2012-022 RES APPROVING ASSIGNMENT OF GROUND LEASE BETWEEN WILIAM T BOOTHE AND MAGNUM PERFORMANCE FOR HANGAR AT COX FIELD AIRPORT

Home Browse Search

RESOLUTION NO. 2012-022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING AN ASSIGNMENT OF GROUND LEASE BETWEEN WILLIAM T. BOOTHE AND MAGNUM PERFORMANCE, INC. FOR A HANGAR AT COX FIELD AIRPORT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of June 2009, in Resolution No.2009-066, authorize the execution of a Ground Lease Agreement with William T. Boothe for property at Cox Field Airport for a term of Thirty (30) years, beginning June 22, 2009, and ending June 21, 2039; and, WHEREAS, William T. Boothe has expressed his desire to transfer and assign all of his right, title and interest in said ground lease to Gene Swbota, d/b/a Magnum Performance, Inc. and Gene Swbota has expressed his desire to accept such assignment; and, WHEREAS, the form of the Assignment of Lease from William T. Boothe to Magnum Performance, Inc., attached hereto as Exhibit "A", should, in all things be approved, and the City Manager should be authorized to acknowledge approval of said assignment by signing the same; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the form of the Assignment of Lease from William T. Boothe to Magnum Performance, Inc., attached hereto as Exhibit "A", for property at Cox Field Airport, be, and the same is hereby, approved. Section 3. That the City Manager be, and he is hereby, authorized and directed to acknowledge approval, on behalf of the City of Paris, of the Assignment of Lease from William T. Boothe to Magnum Performance, Inc., by signing the same in the form shown in Exhibit "A", attached hereto. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND ADOPTED this 27th day of