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859 <br />RESOLUTION NO. 97 -024 <br />WHEREAS, the City Council of the City of Paris did heretofore on the 12th day of January, <br />1987, in Resolution No. 87 -006, authorize the execution of a lease agreement with the Red River <br />Valley Fair Association, Inc., which said lease was thereafter amended by Resolutions No's. 87 -036, <br />89 -036, and 91 -038; and, <br />WHEREAS, the Red River Valley Fair Association, Inc. has requested that said Lease <br />Agreement be revised to extend the term of the lease in order that it may finance and construct new <br />facilities at the fairgrounds, and it is deemed appropriate that such request be granted; and, <br />WHEREAS, the form of the Lease Agreement, attached hereto as Exhibit A, should, in all <br />things be approved, and the Mayor of the City of Paris, Eric S. Clifford, should be authorized to <br />execute the same; NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the form <br />of the Lease Agreement between the Red River Valley Fair Association, Inc. and the City of Paris, <br />attached hereto as Exhibit A, be, and the same is hereby, approved; and, <br />BE IT FURTHER RESOLVED, that the Mayor of the City of Paris, Eric S. Clifford, be, <br />and he is hereby, authorize and directed to execute, on behalf of the City of Paris, the Lease <br />Agreement with the Red River Valley Fair Association, Inc. under the terms and conditions and in <br />the form shown in Exhibit A, attached hereto. <br />PASSED AND ADOPTED this 10th day of March, 1997. <br />ATTEST: <br />Mattie Cunningham, City Cler <br />APPROVED AS TO FORM: <br />T. K.14aynes, C' y Attorney <br />Eric S. Clifford, Mayor <br />