11-Move to approve a resolution authorizing the execution of a lease with the City of Paris and Union Pacific Railroad Co.

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DRAFT atto rney\reswork\current\ Union P cific-Sher an St. Lease Res RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PA IS, TE APPROVING AND AUTHORIZING THE EXECUTION OF A Ll AGREEMENT BETWEEN THE UNION PACIFIC RAILROAD COM ANY . THE CITY OF PARIS, TEXAS, FOR A.704 ACRE TRACT OF A ANDO RAILROAD RIGHT-OF-WAY LOCATED IN THE 1100 BLOCK OF V1 SHERMAN STREET; MAKING OTHER FINDINGS AND P OVISI RELATED TO THE SUBJECT; AND DECLARIIVG AN EFFECTIVE D TE. NS WHEREAS, the Union Pacific Railroad Company has offered to ease 10.704 acre tract of abandoned railroad right-of-way to the City of Paris located in the 11 0 block of West Sherman Street at no cost other than city maintenance; and, WHEREAS, this section of abandoned railroad right-of-way will opefu y one day become part of northern route for the Trail de Paris and/or Safe Routes o Scho 1 that will extend all the way to Leon Williams Park; and, WHEREAS, the form of Lease Agreement, attached hereto as Exhi it A, s uld, in all things, be approved and accepted; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TH CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this res lution re hereby in all things approved. Section 2. That the form of the Lease Agreement between Uni n Paci c Railroad Company and the City of Paris, attached hereto as Exhibit A, for the 0.70 acre t ct of land located in the 1100 block of West Sherman Street, be, and the same is hereby, approved and accepted. Section 3. That the City Manager of the City of Paris be, nd he is hereby authorized to execute on behalf of the City of Paris a lease agreemen for sa railroad right-of-way in a form substantially similar to the Agreement attached he eto as Vxhibit A. Section 4. That this resolution shall be effective from andl after Its date of passage. PASSED AND ADOPTED this 26th day of April, 2010. Jesse James Freelen, M r 84