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<br />Rf;SOLUTION NO. <br /> <br />96-082 <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, in Resolution No. <br />1440, on the 9th day of August, 1971, authorize the execution of an Agreement of Option to <br />Lease with Agpro, Inc.; and, <br /> <br />WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option <br />from Agpro, Inc., the form of which is attached hereto as Exhibit A, for a ten (10) year <br />extension of said agreement dated August 9, 1971; and, <br /> <br />WHEREAS, the City Council deems it appropriate to grant the exercise of option to <br />Agpro, Inc. for ten (10) years, which will extend the term of said lease from August 9, 1996, <br />to August 8, 2006, 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 Agpro, Inc., the form of which is attached hereto as Exhibit A, be, and <br />the same is hereby, granted for a period often (10) years, beginning August 9,1996, and ending <br />August 8, 2006; and, <br /> <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. <br /> <br />PASSED AND AOOYfED... 15lli .., of'~ ~ <br /> <br /> <br />Eric S. C If 0 , . <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br /> <br /> <br />