1982 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 2207 WHEREAS, the Red River Valley Exposition, Inc. has requested the City Council of the City of Paris to subordinate its landlord's lien upon a 0.021 acre lot upon which a Community Exhibit Center is to be constructed which lot is at the Southwest corner of the intersection of Center Ave. and 6th Street N. E. upon the fairground property heretofore leased to Red River Valley Exposition, Inc, as authorized in Resolution No. 2080 of the City of Paris; and, WHEREAS, the City of Paris wishes to continue to encourage the improvement by construction of new buildings on the fairground property by the Red River Valley Exposition, Inc., and is therefore agreeable to subordinating its landlord lien as requested, upon the terms and conditions described in subordination agreement attached hereto as Exhibit "A "; and, WHEREAS, in the event that there are any abandoned Right of Ways and alleys that may interfer with the stated use of the 0.021 acre lot, we hereby find that such Right of Ways or alleys are not needed by the City of Paris and the same should be forthwith closed; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS; that the Mayor of the City of Paris, Joe Graham, be, and is hereby authorized and directed to execute on behalf of the Cityc€ Paris, the Landlord's Subordination Agreement in favor of the Liberty National Bank in Paris, Paris, Texas, upon the terms and conditions and in the form attached --� hereto as Exhibit "A ". BE IT FURTHER RESOLVED that any Right of Ways or alleys that may interfere with the proposed use of the tract described in Exhibit "A" attached hereto is hereby abandoned by the City of Paris and closed. Passed and adopted this 13th day of September, 1982, j,4--Graham, Mayor ATTEST: H. CT eene, City Clerk APPROVED AS TO FORM: T, K. Hayn s, City Attorney