City of Monroe, LA

ORDINANCE

STATE OF LOUISIANA

CITY OF MONROE                                                                          NO.  11,979                     

The following Ordinance was offered by Mrs.  Ezernack                 who moved for its adoption and was seconded by Mr.  Wilson                                    :

AN ORDINANCE APPROVING THE RESTATEMENT OF A COMMERCIAL LEASE AGREEMENT CONFIRMING MULTIPLE MODIFICATIONS AND SUPPLEMENTAL TERMS AT THE MONROE REGIONAL AIRPORT BY AND BETWEEN THE CITY OF MONROE AND DAVEAIR, L.L.C. AND, FURTHER PROVIDING WITH RESPECT THERETO.                                                                                                                                                 

WHEREAS, the City of Monroe as Lessor and the Morgan & Lindsey, Inc., as Lessee entered into a Contract of Lease dated the 1^st day of January 1963 for the Premise more particularly described herein, which original lease was recorded in the conveyance records of Ouachita Parish, Louisiana at Conveyance Book 785, Page 87 (DR# 521242), herein the “Original Lease”; and

WHEREAS, the rights held by the City of Monroe and the Lessee under the Original Lease including all related leasehold rights and improvements located on the subject Premise, have been supplemented and amended as part of the process of assignment of the Original Lease to a series of subsequent lessees, all being done with the consent of the City of Monroe as evidenced by consenting Resolution and/or Ordinances, including the following:

Resolution #678, adopted August 14, 1984;

Resolution #1015, approving sublease and assignment as of September 17, 1986;

Ordinance #8078, adopted November 24, 1987;

Resolution #1480, adopted August 14, 1990;

Resolution #6027, adopted March 12, 2013;

Resolution #7461 adopted May 28, 2019; and

WHEREAS, through the process of the assignments of the Original Lease, the present and existing terms of the Original Lease have been supplemented and amended and presently are now inconveniently stated among multiple agreements, and that the City of Monroe and the current Lessee, DAVEAIR, L.L.C. desire to restate the terms of the Original Lease as same has been amended.

NOW THEREFORE BE IT ORDAINED, by the City Council of the City of Monroe, Louisiana, in legal session convened, that the Assignment of Lease from the City of Monroe to DAVEAIR, L.L.C. is hereby acknowledged and approved in form and under substantially the same conditions as the original lease in this matter. The Commercial Lease Agreement (Restated Lease Confirming Multiple Modifications and Supplemental Terms) is attached hereto and made a part hereof.

BE IT FURTHER ORDAINED, by the City Council of the City of Monroe, Louisiana, in legal session convened, that James E. Mayo, Mayor, be and he is hereby authorized and empowered, for and on behalf of the City of Monroe, Louisiana, to enter into and execute such documents as may be necessary to effectuate the approval and consent of the City of Monroe to said restated lease agreement.

            This Ordinance was introduced on the  11th  day of February 2020.

            Notice published on the  14th     day of  February     , 2020.

This Ordinance having been submitted in writing, introduced and published was then submitted to a vote as a whole, the vote thereon being as follows:

AYES:             Ezernack, Harvey, Woods & Wilson

NAYS:            None.

ABSENT:       Clark

And the Ordinance and declared ADOPTED on the  25th     day of  February          , 2020.

                                                                                                Juanita G. Woods                         

CHAIRMAN

Carolus S. Riley                                 

CITY CLERK

James E. Mayo                                   

MAYOR’S APPROVAL

MAYOR’S VETO