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THE STATE OF TEXAS,
COUTITY OF ILLIAbiSON.
This Option to Lease is made this the 19 day of September 1960,
by and between the City of Georgetown, Texas, acting herein by and through
the City Manager, Lee Black., duly authorized by resolution passed by the
City Council on the 19 day of September 1960 and Don Scarbrough,
DBA Georgetown rlroadcgsting Company.
For and in consideration of the sum of one ("1.00) Dollar to it in hand
paid, the receipt of which is hereby acknowledted, the said City does hereby
agree, bind and obligate itself to live to the said Don Scarbrough an option
to lease all that certain tract or parcel of land fully described in a lease
agreement attached hereto and !::ade a part h-�reof. icor a cor.plete dp.scription
of the lease and the terms of said lease reference is made to the attached
lease as though set out in fill herein. It being, agreed that the attached
lease contains all of the terms and conditions of the -lease agreement and in
the event the said Don Scarbrough exercises his option to lease said property,
the attached lease shall then be signed, dated and delivered upon the payment
of the consideration therein mentioned.
The said Don Scarbrough shall have three (3) years from the date of this
Option Agreement to exercise his option to lease. Within said three year
period the said Don Scarbrough shall give written notice to the City that he
exercises his seid option; and the attached lease shall then be signed by
both parties and delivered as per the terms of said lease agreement.
Tu'E CITY OF GEORGETO:M
BY
Lee C. Black
Lee BlM — LESSOR*
Don Scarbrou h
Don Scarbrough, I SS