2008-090-RES ACCEPTING THE DONATION OF A PREFABRICATED PEDESTRIAN BRIDGE FROM THE GREATER PARIS DEVELOPMENT FOUNDATION, INC. TO BE USED AT ATHE CROSSING POINT OVER THE US 271 LOOP 286 INTERCHANGE

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RESOLUTION 1110. 2008-090 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, ACCEPTIIVG THE D011iATION OF A PREFABRICATED PEDESTRIAN BRIDGE FROM THE GREATER PARIS DEVELOPMENT FOUNDATION, INC. TO BE USED AT THE CROSSING POINT OVER THE US 271 LOOP 286 INTERCHANGE; AND APPROVING AND AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE CITY OF PARIS AND THE GREATER PARIS DEVELOPMENT FOUNDATION, INC., A NO1V-PROFIT CORPORATION OF THE STATE OF TEXAS, FOR THE PROPERTY KNOWN AS THE 0.8 MILE EAST EXTENSION OF TRAIL DE PARIS; MAKING OTHER FINDINGS AND PROVISIONS 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 Ciry of Paris is desirous of accepting the same from the Greater Paris Development Foundation, Inc.; and, WHEREAS, the Greater Paris Development Foundation, Inc. is desirous of leasing a 0.8 mile long and one hundred foot (100') wide stretch of abandoned railroad line from the termination of the current Trail de Paris property at U.S. 271 and Loop 286 Interchange 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 lease agreement with the Greater Paris Development Foundation, Inc. for this extension; and, 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 COUNCIL OF THE CITY OF 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 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 way at the US Hwy 271 and Loop 286 interchange 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 City of Paris, attached hereto as Exhibit A, for the properry 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 Loop 286 Interchange east along the old railroad right-of-way to the intersection of Old Clarksville Road and the railroad line, be, and the same is hereby, approved and accepted.