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1998-015-AIRPORT PROJECT PARTICIPATION AGREEMENT RESOLUTION NO. 98-015 WHEREAS, the City Council of the City of Paris did heretofore, on December 9, 1996, in Resolution No. 96-137, approve the execution of the Airport Project Participation Agreement, TxDOT Project No. AP PARIS 4, TxDOT CSJ No. 9601PARIS with the State of Texas through the Texas Department of Transportation; and, WHEREAS, the terms of the Airport Project Participation Agreement are in need of revision and Amendment No. 1 in the form of Exhibit A attached hereto should be approved; NOW, THERE}'ORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that Amendment No.1 to the Airport Project Participation Agreement, TxDOT Project No. AP PARIS 4, TxDOT CSJ No. 9601PARIS, attached hereto as Exhibit A, be, and the same is hereby, approved; and, BE IT FURTHER RESOLVED, that the City Manager of the City of Paris, Michael E. Malone, be, and he is hereby, authorized and directed to execute, on behalf of the City of Paris, Amendment No. 1 to said Airport Project Participation Agreement in the form of Exhibit A attached hereto. PASSED AND ADOPTED this 5th day of February, 1998. ATTEST: Mattie Cunningham, City Cler APPROVED AS TO FORM: T. K. Haynes, ty Attorney TEXAS DEPARTMENT OF TRANSPORTA nON AIRPORT PROJECT P ARTICIP A TION AGREEMENT . I (State Assisted Airport Development) Amendment No. 01 to the Agreement TxDOT Contract No.: 6XXFA032 TxDOT Project No.: AP PARIS 4 TxDOT CSJNo.: 9601PARIS WHEREAS, the CITY OF PARIS, TEXAS, hereinafter referred to as the "Sponsor", and the TEXAS DEPARTMENT OF TRANSPORT ATlON, hereinafter referred to as the "State," have entered into an Airport Project Participation Agreement TxDOT CSJ Number 960 IP ARIS, executed by the Sponsor on September 19, 1995 and by the State on October 12, 1995, for the development of Cox Field Airport~ and WHEREAS, the project is described as follows: reconstruct and overlay hangar access taxiwa~ install segmented circle~ construct drainage improvements~ construct tenninal building~ install erosion/sedimentation controls~ and associated appurtenances at Cox Field ~ and WHEREAS, it is in the mutual interest of the Sponsor and the State to amend said Airport Project Participation Agreement at this time to increase the total estimated project costs based on the receipt of construction bids and increase the amount of State financial assistance~ and WHEREAS, Part II - Offer of Financial Assistance, estimates total project costs to be $630,000.00~ and WHEREAS, financial assistance is currently limited to $200,000.00 in state funds and $200,000.00 in local sponsor funds for the construction of the terminal building and $207,000.00 in state funds and $23,000.00 in local sponsor funds for project items as described above other than the construction of the tenninal building~ NOW, THEREFORE, in consideration of the parties' mutual promises, the following amendment to the Airport Project Participation Agreement shall become effective upon execution of this Amendment by the Sponsor and the State. , I The Airport Project Participation Agreement is hereby amended to: 1. On page 2, Part II, paragraph 1 of the Agreement, change Amount A, estimated eligible project costs, and any further references in the Agreement to Amount A, to $750,000.00. It is estimated that $480,000.00 of Amount A is for the construction of the tenninal building and will be Page 1 of3 EXHIBIT j'i eligtble for. state financial assistance. State financial assistance will be for fifty percent (500,10) of the eligtble project costs for this project item not to exceed $240,000.00. It is also estimated that $270,000.00 of Amount A is for the construction of the descnbed project items other than the tenninal building and will be eligIble for state financial assistance. State financial assistance will be for ninety percent (90%) of the eligIble project costs for those work items not to exceed $243,000.00. 2. On page 2, Part IT, paragraph 1 of the Agreement, change Amount B, Sponsor's share of eligible project costs, and any further references in the Agreement to Amount B, to $267,000.00. 3. On page 2, Part IT, paragraph 1 of the Agreement, change Amount C, State's share of eligible project costs, and any further references in the Agreement to Amount C, to $483,000.00. All other terms and conditions of the agreement are unchanged and remain in full force and effect. The above amendment to the Airport Project Participation Agreement between the City of Paris, Texas, and the TEXAS DEPARTMENT OF TRANSPORTATION is hereby mutually agreed to and accepted by, Executed this 5th day of February ,1998. City of Paris. Texas Sponsor Witness Signature Mattie Cunningham City Clerk Witness Title Sponsor Signature Michael E. Malone City Manager Sponsor Title ,1 , , , Page 2 of3 Attorney General's Approval This contract is approved as to form. Attorney General of Texas By: Assistant Attorney General Date: Execution by the State STATE OF TEXAS TEXAS DEPARTMENT OF TRANSPORTATION By: Date: , l 'oJI' Page 3 of3