Ordinance #12,008

ORDINANCE

 

 

STATE OF LOUISIANA

 

CITY OF MONROE                                                                        NO.  12,008               

 

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

 

AN ORDINANCE AUTHORIZING JAMES E. MAYO, MAYOR, TO ENTER INTO A LEASE AGREEMENT WITH EDGE HOLDINGS, LLC FOR THE LEASE OF PROPERTY AT THE MONROE REGIONAL AIRPORT AND FURTHER PROVIDING WITH RESPECT THERETO:  

 

WHEREAS, in October 2003, the City of Monroe leased property located at 6301 Captain Guillory Drive in Monroe, Louisiana to Roofmasters, LLC, a Delaware LLC, with an initial term ending date of September 2008, with the option of 3 five year extensions;

 

WHEREAS, in March 2014, Roofmasters LLC, a Delaware LLC, assigned its rights, title and interest to Roof Masters LLC, a Nevada LLC;

 

WHEREAS, in April 2014, Roof Masters, LLC assigned its rights, title and interest to JPS Equipment, LLC under the same terms and conditions as the original lease;

 

WHEREAS, JPS Equipment, LLC has three years remaining in the original lease agreement, but desires to terminate the lease agreement and allow Edge Holdings LLC to enter into a new lease agreement with the City of Monroe instead of assigning its rights to Edge Holdings LLC; 

 

WHEREAS, the City of Monroe desires to enter into a new, original lease agreement with Edge Holdings, LLC for the lease of property at the Monroe Regional airport as per the attached lease agreement; and

 

WHEREAS, upon execution of the attached lease agreement between the City of Monroe and Edge Holdings LLC, the obligations of JPS Equipment LLC under the assignment between the City of Monroe and JPS Equipment LLC as outlined in Ordinance Number 6209 will be terminated.

NOW, THEREFORE BE IT ORDAINED by the City Council of the City of Monroe that James E. Mayo, Mayor, is hereby authorized to enter into the attached Lease Agreement with Edge Holdings, LLC, as per the attached Lease.

This Ordinance was introduced on the  28th    day of July 2020.

Notice published on the  31st    day of  July               , 2020.

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, Wilson & Dawson

NAYS:            None.

ABSENT:       None.

    And the Ordinance was declared ADOPTED on the  11th     day of  August            , 2020.

 

Juanita G. Woods                  

CHAIRMAN

 

Carolus S. Riley                     

CITY CLERK

 

Oliver Friday Ellis                 

MAYOR’S APPROVAL

                                               

MAYOR’S VETO