City of Monroe, LA

ORDINANCE

STATE OF LOUISIANA

CITY OF MONROENO.12,188

The following Ordinance was introduced by Mrs. Dawson who moved for its adoption and was seconded by Mr. Harvey:

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.

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

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

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:Harvey, Ezernack, Woods, Marshall & Dawson

NAYS:None.

ABSENT:None.

And the Ordinance was declared ADOPTED on the 22nd day of August, 2023.

Gretchen Ezernack

CHAIRMAN

Carolus S. Riley

CITY CLERK

Oliver Friday Ellis

MAYOR'S APPROVAL

MAYOR’S VETO