2009-095-RES-Lease agreement between C.O.P. & Chad Parrott @ Cox Field

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RESOLUTION NO. 2009-095 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AND ACCEPTING AN ASSIGNMENT OF THE LEASE AGREEMENT BETWEEN THE CITY OF PARIS AND TOBY REX ADAMS FOR PROPERTY AT COX FIELD AIRPORT TO CHAD PARROTT; 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 9th day of March, 1998, in Resolution No. 88-034, authorize the execution of a Lease Agreement with Toby Rex Adams for property at Cox Field Airport for a term of thirty-five (35) years, beginning Apri11,1998, and ending March 31, 2033; and, WHEREAS, Toby Rex Adams has expressed his desire to assign said lease to Chad Parrott, and Chad Parrott has expressed his desire to accept such assignment; and, WHEREAS, the form of the Assignment of Lease from Toby Rex Adams to Chad Parrott, attached hereto as Exhibit A, should, in all things be approved, and the City Manager should be authorized to acknowledge approval of said assignment by signing the same. 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 hereby in all things approved. Section 2. That the form of the Assignment of Lease from Toby Rex Adams to Chad Parrott, attached hereto as Exhibit A, for property at Cox Field Airport, be, and the same is hereby, approved; and, Section 3. That the City Manager be, and he is hereby, authorized and directed to acknowledge approval, on behalf of the City of Paris, of the Assignment of Lease from Toby Rex Adams to Chad Parrott by signing the same in the form shown in Exhibit A, attached hereto. PASSED A1VD ADOPTED this 14th day of September, 2009. ~ esse Jam s Freelen, Mayor