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<br />RESOLUTION NO. 97-041
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<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 11 th day of May,
<br />1992, in Resolution No. 92-038, authorize the execution of a Pasture Lease Agreement with Carey
<br />Eatherly for the property located at Cox Field Airport; and,
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<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of
<br />August, 1995, in Resolution No. 9S-086, authorize the execution of Addendum Number One to
<br />said Lease Agreement; and,
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<br />WHEREAS, the City Council of the City of Paris is in r~eipt of an Exercise of Option
<br />from Carey Eatherly, the form of which is attached hereto as Exhibit A, for a five (S) year
<br />extension of said Lease Agreement dated May II, 1992; and,
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<br />WHEREAS, the City Council deems it appropriate to grant the exercise of option to Carey
<br />Eatherly for five (S) years, which will extend the term of said Lease Agreement from May IS,
<br />1997, to May 14, 2002, and the City Manager, Michael E. Malone, should be authorized to
<br />acknowltxIge acceptance of said Exercise of Option by signing the same; NOW, THEREFORE,
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<br />BE IT RESOLVED BY THE CITY COUNCIL 01<' THE CITY OF PARIS, that the
<br />Exercise of Option by Carey Eatherly, the form of which is attached hereto as Exhibit A, be, and
<br />the same is hereby, granted for a period of five (S) years, beginning May IS, 1997, and ending
<br />May 14, 2002; and,
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<br />BE IT FURTHER RESOLVED, that Michael E. Malone, City Manager of the City of
<br />Paris, be, and he is hereby, authorized and directed to acknowledge acceptance, on behalf of the
<br />City of Paris, of said Exercise of Option by signing the same.
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<br />PASSED AND ADOPTED this 14th day of April, 1
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<br />ATTEST:
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<br />Mattie Cunningham, City Clerk
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