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<br />RESOLUTION NO. 96-122
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<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 1st day of
<br />August, 1979, in Resolution No. 1924, approve the execution of a Lease Agreement with F.
<br />Andrew Fasken, Harley Wagnon, and Lorna Alto Corporation for hangar space at Cox Field
<br />Airport; and,
<br />
<br />WHEREAS, the leased premises has been partitioned and the lease partially assigned,
<br />resulting in Billy Winters and wife, Donna Winters, being assigned the north hangar space
<br />accessible from the east and the office space adjacent thereto, same being in the northwest corner
<br />of the hangar building; Russell Gifford being assigned the center hangar space accessible from the
<br />west; and Lorna Alto Corporation being assigned the south hangar space accessible from the east
<br />and the adjacent storage area lying in the southwest corner of the hangar building; and,
<br />
<br />WHEREAS, during the term of the lease, the hangar has fallen into disrepair due to the
<br />elements, and the lessees have expressed a desire to extend the term of the lease and make all
<br />necessary repairs and renovations to the leased premises at their own expenses; and,
<br />
<br />WHEREAS, because the cost of repairing and renovating the hangar could be
<br />considerable, it is deemed appropriate that the lease agreement be amended to extend the term of
<br />the lease, and the form of the First Amended Lease Agreement, attached hereto as Exhibit A,
<br />should, in all things, be approved, and the City Manager, Michael E. Malone, should be
<br />authorized to execute the same; NOW, THEREFORE,
<br />
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the
<br />form of the First Amended Lease Agreement with Loma Alto Corporation, Russell Gifford, and
<br />Billy Winters and wife, Donna Winters, attached hereto as Exhibit A, be, and the same is hereby,
<br />approved; and,
<br />
<br />BE IT FURTHER RESOLVED, that the City Manager, Michael E. Malone, be, and he
<br />is hereby, authorized and directed to execute, on behalf of the City of Paris, the First Amended
<br />Lease Agreement under the terms and conditions and in the form shown in Exhibit A, attached
<br />hereto .
<br />
<br />PASSED AND ADOPTED this 7th day of November, 1
<br />
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<br />ATTEST:
<br />
<br />~~tt, "~'~~~51M()_)
<br />Mattie Cunningham, City Clerk
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<br />TO FORM:
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