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RESOLUTION NO. 1748 , <br />WHEREAS, the City Council of the City of Paris did at its <br />Council Meeting on the 8th day of March, 1976, 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, April 7, 1976; and, <br />WHEREAS, the best bid for said agricultural lease was made <br />by AGPRO, INC. , and it should be awarded the lease; and, <br />WHEREAS, the form of such lease is attached hereto as <br />Exhibit A; NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, That the bid of AGPRO, INC, for the Agricultural Lease, <br />Cox Field, in the amount of $500. 00 for the first year, $500. 00 for <br />the second year, $500.00 for the third year, $500.00 for the <br />fourth year and $5, 500. 00 for the fifth year, and $12, 500. 00 per <br />year for the first five (5) year option and $18, 500. 00 per year for <br />the second five (5) year option, is hereby accepted and let; and, <br />BE IT FURTHER RESOLVED, That the City Manager of the <br />City of Paris, I<erry R. Sweatt, be, and he is hereby authorized and <br />directed to execute on behalf of the City of Paris, the agricultural <br />lease with AGPRO, INC. for Cox Field, upon the terms and condi- <br />tions and in the form shown in Exhibit A attached hereto. <br />Passed and adopted this 12th day of April, 1976. <br />A TTEST• <br />, <br />-C... <br />H. C. Greene, City Clerk <br />APP OVED AS,0 FORM: <br />_ <br /> <br />, <br />T. K. Haynes, ity ttorney <br />