06-P N. Main St. Lease OptionDRAFT
J:WttorneyW.ICE~SWO~CURRENT~ Main - Pltiltips Option Res.wptl
May 10, 2002
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, APPROVINGAND 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 FOR A TERM OF ONE
YEAR; MAHING 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 ofParis 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.
Michael J. Pfiester, Mayor
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney
EXERCISE OF OPTION
STATE OF TEXAS )
) 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 April 14, 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