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<br />RESOLUTION NO. <br /> <br />99-087 <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of July, <br />1997, in Resolution No. 97-078, authorize the execution of a Lease Agreement with Larry <br />Richardson for the property being part of Lots 6 and 7, City Block 251A, located on North Main <br />Street; and, <br /> <br />WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option <br />from Larry Richardson, the form of which is attached hereto as Exhibit A, for a one (1) year <br />extension of said Lease Agreement dated July 14, 1997; and, <br /> <br />WHEREAS, the City Council deems it appropriate to grant the exercise of option to Larry <br />Richardson for one (1) year, which will extend the term of said Lease Agreement from July 1, <br />1999, to June 30, 2000, and the City Manager, Michael E. Malone, should be authorized to <br />acknowledge acceptance of said Exercise of Option by signing the same; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the <br />Exercise of Option by Larry Richardson, the form of which is attached hereto as Exhibit A, be, <br />and the same is hereby, granted for a period of one (1) year, beginning July 1, 1999, and ending <br />June 30, 2000; and, <br /> <br />BE IT FURTHER RESOLVED, that the City Manager, Michael E. Malone, be, and he <br />is hereby, authorized and directed to acknowledge acceptance, on behalf of the City of Paris, of <br />said Exercise of Option by signing the same. <br /> <br />PASSED AND ADOPTED this 12th day of July, 1999, <br /> <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br /> <br />Steph nie H. Harris, Asst. City Attorney <br />