17 a 99 Year Lease proposed section Trail de Paris

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Attor11ey\resw0rk\current\Trai1 de Paris Lease Res - p, D~FT RESOLUTION N0. 2008 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, ACCEPTING THE DONATION OF A PREFABRICATED PEDESTRIAN BRIDGE FROM THE GREATER PARIS DEVELOPMENT FOUNDATION, I1VC. TP BE ISED AT THE CRPSSOMG [POMT PVER THE IS 281 ;PPI 297 OMTERCJAMGE; AND AppROVING AND AUTHORIZIIVG THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE CITY OF PARIS AND THE GREATER PARIS DEVELOPMENT FOUNDATION, INC., A NON-PROFIT CORPORATION OF THE STATE OF TEXAS, FOR THE PROPERTY KNOWN AS THE 0.8 MILE EAST EXTENSION OF TRqIL DE PARIS; MAKIIVG OTHER FINDINGS AND PROVISIOIVS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Greater Paris Development Foundation, Inc. has offered to donate a prefabricated pedestrian bridge for the extension of Trail de Paris to be placed on TxDOT right of way at US Hwy 271 and Loop 286 and the City of Paris is desirous of acce tin same from the Greater Paris Development Foundation, Inc.; and, p b the WHEREAS, the Greater Paris Development Foundation, Inc. is desirous of leasin a 0•8 mile long and one hundred foot (100') wide stretch of abandoned railroad line from g termination of the current Trail de Paris property at U.S. 271 and Loop 286 Interchanhe east along the old railroad right-of-way, to the intersection of Old Clarksville Road and the railroad line all within the city limits of the City of Paris, Lamar County, Texas (hereinafter the "Trail de Paris East Extension") and the City of Paris is desirous of entering into a lea agreement with the Greater Paris Development Foundation, Inc. for this extension; and, se WHEREAS, the form of Lease Agreement, attached hereto as Exhibit A, should, in all things, be approved and accepted; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUIVCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereb in all things approved. y Section 2. That the donation from the Greater Paris Development Foundation, Inc. of a prefabricated pedestrian bridge for the extension of Trail de Paris to be placed on TxDOT right of was at US Hwy 271 and Loop 286 be, and is hereby approved and accePted. Section 3. That the form of the Lease Agreement between The Greater Paris Development Foundation, Inc. and the Ciry of Paris, attached hereto as Exhibit A, for the property known as Trail de Paris East Extension described as the one hundred foot (100') right-of-way of the 0.8 miles of the abandoned railroad line from the U.S. 271 and Loo 286 P - 000109