1158 RES O A BROUSSARD III FILED CERTAIN PROPOSAL ON SEPTEMBER 28 1965

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RE50LUTION NO, 1158. WHEREAS, O. A. Broussard III filed with the City of Paris, on Septemiber 28, 1965, a certain proposal with reference to certain operations on Cox Field Airport Area; and, WHEREAS, in said proposal, O.A. Broussard III proposed to enter into a ten (10) year lease with the City of Paris, with an option to renew said lease for an additional ten (10) years, and agrees to make the fdlowing improvemc.mts and the following services: That the City of Paris prepare the site and construct a slab foundation uponaxhich to erect a metal building. That the said O. A. Broussard III proposes to erect a metal building for the purpose of furnishing a school for pilot instruc- tion on said base, to provide for aircraft rental service, hangar and storage space, and when necessary, maintenance for aviation in connection with said operation. He further proposes to sell aircraft to the public out of said base of operation. That the City of Paris grant to O, A. Broussard III the exclusive right to handle and sell petroleum products to the aviation industry using Cox Field. That the property involved on said Airport is located immediately North of the Air Terminal Building and parking grounds and is designated on the official plat of Cox Field Airport as Maintenance BuildingArea; and, WHEREAS, the City of Paris is aware of the fact that it is to the welfare of the City of Paris to im7rove the facilities on and around Cox Field Airport; NOW, THEREFORE, SE IT RESOLVED BY THE CITY COUNCIL OF THE CITYOF PARIS, That the Mayor, V. E. Stewart, be, and he is hereby authorized and directed to enter into a contract widi O. A. Broussard III to lease to him the area above mentioned for a period of ten (10) years, with an option to renew the lease for ten (10) years by notifying the City of Paris in writing thirty (30) days prior to the termination of the primary term of ten (10) years, by which contract the City of Paris agrees to do the site preparation work and erect a concrete foundation upon which to erect a metal building. That the Lessee erect a metal building and maintain the same at his expense, and that from said location the Lessee sha].X, have the exclusive sale of all petroleum products used by the public using the Airport. The Lessee to conduct a school for pilot instruction, to provide air- craft rental service, hangar and storage space, and when necessary, mainte- nance for airplanes using said Airport, and be granted the privilege of selling aircraft to the public out of said operation. That said contract shall provide for an effective date immediately upon execution by the parties hereto. Passed and adopted this 1 lth day of October, A. D. , 1965. - Mayo r ATTEST: ~ ~ City Clerk APPRO VED AS TO FORM: City Attorney