761 RES CITY COUNCIL APPOINTED COMMITTEE TO CONSIDER LEASING TWO TRACTS OF LANDL-1
RESOLUTION IN10. ~
CI
V'JH~=rtE~S, the City Council of -the City of Paris has heretoiore
appointed a com:nittee, composed of Robert ;.;cu'dhirter, u'dilliam C. ,agan,
and Clark Pstes, Jr., to consider leasing two tracts of lUnd,which are
hereinafter d.cscribed, frc::, Leslye LeUiis Sanders; arni,
~5'HFFt--HS, saici committee has rlade and has submitted a proposal t;o
the .;ttorney-in-Fact, P:;ignon C. House, ror the owner of said properties,
which proposal is as folloivs:
corrmittee of the Ci-t,- Council, ivhich ti°ias appointed
at a recent :::eeting of the City Council, co;nposed of Chair:nan
Robert ;,IclVhirter and INle:nbers VJiliiara C. Ragan and Ciark Estes,
Jr., met and considered the propositicn of leasing certain
properties vrithin the City of Paris, from ;Aignon House acting
as attorney-in-fact ior Leslye Leviis 5anders, a wiclow, of Los
~;nyeies, I-aliiornia. The com,:littee proposes zo recom:;iend to
the City Council of the City of Paris, the following proposal,
i^~hen the sa,ne has been coniirmed by Mignon House as attorney-
in-fact Tor Leslye Letivis Sanders, a widow, of Los i~ngeles,
Calii=ornia. The property involved for the purposes of this
proposal Urill be treated as Tract a and Tract B:
"Tract A. Being a parcel of land ironting 123 feet
on the N. B. Line of !'Jest Price Street and 119 feet
on the E. B. Line of lsz Street, N. !^J.
"Tract B. Being a parcel of land lying im;lecliately
North of Tract A and adjoining Tract A, and front-
ing 96 feet on the F. B. Line of lst Street, Tv.
and having a depth of 140 feet.
"'iney proposed to lease frc;ii the e+.~rner both tracts oi=
lancl described above, as iolicv~s:
lease of iract A to begin and have an efi=ective date
of tne datz the iease is executed between the ovmer and the
City of Paris for a ter,:, of icive (5) years rronq the effect~ve
date of the lease of said Tract .
"r"A lease ef Tract B to be executed on the sa::,e date as
the lease on Tract A is executed, to become effective Qctober
1, 1958 and to continue for a ter;: fro:, ;',ctoper i, 1958 to the
end of the five 'Jr-ar period of Tract
"That tl-ie City pay from the effective date of the lease
on Tract :1 to Octoi:)ex 1, 1958, a rental of Eiyhty Dollars
($80.'%0) per montn
, payable monthly and beginning on the
effective date of the Iease on Tract That the City pay a
monthly rental on both Tracts and B, beginniny Qctober 1,
1958, the surn of $150.03 per month, payable monthly in
advance until the expiration date of the leases coveriny
Tract .1 and Tract 3.
"That the City be given an option to purchase both of
said tracts at any tirr~after the effective date of the lease
on Tract to the expiration date of the lease on both Tracts
A and B, for tne consideration olo $15,000.00.
"That no lease :noney rentuls, which are paid prior to
tne exercise oi such option shall upply to the pLm c;zase prico,
but ali of such rentals shuli be retained by t}ie Lessor.
"That should the leases upon Tract ti and Tract B expire
viithout the City naving exercised its option to purchuse the
said tracts, then the City shali have ihe right to remove at
its costs any improve::zents which ;nay have been placed thereon
by the City.
• •
"Signed this 294h day of October, A. U., 1957.
CUl"1:'lI TTcE
s Robert P.Rc?`Jhirter
Chairman
s william C. Ra an
ls/ Clark Estes, Jr.
P4embers."
.{i1D r'u'HEP.EAS, said com,mittee has reco:nrnended to the City Council
that the City lease said tracts nn the terms and conciitions oi such pro-
sal; and,
~^JHEREEIS, the recomrnendation or the com:nittee has been accepted by
the Lessor; anca,
IUHEREHS, the lease embodying the terms of such tracts has been
prepareci; NUVd', THEREI'ORE,
BF IT RESOL'JED BY THE CITY GOUPdCIL OI= TuE CTTY OF P4R1S, That the
City enter into a lease contract covering Tracts A and B, as submitted in
the above proposal and on the terms and conditions therein er.pressed, and
the City I',r;anager, Albert K. Steinheimer, is hereby authorized and directed
to execute for and on nehalr of said City a lease which has been prepared
and presented to the City Council or the City oF Paris.
Passed and adopted this llth day of IuTovember, A. D., 1957.
Pviayor Pro TErm
ATTEST s
AIV
City Clerk
;
t'iPPROVED AS TO R)Rf,::
'
City r~t -rney.