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RESOLUTION N0. 1g72 , <br />WHEREAS, the City Council of the City of Paris did at its <br />Council Meeting on the 8th day of May, 1978, approve the adver - <br />tisement for bids for Agricultural Lease, Cox Field, in accordance <br />with detailed specifications, which bids were received until 10:00 <br />o'clock A. M. , Wednesday, June 7, 1978; and, <br />WHEREAS, the best bid f.or said agricultural lease was made <br />by Loma Alta Ranch, and it should be awarded the lease, upon can- <br />cellation of the lease heretofore entered into between the City of <br />Paris and Agpro, Inc. ; and, <br />WHEREAS, the form of such lease is attached hereto as <br />E~ibit A; NOW, THEREFOR~, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, That the bid of Loma Alta Ranch for the Agricultural Lease, <br />Cox Field, in the amount of $2, 750. 00 for each of the first 3 years <br />of the primary term and $3, 300. 00 per year for the five year option, <br />is hereby accepted and let, and the lease heretofore entered into be- <br />tween the City of Paris and Agpro, Inc, is hereby cancelled; and, <br />BE IT FURTHER RESOLVED, That the City Manager of the <br />City of Paris, Robert W. Sokoll, be, and he is hereby authorized <br />and directed to execute on behalf of the City of Paris, the agricul- <br />tural lease with Loma Alta Ranch for Cox Field, upon the terms <br />and conditions and in the form shown in Exhibit A attached hereto. <br />Passed and adopted this 12th day of June, 1978. <br />r <br />ichael . Malone, ayor <br />ATTEST: <br />, . <br />. r ~ ~ _ _ ~ _ ~ <br />H, C. Greene, City Clerk <br />APP VED A -TO FORM; <br />~ <br />T. K, aynes, ity ttorney <br />