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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 City Council of the City of Paris, Texas acknowledges and <br />approves of the Subordination Agreement attached hereto as Exhibit "A" and <br />authorizes the Mayor to execute this Subordination Agreement or any other <br />documents related thereto. <br />Section 3. That this resolution shall be effective from and after the date of <br />passage. <br />PASSED AND APPROVED this 27th day of January 2012. <br />Edwin Pickle <br />Presiding Council Member <br />ATTEST: <br />~ <br />(kce Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent cIlyar, ity Attorney <br />