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2011-002 RES APPROVING DONATION AND MAINTENANCE AGREEMENT WITH LOUISE HAGOOD FOR THE INSTALLATION OF A VERDIN CLOCK AT THE PLAZARESOLUTIOIV NO. 2011-002 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS; APPROVING A DONATION AND MAINTENANCE AGREEMENT WITH LOUISE HAGOOD FOR THE INSTALLATION OF A VERDIN CLOCK AT THE SOUTHEAST CORNER OF THE DOWNTOWIV PLAZA; MAKING OTHER FINDINGS A1VD PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on October 25, 2010 the City Council of the City of Paris unanimously approved the acceptance of a fifteen-foot (15') tall Madison Street Clock manufactured by the Verdin Company from Mrs. Louise Hagood in honor of her late husband, Colonel Thomas Monroe Hagood, Jr. for placement on the Downtown Plaza; and, WHEREAS, in return for such generosity, the City has agreed to care for and maintain the clock during its useful life, therefore necessitating a Donation and Maintenance Agreement with Mrs. Hagood, in the form of the Agreement attached hereto as Exhibit A; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUIVCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The donation of a fifteen-foot (15') tall Madison Street Clock, be, and is hereby, in all things accepted. Section 3. The City Manager be, and he is hereby authorized and directed to execute, on behalf of the City of Paris, any and all documents necessary for the donation and maintenance of said clock, in a form substantially similar to the Agreement attached hereto as Exhibit A. Section 4. This resolution shall be effective immediately upon passage. DULY PASSED AND APPROVED this 13th da uary, 2011. Biard, Mayor ATTEST: , 0 ice Ellis, City Clerk APPROVED AS TO FORM: W. Kent McIlya , i Attorney DONATION AND MAINTENANCE AGREEMENT This Agreement is entered into this day of January, 2011, by and between Mrs. Louise W. Hagood, 556 Fitzhugh Avenue, Paris, Texas, 75460 (hereinafter "DONOR"), and the City of Paris, Texas, a home-rule Municipal Corporation, 135 lst Street SE, Paris, Texas 75460, (hereinafter "CITY") WHEREAS, Mrs. Louise W. Hagood wishes to donate a fifteen-foot (15') tall Madison Street Clock manufactured by The Verdin Company (hereinafter the "Clock") to the City of Paris, in honor of her late husband, Colonel Thomas Monroe Hagood, Jr., for placement on City Property at the southeast corner of the Downtown Plaza; and, WHEREAS, pursuant to Resolution No. , the City Council of the City of Paris, Texas, has agreed to accept the gift of this Clock from Mrs. Hagood for placement on the Downtown Plaza and the CITY has agreed to care for and maintain the Clock during its useful life. NOW THEREFORE, in consideration of the gift of the Clock to CITY and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, DONOR and CITY hereby agree as follows: 1. DONOR will donate, deliver and install a fifteen-foot (15') tall Madison Street Clock manufactured by The Verdin Company to the City of Paris, Texas for installation on the southeast corner of the Downtown Plaza or at such other location as the Parties to this Agreement may decide to locate the Clock. 2. DONOR shall purchase the Clock at her own expense and pay for delivery and installation of the Clock at the agreed location on the Downtown Plaza, Paris, Texas. 3. DONOR shall obtain a three-year warranty on the Clock from the Manufacturer (including a full warranty on all parts and labor). All warranty papers on the Clock obtained by DONOR shall be transferred and assigned to the CITY upon execution of this Agreement. 1 EXH1B1T A 4. DONOR shall pay for all costs related to the installation of said Clock on the Downtown Plaza, including, but not limited to all plans, permits, design fees, concrete, electrical, mechanical or other work necessary to install the Clock and make it operable. 5. After the Clock is installed and made operational, CITY agrees to pay for any recurring electrical service cost to keep the Clock running. CITY also agrees to maintain and service the Clock, as needed, following expiration of the warranty period. 6. This Agreement shall remain in full force and effect beginning with the date set out above and ending upon the expiration of the useful life of the Clock (such time that the Clock can no longer be repaired or maintained at a reasonable cost to CITY) or until such time as this Agreement is terminated by CITY upon ninety (90) days prior written notice to DONOR. 7. This Agreement shall be binding upon the Parties hereto, their heirs, executors and assigns. EXECUTED this day of January, 2011. DONOR By: Mrs. Louise W. Hagood CITY OF PARIS, TEXAS By: Will Biard, Mayor ATTEST: Janice Ellis, City Clerk 2 APPROVED AS TO FORM: W. Kent McIlyar, City Attorney STATE OF TEXAS § § COUNTY OF LAMAR § BEFORE ME, the undersigned authority, on this day personally appeared Louise W. Hagood, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same for the purposes and consideration therein expressed. Notary Public, State of Texas STATE OF TEXAS § § COUNTY OF LAMAR § BEFORE ME, the undersigned authority, on this day personally appeared Will Biard, Mayor of the City of Paris, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same for the purposes and consideration therein expressed. Notary Public, State of Texas 3