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DRAFT
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<br />F:kAttorneykALICEkRESWORK\CURRENTkAirport Past Lease Option -Eatherly Res.wpd
<br /> November 8, 2002
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<br />RESOLUTION NO.
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
<br />PARIS, TEXAS, GRANTING THE EXERCISE OF OPTION TO RENEW
<br />THE PASTURE LEASE AGREEMENT WITH CAREY EATHERLY FOR
<br />THE PROPERTY LOCATED AT COX FIELD AIRPORT FOR AN
<br />ADDITIONAL FIVE (5) YEARS; MAKING OTHER FINDINGS AND
<br />PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN
<br />EFFECTIVE DATE.
<br />
<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 1 lth day of May,
<br />1992, in Resolution No. 92-038, authorize the execution of a Pasture Lease Agreement with
<br />Carey Eatherly for the property located at Cox Field Airport; and,
<br />
<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of
<br />August, 1995, in Resolution No. 95-086, authorize the execution of Addendum Number One to
<br />said Lease Agreement; and,
<br />
<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of
<br />April, 1997, in Resolution No. 97-041, grant the exercise of option to Carey Eatherly for five
<br />(5) years, extending the term of said Lease Agreement from May 15, 1997, to May 14, 2002;
<br />and,
<br />
<br /> WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option
<br />from Carey Eatherly, the form of which is attached hereto as Exhibit A, for a five (5) year
<br />extension of said Lease Agreement dated May 11, 1992; and,
<br />
<br /> WHEREAS, the City Council deems it appropriate to grant the exercise of option to
<br />Carey Eatherly for five (5) years, which will extend the term of said Lease Agreement from May
<br />15, 2002, to May 14, 2007, and the City Manager, Michael E. Malone, should be authorized to
<br />acknowledge acceptance of said Exercise of Option by signing the same; NOW, THEREFORE,
<br />
<br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
<br />TEXAS:
<br />
<br /> Section 1. That the findings set out in the preamble to this resolution are hereby in all
<br />things approved.
<br />
<br /> Section 2. That the Exercise of Option by Carey Eatherly, the form of which is attached
<br />hereto as Exhibit A, be, and the same is hereby, granted for a period of five (5) years, beginning
<br />May 15, 2002, and ending May 14, 2007.
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