06-F Eatherly OptionDRAFT
F:kAttorneykALICEkRESWORK\CURRENTkAirport Past Lease Option -Eatherly Res.wpd
November 8, 2002
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, GRANTING THE EXERCISE OF OPTION TO RENEW
THE PASTURE LEASE AGREEMENT WITH CAREY EATHERLY FOR
THE PROPERTY LOCATED AT COX FIELD AIRPORT FOR AN
ADDITIONAL FIVE (5) YEARS; 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 1 lth day of May,
1992, in Resolution No. 92-038, authorize the execution of a Pasture Lease Agreement with
Carey Eatherly for the property located at Cox Field Airport; and,
WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of
August, 1995, in Resolution No. 95-086, authorize the execution of Addendum Number One to
said Lease Agreement; and,
WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of
April, 1997, in Resolution No. 97-041, grant the exercise of option to Carey Eatherly for five
(5) years, extending the term of said Lease Agreement from May 15, 1997, to May 14, 2002;
and,
WHEREAS, the City Council of the City of Paris is in receipt of an Exercise of Option
from Carey Eatherly, the form of which is attached hereto as Exhibit A, for a five (5) year
extension of said Lease Agreement dated May 11, 1992; and,
WHEREAS, the City Council deems it appropriate to grant the exercise of option to
Carey Eatherly for five (5) years, which will extend the term of said Lease Agreement from May
15, 2002, to May 14, 2007, and the City Manager, Michael E. Malone, 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 Carey Eatherly, the form of which is attached
hereto as Exhibit A, be, and the same is hereby, granted for a period of five (5) years, beginning
May 15, 2002, and ending May 14, 2007.
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 1 lth day of November, 2002.
ATTEST:
Michael J. Pfiester, Mayor
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney
EXERCISE OF OPTION
STATE OF TEXAS
COUNTY OF LAMAR
KNOW ALL MEN BY THESE PRESENTS:
That Carey Eatherly did heretofore, on the 1 lth day of May, 1992, execute a Pasture
Lease Agreement for that portion of Cox Field property described on Exhibit A to said lease,
attached thereto and made a part thereof, with the CITY OF PARIS, PARIS, TEXAS, a
municipal corporation.
Carey Eatherly does hereby exercise his option for the five (5) year period beginning May
15, 2002, and ending May 14, 2007, at the annual rental rate of $2,653.00.
SIGNED this 1 lth day of November, 2002.
Carey Eatherly
Acceptance of the above Exercise of Option is acknowledged this 1 lth day of November,
2002.
CITY OF PARIS
By:
Michael E. Malone, City Manager
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney
EXHIBIT A