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<br />RESOLUTION NO. <br /> <br />94-125 <br /> <br />WHEREAS, the City Council of the City of Paris did, heretofore, in Resolution No. 88- <br />043, passed on May 9, 1988, approve the execution of a Lease Agreement with TEX/OKO <br />Outdoor Advertising; and, <br /> <br />WHEREAS, the City Council of the City of Paris did, heretofore, in Resolution No. 89- <br />066, passed on June 12, 1989, approve the execution of a Utility Easement with TEX/OKO <br />Outdoor Advertising, which runs concurrently with and terminates with said lease, to allow for <br />lighting and maintenance of the outdoor structure; and, <br /> <br />WHEREAS, TEX/OKO Outdoor Advertising has defaulted under the terms of said lease <br />by failing to pay rents in the manner and form therein prescribed; and, <br /> <br />WHEREAS, it is deemed to be in the best interest of the City of Paris that said Lease <br />Agreement and Utility Easement be canceled; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 01<' PARIS, that the <br />Lease Agreement between the City of Paris and TEX/OKO Outdoor Advertising be, and the <br />same is hereby, canceled; and, <br /> <br />BE IT FURTHER RESOLVED, that the Utility Easement from the City of Paris to <br />TEX/OKO Outdoor Advertising be, and the same is hereby, canceled. <br /> <br />PASSED AND ADOPTED this 19th day <br /> <br /> <br />ATTEST: <br /> <br />~~.\.~\.,~~*~ <br />Mattie Cunningham, City C k <br /> <br />