Ordinance #12,076

WHEREAS, Ordinance 12,024 was adopted October 27, 2020, authorizing the execution of a Cooperative Endeavor Agreement by and among the City of Monroe andthe Downtown Economic Development District of the City of Monroe and the State of Louisiana, and

WHEREAS, the City of Monroe, The Downtown Economic Development District of the City of Monroe and the State of Louisiana do hereby wish to amend and restate the cooperative endeavor agreement, which was adopted October 27, 2020, by Ordinance 12,024.  A copy of the First Amended and Restated Cooperative Endeavor Agreement is attached hereto and made a part hereof.

NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Monroe, State of Louisiana, acting as the governing authority of the City, authorize the execution of the First Amended and Restated Cooperative Endeavor Agreement by and among the City of Monroe, The Downtown Economic Development District of the City of Monroe and the State of Louisiana relating to the collection, use and expenditure of ad valorem property tax and sales tax increments in said District.

This Ordinance was introduced on the  27th day of  July, 2021.

Notice published on the  30th day of  July, 2021.

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

AYES: Harvey, Ezernack, Woods, Marshall & Dawson

NAYS: None.

ABSENT: None.

And the Ordinance was declared ADOPTED on the  10t day of  August, 2021.