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<br />RESOLUTION NO.
<br />
<br />95-028
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, in Resolution No.
<br />1915, on the 8th day of January, 1979, authorize the execution of a Lease Agreement with
<br />James M. Wrenn, Jr.; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, in Resolution No. 90-
<br />010, on the 12th day of February, 1990, authorize the execution of a Lease Agreement with
<br />James M. Wrenn, Jr., renewing the prior lease for a period of five (5) years, beginning March
<br />1, 1990, and ending February 28, 1995, which renewal lease is dated October I, 1990; and,
<br />
<br />WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option
<br />from James M. Wrenn, Jr., attached hereto as Exhibit A, for a five (5) year extension of said
<br />renewal lease dated October I, 1990; and,
<br />
<br />WHEREAS, James M. Wrenn, Jr. was incapacitated during the latter part of the notice
<br />period and was unable to give notice as required under the above-referenced lease; and,
<br />
<br />WHEREAS, the City Council deems it appropriate to grant the exercise of option to
<br />James M. Wrenn, Jr. for five years, which will extend the term of said renewal lease from
<br />March 1, 1995, to February 28, 2000, and the City Manager, Michael E. Malone, should be
<br />authorized to acknowledge acceptance of said Exercise of Option by signing the same; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, in Resolution No. 91-
<br />050, on the 10th day of June, 1991, authorize the execution of Addendum No. One to Lease
<br />Agreement dated October I, 1990; and,
<br />
<br />WHEREAS, the terms of the extended lease agreement are in need of revision, and an
<br />Addendum Number Two to Lease Agreement dated October I, 1990, in the form of Exhibit B,
<br />attached hereto, should, in all things, be approved, and the City Manager, Michael E. Malone,
<br />should be authorized to execute 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 James M. Wrenn, Jr., attached hereto as Exhibit A, be, and the same is
<br />hereby, granted for a period of five (5) years, beginning March 1, 1995, and ending February
<br />28, 2000; 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, attached hereto as Exhibit A, by signing the same;
<br />and,
<br />
<br />BE IT FURTHER RESOLVED, that Addendum Number Two to Lease Agreement
<br />dated October 1, 1990, in the form of Exhibit B, attached hereto, be, and the same is hereby,
<br />approved; 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 execute, on behalf of the City of Paris,
<br />. . or. . . .r>......r.. .. . .. ..........".
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