2002-088-RES APPROVE/AUTHORIZE EXECUTION OF OPTION TO RENEW LEASE OF PROPERTY LOCATED AT PARTS OF LOTS 6 & 7, BLOCK 251A, BEING 1231 N MAIN STREET
RESOLUTION NO. 2002-088
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF
AN EXERCISE OF OPTION TO RENEW THE LEASE OF PROPERTY
LOCATED ON PART OF LOTS 6 AND 7, CITY BLOCK 251A, BEING
NUMBER 1231 N. MAIN STREET, PARIS, TEXAS FORA TERM OF ONE
YEAR; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO
THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris did heretofore, on the 26th day of
March, 2001, in Resolution No. 2001-028, authorize the execution of a Lease Agreement with
Allen Phillips for the property located on part of Lots 6 and 7, City Block 251A, being number
1231 N. Main Street; and,
WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option
from Allen Phillips, the form of which is attached hereto as Exhibit A, for a one (1) year extension
of said Lease Agreement dated April 15, 2002; and,
WHEREAS, the City Council deems it appropriate to grant the exercise of option to Allen
Phillips for one (1) year, which will extend the term of said Lease Agreement from April 15,
2002, to April 14, 2003, and the City Manager should be authorized to acknowledge acceptance
of said Exercise of Option by signing the same; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That the Exercise of Option by Allen Phillips, the form of which is attached
hereto as Exhibit A, be, and the same is hereby, granted for a period of one (1) year, beginning
April 15, 2002, and ending April 14, 2003.
Section 3. That the City Manager be, and he is hereby, authorized and directed to
acknowledge acceptance, on behalf of the City of Paris, of said Exercise of Option by signing the
same.
Section 4. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED this 13th day of May, 2002.
ATTEST:
~).'sL ~~-~~
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
EXERCISE OF OPTION
STATE OF TEXAS
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KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LAMAR
That ALLEN PHILLIPS did heretofore, on the 26th day of March, 2002, execute a Lease
Agreement for property located on part of Lots 6 and 7, City Block 251A, being number 1231 N.
Main Street, with the CITY OF PARIS, PARIS, TEXAS, a municipal corporation.
That Allen Phillips does hereby exercise his option to extend the aforesaid Lease
Agreement for a one (1) year period beginning April 15, 2002, and ending Apri114, 2003, at the
monthly rental rate of $250.00.
SIGNED this 13th day of May, 2002.
Allen Phillips
Acceptance of the above Exercise of Option is acknowledged this 13th day of May, 2002.
CITY OF PARIS, PARIS, TEXAS
By:
Michael E. Malone, City Manager
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney
EXHIBIT A