2001-124-RES APPROVING/AUTHORIZING MAYOR TO EXEDUTE TITLE AND OTHER DOCUMETNS INCIDENT TO TRANSFER OF TITLE TO 1972 INTERNATIONAL JET FUEL TRUCK

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RESOLUTION NO. 2001-124 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING AND AUTHORIZING THE MAYOR TO EXECUTE THE TITLE AND ALL OTHER DOCUMENTS INCIDENT TO THE TRANSFER OF TITLE TO A 1972 INTERNATIONAL JET FUEL TRUCK, SAID TRANSFER OF TITLE TO BE TO THE BENEFIT OF AND TO MR. J. B. RICHEY; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Mr. J. B. Richey, the Fixed Base Operator at Cox Field Airport, has requested the City release its security or retained interest in a title to the refueling truck located at Cox Field Airport; and, WHEREAS, a review of the history of the City's retaining said title indicates the title was originally pledged in part to assure the performance of the Fixed Base Operator under its agreement with the City and to assure that the City could have access to a fuel truck if the Fixed Base Operator agreement were terminated for any reason; and, WHEREAS, Mr. Richey desires to have this title in order to purchase a new fuel truck for use at the airport; and, WHEREAS, the City Council has reviewed the issue of ownership and the City's lien interest in said truck and has determined it is in the best interest of the City and the operation of its airport to transfer the City's retained or lien interest in said vehicle; NOW, THEREFORE, BE IT RESOL YED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Mayor shall be and is hereby authorized to execute any and all documents incident to the release of the City's interest in and to the legal title to a 1972 fuel truck as identified in a copy of that title attached hereto and for all purposes incorporated herein as Exhibit A, and to execute such documents incident to the transfer of the title of said vehicle to Mr. J. B. Richey. Section 3. That this resolution shall be effective from and after its date of passage.