1997-111-RES WHEREAS, RED RIVER VALLEY FAIR ASSOCIATION HAS REQUESTED CITY COUNCIL

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. . . . RESOLUTION NO. 97-111 WHEREAS, the Red River Valley Fair Association, Inc. has requested the City Council of the City of Paris to subordinate its landlord's lien upon a 2.119 acre tract upon which a 70 foot by 125 foot Bingo Building with two Carports and a 300 foot by 66 foot Parking Lot is to be constructed upon fairground property heretofore leased to Red River Valley Fair Association, Inc., as authorized in Resolution No. 97-024 on March 10, 1997; and, WHEREAS, the City of Paris wishes to continue to encourage the Red River Valley Fair Association, Inc. to promote activities which are enjoyed by the citizens of Paris and Lamar County, and to improve the fairground property by construction of new buildings to accomplish said purpose and is, therefore, agreeable to subordinate its landlord lien, as requested, upon the terms and conditions described in the form of the Landlord's Consent Agreement (Attornment) attached hereto as Exhibit A; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the Mayor of the City of Paris, Eric S. Clifford, be, and he is hereby, authorized and directed to execute, on behalf of the City of Paris, the Landlord's Consent Agreement (Attornment) in favor of First F ederaJ Savings and Loan Association of Paris, Texas, upon the terms and conditions and in the form attached hereto as Exhibit A. PASSED AND ADOPTED this 8th day of September, 1997. EriO~~ ~ ATTEST: Mattie Cunningham, City Clerk