $3,037.32 shall be deducted therefrom
leaving a balance of $8,962.68;
Second: Commencing January 1, 1954, to the date of exer-
cise of said option to purchase, interest at the
rate of per annum shall be computed on the said
sum of $ ,962.68, in the same manner as if the
monthly rental of $125.00 per month had been
credited first to interest then to the retirement
of the said sum of $8,962.68; upon payment in cash
by the Lessee to the Lessors, of the balance there-
of after computing the interest and crediting the
balance of said monthly payments to the retirement
of said sum as aforesaid, Lessors shall deliver to
the Lessee a good and sufficient Warranty Deed to
said premises.
The Lessors shall not be called upon to make any improve-
ments or repairs, the Lessee agrees to keep the premises in
good order at its own expense, suffering no waste to be
committed thereon, and at the expiration of said term or any
sooner determination of this lease, the Lessee shall peaceably
and quietly quit and surrender the premises to the Lessors or
their agent, in as good order as it received them, reasonable
use and wear thereof and damage by the elements excepted.
-2-
The Lessee further agrees to pay to Lessors, in addition
to the rentals hereinabove provided, a sum of money equal to
the tax levy imposed upon the said premises by the Village of
McCall, commencing with the year 1954, for the duration of
this agreement. Such payment shall be made to the Lessors
in the month of December of each year. It is specifically
understood and agreed that in the event Lessee exercises its
option to purchase said real property, it shall not deduct
any reimbursement for taxes from the balance of the purchase
price.
This agreement shall be binding upon the heirs, adminis-
trators, successors and assigns of the respective parties
hereto.
IN WITNESS WHEREOF, The Lessors have hereunto set their
hands and the Lessee has caused its corporate name to be sub-
scribed by its Chairman and its seal to be hereunto affixed
by its Clerk, pursuant to due authorization of its Board of
Trustees, as of the day and year herein first above written.
By
ATTEST:
•
Clerk
VILLAGE OF McCALL,
Chair
LESSEE
STATE OF IDAHO )
ss.
County of Valley )
On this 1st day of May, 1954, before me, the undersigned,
a Notary Public in and for said State, personally appeared
RALPH L. PARIS and BEATRICE H. PARIS, husband and wife, known
to me to be the 3ersons whose names are subscribed to the
within instrument, and acknowledged to me that they executed
the same.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed my official seal the day and year in this certificate
first above written.
f� l`/
otary Public for Idaho
Residing at %�c.���-G� -, Idaho
STATE OF IDAHO )
ss.
County of Valley )
On this 1st day of March, 1954, before me, the undersigned,
a Notary Public in and for said State, personally appeared
Arthur M. Roberts and William A. Kirk, known to me to be the
Chairman and Clerk, respectively, of the Board of Trustees of
the Village of McCall, Idaho, that executed the said instrument,
and acknowledged to me that such Village executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
my official seal the day and year in this certificate first
above written.
((f:7LW-T-- /V
Notary Public for o
Residing at 06(...4 Id, Idaho