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<br />RESOLUTION NO. 2001-014
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
<br />PARIS, TEXAS, AUTHORIZING THE TAKING OF BIDS FOR THE LEASE
<br />OF HANGARHAT THE COX FIELD AIRPORT, FORMERLY KNOWN AS
<br />THE WRENN LEASE; MAKING OTHER FINDINGS AND PROVISIONS
<br />RELATED TO THE SUBJECT; AND PROVIDING FOR AN EFFECTIVE
<br />DATE.
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of
<br />February, 1990, in Resolution No. 90-010, authorize the execution of a Lease Agreement with James
<br />M. Wrenn for property at Cox Field Airport for a term offive (5) years, beginning March 1, 1990,
<br />and ending February 28, 1995, with a five (5) year option ending February 28,2000, with lease
<br />payments at the rate of $375.00 per month; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of
<br />February, 1995, in Resolution No. 95-028, accept an exercise of option from James M. Wrenn to
<br />extend the term of said lease an additional five (years), expiring on February 28, 2000; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
<br />November, 1999, in Resolution No. 99-139, authorize the Assignment of Lease from James M.
<br />Wrenn to Eric S. Clifford; and,
<br />
<br />WHEREAS, said Lease expired on February 28, 2000, and the City Council of the City of
<br />Paris did heretofore, on the 14th day of February, 2000, in Resolution No. 2000-018, authorize the
<br />advertisement for bids for the lease of Hangar H at the Cox Field Airport, which bids were recei ved
<br />until 3:00 o'clock p.m. on Tuesday, March 7, 2000; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of March,
<br />2000, in Resolution No. 2000-026, designate that the best bid for such lease was made by
<br />Progressive Marketing Group of Addison, Texas, in the increased amount of $1,500.00 per month
<br />for a term of five (5) years; and,
<br />
<br />WHEREAS, in accordance with the terms of the lease with J. B. Richey, such bid was
<br />subsequently forwarded to Mr. Richey as the holder of a right-of-first-refusal forthe lease of Hangar
<br />H in order that he be given the opportunity to match such bid; and,
<br />
<br />WHEREAS, J. B. Richey declined to exercise his right-of-first-refusal for such lease, and
<br />the City Council of the City of Paris did heretofore, on the 10th day of April, 2000, in Resolution
<br />No. 2000-035, authorize the execution of a Lease Agreement with Progressive Marketing Group for
<br />the lease of Hangar H under the terms and conditions specified in the bid documents; and,
<br />
<br />WHEREAS, in spite of due diligence on the part of the City of Paris to obtain proper
<br />approval of the lease by Progressive Marketing, Progressive Marketing failed to timely exercise its
<br />
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