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<br /> <br /> <br /> CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br /> <br /> Submittal Date: Originating Department: Presented By: Agenda Item No.: <br /> 02/21/2012 Shawn Napier, P.E., Director of <br /> Council Date: Airport Engineering, Planning and 28. <br /> 02/27/2012 Development <br /> RECOMMENDED MOTION: Approve a resolution to approving and accepting an assignment of the <br /> Lease Agreement between the City of Paris and Bill Booth for property at Cox Field Airport to Magnum <br /> Performance Inc. and authorizing the City Manager to negotiate and execute all necessary documents. <br /> POLICY ISSUE(S): <br /> Private Hanger Lease <br /> <br /> BACKGROUND: <br /> Mr. Bill Booth has sold his hanger and now requests that we transfer the hanger lease to Magnum <br /> Performance Inc. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> BOARD/COMMISSION RECOMMENDATION: <br /> <br /> <br /> EXHIBITS: <br /> Resolution, lease agreement <br /> <br /> ACTION: BUDGET INFO: <br /> ❑ Financial Report ❑ Minute Order Expense $ <br /> ❑ Department Report ® Resolution Budgeted Amt. $ <br /> ❑ Presentation ❑ Ordinance YTD Actual $ <br /> ❑ Public Hearing ❑ Other Acct. Name <br /> Acct. Number <br /> FISCAL NOTES: <br /> <br /> <br /> REVIEWED AND APPROVED BY: <br /> ® Administration ® City Clerk ® Eng., Planning & Development ❑ EMS/IT ❑ Finance ❑ Fire <br /> <br /> ❑ Municipal Court ® Legal ❑ Library ❑ Police ❑ Public Works ❑ Utilities <br /> <br /> <br /> <br /> <br /> <br /> City of Paris Revised 2/04/08 <br />