NOTICE
NOTICE is hereby given that a public hearing will be held on the following Ordinance, Tuesday, August 8, 2023 at 6:00 p.m., in the Council Chamber at Monroe City Hall:
ORDINANCE
STATE OF LOUISIANA
CITY OF MONROE
The following Ordinance was introduced.
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 1st day of September, 1986 and terminating on the 31st 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 INTRODUCED on the 11th day of July , 2023.
NOTICE PUBLISHED on July 14th, 21st & 28th, 2023.
Carolus S. Riley, CMC, MMC
Council Clerk