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attached hereto, by Paris, Texas Industrial Foundation, Inc., <br />and that all further options therein granted are continued to <br />be available to AGPRO, Inc. upon satisfaction of the addi- <br />tional requirements therein described. <br />WHEREAS, the City of Paris did heretofore request Civil <br />Aeronautics Administration ta release, for the purpose of sale, <br />the 10 acres herein authorized to be conveyed, to Paris, Texas <br />Industrial Foundation, Inc.; and, <br />WHEREAS, the requirement of the release is that the fair <br />market value of the property being released be expended on re- <br />pair and strengthening the North-South Runway at Cox Field, <br />Paris, Texas, independent of Federal participation during the <br />ensuing five year period; NOW, THIIZEFORE, <br />BE IT FURTHER RFSOLVED BY THE C ITY COUNCIL OF THE CITY <br />OF PARIS, That the fair market value of the 10 acre tr act <br />herein authorized to be conveyed to Paris, Texas Industrial <br />Foundation, Inc. is $700.00 per acre for a total sum of <br />$7,000.00, and the Director of Finance, H. C. Greene, be, and <br />he is hereby directed to expend during the ensuing five year <br />period $7,000.00 on repair and strengthening the North-South <br />Runway, Cox Field, Paris, Texas, independent of any and all <br />Federal Programs. <br />Passed and adopted this 14th day of August, 1972. <br />t <br />s W. Farris, Mayor <br />ATTFST : <br />k ' <br />H. C. Gr ene, City Clerk <br />APPPJV%D A0S T,,qr FORM : <br />. Haynes, jPlty Attorney <br />