2006-037-RES-Legion Airport Properties

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RESOLUTION NO. 2006-037 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING THE ASSIGNMENT OF THE AMENDED LEASE AGREEMENT FOR LEGION AIRPORT PROPERTIES WEST OF NORTHWEST 19TH STREET, PARIS, TEXAS, DATED FEBRUARY 13,2006, BETWEEN THE CITY OF PARIS AND COX SOUTHWEST HOLDINGS, L.P.; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 1 st day of October, 1980, enter into a Lease Agreement with Cox Southwest Holdings, L.P, (formerly Midwest Video Corporation); and, WHEREAS, the City Council of the City of Paris did heretofore, on the 24th day of October, 2005, authorize the execution of a new Lease Agreement with Cox Southwest Holdings, L.P.; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of February, 2006, approve and authorize the execution of an Amended Lease Agreement with Cox Southwest Holdings, L.P.; and, WHEREAS, Cox Southwest Holdings, L.P. is no longer desirous of continuing with said Lease Agreement and has requested the City Council of the City of Paris to approve the execution of an assignment of the Amended Lease Agreement to Cebridge Acquisition Co. L.L.C.; and, WHEREAS, the City Council desires to continue to lease this Legion Airport property west of Northwest 19th Street for the maintenance and operation of a community television antenna system; 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 of this resolution are hereby in all things approved. Section 2. That the assignment of the Lease Agreement from Cox Southwest Holdings, L.P. to Cebridge Acquisition Co. L.L.C. be, and the same is hereby, approved. Section 3. That the Mayor of the City of Paris be, and he is hereby, authorized and directed to execute, on behalf of the City of Paris, the Assignment in the form of Exhibit A, attached hereto. Section 4. That this resolution shall be effective from and after the date of passage.