2003-059-RES APPROVE/AUTHORIZE REAL ESTATE PURCHASE AGREEMENT WITH CHAMBER OF COMMERCE FOR 3/10 OF LOT 1 BLOCK 102, LOTS 2A & B BLOCK 102-B

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RESOLUTION NO. 2003-059 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF A REAL ESTATE PURCHASE AGREEMENT WITH THE LAMAR COUNTY CHAMBER OF COMMERCE FOR THE PURCHASE OF THE CITY OF PARIS'S THREE-TENTHS (3/10) INTEREST IN AND TO LOT 1, CITY BLOCK 102 AND LOTS 2 AND 2-A, CITY BLOCK NO. 102-B, LOCATED AT 1651 CLARKSVILLE STREET, PARIS, TEXAS; MAKING O'lllliKFINDINGS AND PROVISIONS RELATED TO THE SUBJECT AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Paris and the Chamber of Commerce are currently joint owners in that Property located at the northwest comer of the intersection of 17th Street S.E. and Clarksville Street in the city of Paris (hereinafter referred to as the "Property"); and, WHEREAS, said Property and accompanying Building (hereinafter referred to as the "Building") were originally purchased by the Chamber of Commerce by Warranty Deed dated February 1, 1983, found at Volume 654, Page 164 of the Deed Records of Lamar County, Texas, said Building being purchased to be used as the central offices of the Lamar County Chamber of Commerce; and, WHEREAS, thereafter, the Chamber of Commerce offered to the City of Paris and the City of Paris accepted the offer of the purchase of an undivided three-tenths (3/10) interest in and to the aforesaid Property, for the purchase price of $100,000.00, and the City of Paris accepting said offer, by General Warranty Deed dated March 27, 1984, the same being found at Volume 670, Page 14 of the Deed Records of Lamar County, Texas, purchased and acquired the aforesaid three-tenths (3/10) interest in said Property; and, WHEREAS, thereafter, the City of Paris entered into a series of lease agreements with the Lamar County Chamber of Commerce whereby the City's undivided three-tenths (3/10) interest in the Property was leased by the Lamar County Chamber of Commerce in exchange for the aforesaid Chamber of Commerce using the aforesaid premises in part for Visitors and Convention Council activities, as permitted by Section 30-38 of the Code of Ordinances of the City of Paris; and, WHEREAS, thereafter, the City of Paris, on behalf of the Chamber of Commerce, sought and received approval for a grant from the Texas Department of Transportation (TxDOT) to substantially rehabilitate and reconstruct that building known as the Santa Fe-Frisco Depot, a historical structure located at 1125 Bonham Street, with the understanding between the City and the Chamber that, upon final rehabilitation of said structure, the Chamber would occupy said structure to conduct Chamber of Commerce, Paris Economic Development Corporation, and Visitors and Convention Council activities, in addition to utilizing a portion of said structure for the support of the activities of the Lamar County Genealogical Society and another portion of said