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07-E Trail de Paris Lease Agreement
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07-E Trail de Paris Lease Agreement
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Last modified
12/7/2005 12:45:32 PM
Creation date
12/7/2005 12:45:09 PM
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AGENDA
Item Number
07-E
AGENDA - Type
RESOLUTION
Description
Lease between City of Paris & the Greater Paris Development Foundation, Inc. for Trail de Paris
AGENDA - Date
12/12/2005
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<br />DRAFT <br /> <br />F:ATTORNEY\RESWORK\CURRENT\ Trail de Paris Lease Res <br />November 22, 2005 <br /> <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF <br />A LEASE AGREEMENT BETWEEN THE CITY OF PARIS AND THE <br />GREATERP ARIS DEVELOPMENT FOUNDATION, INC., A NON-PROFIT <br />CORPORATION OF THE STATE OF TEXAS, FOR THE PROPERTY <br />KNOWN AS TRAIL DE PARIS; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, the Mayor of the City of Paris did heretofore, on the 14th day of February, <br />2004, execute a Letter of Support for the Trail de Paris Project in the City of Paris; and, <br /> <br />WHEREAS, the 2003-2004 Leadership Lamar County class raised $825,000 in funds toward <br />the Trail de Paris and has placed that value on the assets of said Trail de Paris; and, <br /> <br />WHEREAS, the Greater Paris Development Foundation, Inc. is desirous ofleasing the Trail <br />de Paris property to the City of Paris, described as the one hundred foot (100') right-of-way of the <br />2.30 miles of the abandoned railroad line from Southeast 12th Street, east to Loop 286, and the City <br />of Paris is desirous of accepting the same from the Greater Paris Development Foundation, Inc.; and, <br /> <br />WHEREAS, the form of Lease Agreement, attached hereto as Exhibit A, should, in all <br />things, be approved and accepted; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the form of the Lease Agreement between The Greater Paris Development <br />Foundation, Inc. and the City of Paris, attached hereto as Exhibit A, for the property known as Trail <br />de Paris described as the one hundred foot (100') right-of-way of the 2.30 miles of the abandoned <br />railroad line from Southeast 12th Street, East to Loop 286, be, and the same is hereby, approved and <br />accepted. <br /> <br />Section 3. That the Mayor of the City of Paris be, and he is hereby authorized to execute <br />on behalf of the City of Paris said Lease Agreement for Trail de Paris in the form attached hereto as <br />Exhibit A. <br /> <br />.-. <br />I <br /> <br />. T- <br /> <br />"--r <br />
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