Notice of Hearing/Ordinance - Ordinance authorizing a designated city representative to execute a Lease

NOTICE

 

NOTICE is hereby given that a public hearing will be held on the following Ordinance, Tuesday, August 22, 2023 at 6:00 p.m., in the Council Chamber at Monroe City Hall:

 

ORDINANCE

 

STATE OF LOUISIANA

CITY OF MONROE                                                                         

 

The following Ordinance was introduced.

 

AN ORDINANCE AUTHORIZING A DESIGNATED CITY REPRESENTATIVE TO EXECUTE A LEASE BETWEEN THE CITY OF MONROE AND SELMAN HANGAR, L.L.C. AND FURTHER PROVIDING WITH RESPECT THERETO.

 

            WHEREAS, on September 13, 1983, the City leased approximately 1.58 acres at the Monroe Regional Airport to Travis Oliver (the Original Lease);

 

            WHEREAS, the Original Lease is still in effect, but due to subsequent assignments and corporate reorganizations, Selman Hangar, L.L.C. is now the lessee under the Original Lease;   

 

            WHEREAS, Selman Hangar, L.L.C. recently exercised its final ten-year option under the Original Lease but desires to make capital improvements to the leased premises;

 

            WHERAS, in exchange for Selman Hangar, L.L.C. agreement to make capital investment into the premises, including the closure of underground storage tank systems, the City desires to enter into a new lease agreement with Selman Hangar, L.L.C. which cancels and supersedes the Original Lease, extends Selman Hangar, L.L.C.’s occupancy of the premises, and mandates additional capital investment on the premises;

 

            WHEREAS, a copy of the Lease Agreement with exhibits is attached and incorporated. 

 

BE IT ORDAINED, by the City Council of the City of Monroe, in legal session convened, that Mayor Friday Ellis be and is hereby authorized and empowered for and on behalf of the City of Monroe, Louisiana, to enter and execute said Lease Agreement between the City of Monroe, Louisiana and Selman Hangar, L.L.C.

 

            BE IT FURTHER ORDAINED that under the provisions of Louisiana Revised Statute 33:4712 that prior to the final adoption hereof, notice of this Ordinance shall be published in the official journal three (3) times within fifteen (15) days, one week apart and that any opposition hereto must be made in writing, filed with the Clerk of the Council within fifteen (15) days of the first publication.

 

ORDINANCE INTRODUCED on the   25th   day of  July , 2023.

 

            NOTICE PUBLISHED on July 28th, 2023 and August 4th & 11th, 2023.

 

                                                            Carolus S. Riley, CMC, MMC

                                                                        Council Clerk