2022-057 - Approving the Execution of Assignment of an Airport Ground Lease Agreement Between Collin Hadley, Hangar A-7 Cox Field to Justin & Sara Withers

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RESOLUTION NO. 2022-057 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF ASSIGNMENT OF AN AIRPORT GROUND LEASE AGREEMENT BETWEEN COLLIN HADLEY AND THE CITY OF PARIS FOR HANGAR A-7 AT COX FIELD AIRPORT TO JUSTIN AND SARA WITHERS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris did heretofore, on the 18th day of December, 2018, authorize the execution and assignment of an Airport Ground Lease Agreement (the "Lease") with Erik Zarones for Hangar A-7 at Cox Field Airport ending June 22, 2049; and, WHEREAS, Mr. Zarones assigned said Lease to Sheldon Carter on March 6, 2019; and WHEREAS, Mr. Carter assigned said Lease to Collin Hadley on November 8, 2021; and WHEREAS, Mr. Hadley has expressed his desire to assign and transfer all of his right, title, and interest in said Lease to Justin and Sara Withers; and, WHEREAS, the form of the Assignment of Lease from Collin Hadley to Justin and Sara Withers, attached hereto as Exhibit "1", should, in all things be approved, and the City Manager should be authorized to acknowledge approval of said assignment by signing the same subject to the City's receipt of required insurance and a $400.00 annual lease payment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the form of the Assignment of Lease from Collin Hadley to Justin and Sara Withers, attached hereto as Exhibit "1", for Hangar A-7 at Cox Field Airport, be, and the same is hereby, approved. Section 3. That the City Manager be, and he is hereby, authorized and directed to acknowledge approval, on behalf of the City of Paris, of the Assignment of Lease from Collin Hadley to Justin and Sara Withers, by signing the same in the form shown in Exhibit "1", attached hereto subject to the City's receipt of required insurance and a $400.00 annual lease payment.