ORDINANCE
STATE OF LOUISIANA NO. 12,316
CITY OF MONROE
The following Ordinance was introduced by McFarland , who moved for its adoption and was seconded by Woods :
AN ORDINANCE AUTHORIZING AN AMENDMENT TO LEASE AGREEMENT WITH INGERSOLL RAND INC. FOR CERTAIN PROPERTY AND IMPROVEMENTS LOCATED AT 4601 CENTRAL AVENUE, MONROE, LOUISIANA AND FURTHER PROVIDING WITH RESPECT THERETO.
WHEREAS, the City of Monroe entered into an Agreement of Lease dated December 9, 1966, covering approximately 40.3 acres, together with the improvements located thereon, within the Monroe Industrial Park and commonly known as 4601 Central Avenue, Monroe, Louisiana;
WHEREAS, the Lease has been amended and assigned from time to time, and Ingersoll Rand Inc. is the successor-in-interest to the lessee’s interest and the current lessee under the Lease;
WHEREAS, the City of Monroe and Ingersoll Rand Inc. desire to amend the Lease to provide for the extension of the lease term, additional renewal options, rental adjustments, and certain matters relating to proposed capital improvements to the leased premises; and
WHEREAS, the City Council finds that the continued lease of the property upon the terms and conditions set forth in the Amendment to Lease Agreement is in the best interest of the City of Monroe.
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Monroe, in legal and regular session convened, that the Amendment to Lease Agreement between the City of Monroe and Ingersoll Rand Inc. affecting the property and improvements located at 4601 Central Avenue, Monroe, Louisiana, is hereby approved.
BE IT FURTHER ORDAINED that Mayor Friday Ellis, or his duly authorized designee, is hereby authorized to enter into and execute the Amendment to Lease Agreement on behalf of the City of Monroe, substantially in the form presented to the City Council, and to execute such other documents and take such actions as may be reasonably necessary to carry out the purposes of this Ordinance.
BE IT FURTHER ORDAINED that nothing contained in this Ordinance or the Amendment to Lease Agreement shall constitute an appropriation of funds or approval of any particular construction contract associated with the proposed capital improvements to the leased premises, and any expenditure, procurement, or construction contract requiring separate approval of the City Council shall remain subject to such approval and all requirements of applicable law.
This Ordinance was introduced on October 13, 2026.
Notice published on October 16th , 2026.
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, McFarland & Muhammad
NAYS: None.
ABSENT: None.
And the Ordinance was declared ADOPTED on October 27, 2026.
Verbon Muhammad
CHAIRPERSON
Carolus S. Riley
CITY CLERK
Oliver Friday Ellis
MAYOR’S APPROVAL
MAYOR’S VETO