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2008-105-RES-Approving the assignment of lease from Edwin Lancaster to Bert Strom for property at Cox field airportRESOLUTION NO. 2008-105 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING THE ASSIGNMENT OF LEASE FROM EDWIN LANCASTER TO BERT STROM FOR PROPERTY AT COX FIELD AIRPORT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDI111G AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 11th day of Ju y, 1994, in Resolution No. 94-084, authorize the execution of a Lease Agreement with W lliam T. Boothe for property at Cox Field Airport for a term of thirty-five (35) years, b inning August 1, 1994, and ending July 31, 2029; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of Se tember, 1997, in Resolution No. 97-103, approve the assignment of said Lease from W lliam T. Boothe to Ken Barber; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 9th day of M y, 2000, in Resolution No. 2000-063, approve the assignment of said Lease from Ken B rber to Edwin Lancaster; and, WHEREAS, Edwin Lancaster has expressed his desire to assign said Lease to Bert and Bert Strom has expressed his desire to accept such assignment; and, WHEREAS, the form of the Assignment of Lease from Edwin Lancaster to Bert St om, attached hereto as Exhibit A, should, in all things be approved, and the City Manager of the City of Paris should be authorized to acknowledge approval of said assignment by si ning the Acceptance of Assignment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF P RIS. TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in ~11 things approved. Section 2. That the form of the Assignment of Lease from Edwin Lancaster to Bert St om, attached hereto as Exhibit A, for property at Cox Field Airport, be, and the same is he eby, approved. Section 3. That the City Manager be, and he is hereby, authorized and directed to Dwledge approval, on behalf of the City of Paris, of the Assignment of Lease from n Lancaster to Bert Strom by signing the same in the form shown in Exhibit A, hed hereto. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND ADOPTED this 8th day of December, 2008. A TEST: , ~ ice Ellis, City Clerk A PROVED AS TO FORM: ~ J sse jame reelen, Aa-yor Wi Kent McIlyar),CitA Attorney ASSIGNMENT OF LEASE STATE OF TEXAS COrtJNTY OF LAMAR § F IiNOW fSLL MEN BY i14ESE PRESENTS; § EDWIN LANCASTER, for and in consideration of the sum of TEN AND NO/100 DO LARS ($10.00) and other good and valuable consideration to it in hand paid by Bert Strom of Larr ar County, Texas, the receipt and sufficiency of which is hereby acknowledged, does hereby assi , transfer and convey unto BERT STItOM that partion of Cox Fieid Airport shown on Exhibit "A"Ito the Lease Agreement dated July 18,1994 by and between the City of Paris, Paris, Texas and William T. Boothe, subject to Assignment of Lease dated September 27, 1997 to Ken Barber; and ;r subject to a subsequent Assignment of Lease dated April 20, 2000 to Edwin Lancaster. A of the Lease Agreement and subsequent assignments are attached hereto as Exhibit "A", ier with all of its rights, obligations, and responsibilities thereunder. To have and to hold the described property for and during the remainder of the term of said attached hereto as Exiibit "A". EXECUTED this ft day of January, 2008. CARIA MARIE PITCQCK s4 W MY COMMI3SIONEXPIRES ~ Februaty 16, 2009 ST TE OF TEXAS CO TY OF LAMAR EDWII~T LANCAS R (Acknowledgment) This instrument was acknowledged before me on this day of January, 2008 by EDWIN kSTER. NOTARY PUBLIC, STA OF TEXAS EXHIBIT.L fSCCEFTAi'iTCE f3F ASSIGIoTMENT S S I, BERT STROIVI, Assignee in the above assigrunent, do hereby covenant and agree to and accept th~ obligations and responsibilities of the above narned Assignor under the above- -ed lease agreement attached hereto as Exhibit A. CARIA MARlE PITCOCK MY COMMISSION EXPIRES Februety 15, 2009 BERT STROM (Acknowledgment) TE OF TEXAS TNTY OF LAMAiZ This instrument was acknowledged before me on ' day of January, 2008 by BERT _OM. NOTARY PUBLIC, STATE OF TEXAS aforesaid assignment is APPROVED and ACCEPTED by the City of Paris, Paris, Texas, on day of 2008. City Manager ty Clerk AS TO FORM: ity Attorney Gordan B Strom, Jr MD FAGP- 2850 Lewis tane, Paris, Texas 75460 Cox F.ietd Airport/ C/O Airport Advisory Committee Copy ta Lisa Wr;ght, Airport Director Gopy so 1R Aviation, Airport Manager Paris, Texas To: Airport Advisory Committee I have recently acquirad the lease to Hanger K#rom Ed tpncastet. I have enclosed the lease transfer agreement thot has been executed by Mr. Lc,ncaster and, that needs to be filed wirh the City of Paris: I am moking svbstantial improvements in the hanger and I am requesting that rhe City o4.Paris extend my lease arrangement tv the. mvximum extent qilowed- I am requesting an addit;onal 10 years on the current lease arrangernent. The improvesnents include; full electri<ol service, in conduit that meets code,. sealing the conerete fioor and painting the floor; finally, structural foam insulation. The improvements cost $6240.40 and will provide a Icsting structure with significanrly increased value. The hanger is insured wirh USAA for damages .and will continue to be insured as long as I hold the lease agreement. If this request is agreeable or if there questions, p(ease consact me at my office address, I am Sincerely., . 644 Gordon B. Strom Jr Md FACP