21-Lease agreement between the City of Paris and AGPRO Inc.

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DRAFT S:attorney/reswork/current/agpro lease 7-25-11 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVIIVG A NEW LEASE AGREEMENT BETWEEN THE CITY OF PARIS, TEXAS AND AGPRO, INC. FOR 400 ACRES OF LAND AT COX FIELD AIRPORT IN THE CITY OF PARIS, LAMAR COUIVTY TEXAS; AUTHORIZIIVG THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMEIVTS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Agpro, Inc. has leased 400 acres of land from the City at Cox Field Airport for grazing, crop production and dairy research for the last thirty (30) years and the last extension on the existing lease expires in August 2011; and WHEREAS, Agpro, Inc. a Texas Corporation located at 859 Airport Road, Paris, Texas, desires to enter into a new 20-year Lease Agreement with the City of Paris for the 400 acre tract at Cox Field Airport in the City of Paris, Lamar County Texas; and, WHEREAS, the City Council of the City of Paris hereby finds that it is in the best interest of the City of Paris and its citizens to enter into a new Lease Agreement and does hereby authorize the City Manager to execute all documents necessary to effectuate the Lease Agreement with Agpro, Inc., for the 400 acres of land identified in the Lease Agreement attached hereto and incorporated herein as Exhibit "A"; and, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUIVCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The new Lease Agreement between the City of Paris and Agpro, Inc., a copy of which is attached hereto as Exhibit "A," be, and the same is hereby approved. Section 3. The Mayor and/or City Manager of the City of Paris be, and is hereby authorized to execute said lease agreement and any and all other documents necessary to effectuate the lease agreement. Section 4. This resolution shall be effective immediately upon passage. DULY PASSED AND APPROVED this 25th day of July, 2011. A.J. Hashmi, M.D., Mayor 1 I