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DRAFT <br /> <br />F:~Attorney~ALICE~RESWORK\CURRENT~Vlaxey Rifle Club Lease Option Res 2003.wpd <br /> December 5, 2003 <br /> <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, APPROVING AND AUTHORIZING ADDENDUM NO. 1 <br />AND GRANTING THE EXERCISE OF OPTION TO RENEW THE <br />CURRENT LEASE AGREEMENT FORAN ADDITIONAL FIVE (5) YEARS <br />WITH THE MAXEY RIFLEMAN GUN CLUB, FORMERLY KNOWN AS <br />THE MAXEY BLACK POWDER RIFLE CLUB OF PARIS, FOR A <br />PORTION OF THE PROPERTY LOCATED AT LAKE CROOK; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />PROVIDING AN EFFECTIVE DATE. <br /> <br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of <br />December, 1998, in Resolution No. 98-168, authorize the execution of a Lease Agreement with <br />the Maxey Black Powder Rifle Club of Paris for a portion of the property located at Lake Crook; <br />and, <br /> <br /> WHEREAS, the Maxey Black Powder Rifle Club of Paris, now known as the Maxey <br />Rifleman Gun Club, did heretofore on the 14th day of December, 1998, execute a Lease Agreement <br />with the City of Paris for that portion of Lake Crook property described as Exhibit A to said Lease, <br />the Original Lease Agreement being attached hereto and made a part hereof; and, <br /> <br /> WHEREAS, the aforesaid Original Lease Agreement dated December 14, 1998, contained <br />insurance requirements therein which are less than the potential liability limits set by state law for the <br />City of Paris as a municipal corporation, and the parties desire to revise said limits of insurance <br />coverage to be maintained by the Maxey Rifleman Gun Club consistent with the current requirements <br />of state law; and, <br /> <br /> WHEREAS, the parties to the Original Lease Agreement desire to recognize the current <br />name of the Maxey Black Powder Rifle Club as the Maxey Rifleman Gun Club; and, <br /> <br /> WHEREAS, the aforesaid Original Lease Agreement provided the Maxey Rifleman Gun <br />Club, as Lessee, an option to extend the term of the original agreement by five (5) years, and the <br />aforesaid Maxey Rifleman Gun Club desires to exercise said option and the City of Paris, as Lessor, <br />desires to acknowledge and accept said exercise of option; NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br /> <br /> <br />