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Item No. 8 <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Grayson Path, City Manager <br />FROM: Paul Strahan, Airport Manager/FBO Operator <br />SUBJECT: LEASE ASSIGNMENT AT COX FIELD <br />HANGAR A-7 <br />DATE: August 8, 2022 <br />BACKGROUND: The City of Paris received a written request from Collin Hadley on July 22, <br />2022 to assign a ground lease for private Hangar A-7 to Justin Withers and Sara Withers. A <br />Hangar Purchase Agreement between Justin & Sara Withers and Mr. Hadley was received by the <br />City on July 22, 2022. <br />STATUS OF ISSUE: The Withers would like to purchase the building from Mr. Hadley. The <br />terms of the original ground lease agreement will not change. <br />BUDGET: N/A <br />RECOMMENDATION: Approve a Resolution authorizing assignment of the Airport Ground <br />Lease Agreement for Hangar A-7, from Collin Hadley to Justin and Sara Withers, subject to the <br />receipt of required insurance and annual lease payment of $400.00. <br />