City of Monroe, LA

ORDINANCE

STATE OF LOUISIANA                                                                               NO.  12,185            

CITY OF MONROE

            The following Ordinance was introduced by  Marshall                             who moved for its adoption and was seconded by  Woods                               .

AN ORDINANCE AUTHORIZING A DESIGNATED CITY REPRESENTATIVE TO EXECUTE AN AMENDED AND RESTATED LEASE AGREEMENT BETWEEN THE CITY OF MONROE AND OUACHITA GRAND PLAZA, INC. AND FURTHER PROVIDING WITH RESPECT THERETO:________________________   ____________

            WHEREAS, the City of Monroe and Ouachita Grand Plaza, Inc. entered into a Lease Agreement dated effective as of January 15, 1988 pursuant to which the City of Monroe leased to Ouachita Grand Plaza, Inc. certain real property together with the improvements thereon located at 501 South Grand Street, Monroe, Louisiana 71201; and

WHEREAS, the term of the Lease Agreement is for a period of ninety-nine (99) years commencing on the 1^st day of September, 1986 and terminating on the 31^st day of August, 2085; and

WHEREAS, City of Monroe and Ouachita Grand Plaza, Inc. desire to amend and restate the Lease as outlined in the attached First Amended and Restated Lease Agreement.

NOW, THEREFORE BE IT ORDAINED by the City Council of the City of Monroe that Mayor Friday Ellis, be and is hereby authorized to execute the First Amended and Restated Lease Agreement, a copy of which is attached hereto and made a part hereof, by and between the City of Monroe and Ouachita Grand Plaza, Inc.

            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 was introduced on the  11th           day of  July                 , 2023.

Ordinance advertised on the  14th, 21st & 28th          day of  July                , 2023.

This Ordinance having been submitted in writing, introduced and advertised 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  8th      day of  August           , 2023.                                  

                                    Gretchen Ezernack                 

                                    CHAIRMAN

Carolus S. Riley                     

CITY CLERK

Oliver Friday Ellis                 

MAYOR’S APPROVAL

________________________

MAYOR’S VETO