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DRAFT <br />attorney\reswork\current\Purchase 165 W. Center Res 2010 <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, APPROVING THE PURCHASE OF LOTS 5& 6 BLOCK 1, OF <br />THE HENRY SMITH ZND ADDITIOIV LOCATED AT 165 W. CEIVTER <br />STREET; RATIFYING THE EXECUTION OF A REAL ESTATE <br />COIVTRACT WITH THE LINNIE RAY SPENCER 1998 REVOCABLE <br />MANAGEMENT "A" TRUST; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR THE <br />PURCHASE OF SAID PROPERTY; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />WHEREAS, the City is in need of a new warehouse building for City supplies <br />and parts, and City staff has determined that the building located at 165 W. Center <br />Street, adjacent to the Public Works yard is the best suited; and, <br />WHEREAS, pursuant to City Council direction, the City Manager has negotiated <br />a Real Estate Contract with the Linnie Ray Spencer 1998 Revocable Management "A" <br />Trust for the purchase of this property in the amount of $115,000, which in all things <br />should be ratified; and, <br />WHEREAS, the City Manager should be authorized to execute any and all <br />documents necessary to finalize the purchase of Lots 5& 6, Block 1, Henry Smith 2nd <br />Addition, being 165 W. Center Street. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble of this resolution are <br />hereby in all things approved. <br />Section 2. That the purchase of the property and improvements on Lots 5 <br />& 6, Block 1 of the Henry Smith's 2nd Addition, being 165 West Center Street in the <br />amount of $115,000, be and is hereby approved. <br />Section 2. That the execution of the Real Estate Purchase Agreement with <br />the Linnie Ray Spencer 1998 Revocable Management "A" Trust, attached hereto as <br />Exhibit A, be and is hereby ratified. <br />Section 3. That the City Manager of the City of Paris be, and he is hereby <br />authorized and directed to execute on behalf of the City of Paris any and all <br />documents related to the purchase of said property. <br />00GCi78 <br />