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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />APPROVING A COST SHARING AGREEMENT BY AND BETWEEN THE CITY <br />OF PARIS, TEXAS AND FIKES WHOLESALE, LLC. FOR STREET <br />IMPROVEMENTS TO A PORTION OF 71h STREET SOUTHWEST IN THE <br />CITY; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE <br />SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, Fikes Wholesale, LLC (Fikes) is the owner and operator of a CEFCO gas <br />station and convenience store located at 2900 S. Church Street which caters to both general <br />automotive and heavy truck traffic; and <br />WHEREAS, said with the property is bound on one side by 71h St. Southwest, a city <br />street that is regularly used by heavy truck traffic to access the station; and, <br />WHEREAS, over time, heavy truck traffic has caused significant damage to parts of <br />the Repair Area, shown in the map attached to the Cost Sharing Agreement (Agreement) <br />attached hereto as Exhibit A; and, <br />WHEREAS, Fikes and the City have determined that it is to their mutual benefit for <br />the City to repair the Repair area via a full -depth replacement with concrete overlay to better <br />accommodate the heavy truck traffic and to make the street safer and more accommodating <br />to general automotive traffic; and <br />WHEREAS, Fikes and the City of Paris have agreed to a cost -share arrangement for <br />the funding of the repair of that portion of 7th St. SW whereby each party is responsible for <br />fifty percent (50%) of the Total Cost of the project. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby in <br />all things approved and are incorporated herein for all purposes. <br />Section 2. The City Council of the City of Paris hereby approves the Cost Sharing <br />Agreement attached hereto as Exhibit A and incorporated herein by referenced between the <br />City and Fikes Wholesale, LLC for the funding of the •repair of that portion of 7th St. SW <br />whereby each party is responsible for fifty percent (50%) of the Total Cost of the project. <br />Section 3. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 28th day of April, 2025. <br />Mihir Pankaj, Mayor <br />