1999-083-AIRPORT PROJECT PARTICIPATION AGREEMENT, AMENDMENT NO 01, RES 96-120

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TEXAS DEPARTMENT OF TRANSPORTATION AIRPORT PROJECT PARTICIPATION AGREEMENT (Federally Assisted Airport Development) TxDOT Contract No.: 7XXFA020 TxDOT Project No.: AP PARIS 5 TxDOT CSJ No.: 9701PARIS Amendment No. 01 to the Agreement WHEREAS, the City of Paris, Texas, hereinafter' referred to as the "Sponsor", and the Texas Department of Transportation, hereinafter referred to as the "State," have entered into an Airport Project Participation Agreement TxDOT CSJ No. 9701PARIS, executed by the Sponsor on November 7, 1996, and by the State on November 22, 1996, for the development of the Cox Field Airport, hereinafter referred to as the" Airport"; and WHEREAS, the project is described as follows: reconstruct and rehabilitate Runway 17-35; stripe and mark Runway 17-35; rehabilitate Taxiway A; rehabilitate Taxiway B; replace medium intensity runway lights for Runway 17-35; seal PCC joints and mark apron; install precision approach path indicator for Runway 17; install aircraft tiedowns; drainage improvements; prepare Airport Layout Plan and Exhibit "A"; install erosion/sedimentation controls and associated appurtenances at Cox Field Airport; and WHEREAS, it is in the mutual interest of the Sponsor and the State to amend said Airport Project Participation Agreement at this time to offer the maximum obligation of the United States; and by such amendment incorporate the Airport Project Participation Agreement as if fully set forth herein; and WHEREAS, the Sponsor has requested federal assistance as documented by the State Airport Project Participation Agreement for development of the Airport; and WHEREAS, Part II - Offer of Financial Assistance of the Agreement, estimates the total project costs under the agreement without modification of the agreement to be $2,400,000; and WHEREAS, financial assistance is currently limited to $2,160,000 in estimated federal funds, and $240,000 in local sponsor funds; NOW THEREFORE, pursuant to and for the purpose of carrying out the provisions of the Title 49, United States Code, hereinafter referred to as "Title 49 U.S.C.", previously referred to as "AlP", and in consideration of (a) the Sponsor's adoption and ratification of the representations and assurances contained in said Airport Project Participation Agreement and its acceptance of this Offer as hereinafter provided, and (b) the benefits to accrue to the United Page I of5 EXHIBIT A