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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Draft <br /> RESOLUTION NO. <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br /> PARIS, TEXAS, APPROVING AN ASSIGNMENT OF GROUND LEASE <br /> BETWEEN WILLIAM T. BOOTHE AND MAGNUM PERFORMANCE, <br /> INC. FOR A HANGAR AT COX FIELD AIRPORT; MAKING OTHER <br /> FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> <br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of June <br /> 2009, in Resolution No.2009-066, authorize the execution of a Ground Lease Agreement with <br /> William T. Boothe for property at Cox Field Airport for a term of Thirty (30) years, beginning <br /> June 22, 2009, and ending June 21, 2039; and, <br /> <br /> WHEREAS, William T. Boothe has expressed his desire to transfer and assign all of his <br /> right, title and interest in said ground lease to Gene Swbota, d/b/a Magnum Performance, Inc. <br /> and Gene Swbota has expressed his desire to accept such assignment; and, <br /> <br /> WHEREAS, the form of the Assignment of Lease from William T. Boothe to Magnum <br /> Performance, Inc., attached hereto as Exhibit "A", should, in all things be approved, and the City <br /> Manager should be authorized to acknowledge approval of said assignment by signing the same; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br /> THE CITY OF PARIS, TEXAS, THAT: <br /> <br /> <br /> Section 1. That the findings set out in the preamble to this resolution are hereby in all <br /> things approved. <br /> <br /> Section 2. That the form of the Assignment of Lease from William T. Boothe to <br /> Magnum Performance, Inc., attached hereto as Exhibit "A", for property at Cox Field Airport, be, <br /> and the same is hereby, approved. <br /> <br /> Section 3. That the City Manager be, and he is hereby, authorized and directed to <br /> acknowledge approval, on behalf of the City of Paris, of the Assignment of Lease from William <br /> T. Boothe to Magnum Performance, Inc., by signing the same in the form shown in Exhibit "A", <br /> attached hereto. <br /> <br /> Section 4. That this resolution shall be effective from and after its date of passage. <br /> <br /> PASSED AND ADOPTED this 27th day of February, 2012. <br /> <br /> <br /> <br /> <br /> <br /> 184 <br />