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<br />RESOLUTION NO. 96-094 <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, in Resolution <br />No. 91-082, on the 12th day of August, 1991, authorize the execution of a Pasture Lease <br />Agreement with TERRY McFATRIDGE; and, <br /> <br />WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of <br />option from TERRY McFATRIDGE, attached hereto as Exhibit A, for a five (5) year <br />extension of said Lease dated August 12, 1991; and, <br /> <br />WHEREAS, the City Council deems it appropriate to grant the exercise of option <br />to TERRY McFATRIDGE for five (5) years, which will extend the terms of said lease <br />from September 1,1996, to August 31,2001, and the City Manager, Michael E. Malone, <br />should be authorized to acknowledge acceptance of said Exercise of Option by signing the <br />same; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that <br />the exercise of the five (5) year option by TERRY McFATRIDGE beginning September <br />1, 1996 and ending August 31,2001, attached hereto as Exhibit A, be, and the same is <br />hereby acknowledged; and, <br /> <br />BE IT FURTHER RESOLVED, that Michael E. Malone, City Manager of the <br />City of Paris, be, and he is hereby authorized and directed to acknowledge acceptance, on <br />behalf of the City of Paris, of said Exercise of Option, attached hereto as Exhibit A, by <br />signing the same. <br /> <br />PASSED AND ADOPTED this the 9th day of September, 1996. <br /> <br />~-- <br /> <br />Eric S. Clifford, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Cle <br /> <br /> <br />APPROVED AS TO }'ORM: <br /> <br />