“An Ordinance to lease Town of Lake Providence Property located at 314 First Street”

At a Regular Meeting of the Mayor and Board of Aldermen, duly and regularly convened, at which a quorum was present and voting, the following ordinance was presented:

WHEREAS, the town has declared the property located at 314 First Street, Lake Providence, LA, is no longer needed for a public purpose;

WHEREAS, the town desires to lease the property located at 314 First Street, Lake Providence, LA;

NOW THEREFORE, be ordained that the property located at 314 First Street, Lake Providence, LA may be leased for commercial purposes for a minimum of $250.00 per month plus utilities. The primary term of said lease is to be 1 year with an option to renew for successive years. Lessee is to provide liability insurance with minimum limits of $300,000. Any additional terms are to be negotiated by the Mayor and Board of Aldermen.

All ordinances or resolutions in conflict herewith are repealed. Ordinance #1982 is specifically repealed.

This ordinance shall be effective 10 days after passage.

This ordinance was adopted at a regular meeting, which a quorum was present, after due notice, on this July 21, 2016.

Yeas: Alderman Magee, Meadows, McDaniel, Frantom
Nays: None
Abstain: None
Absent: Alderman Madere

__________________________________ _________________________________
Lee Ann W. Clement, Clerk Robert N. Amacker, Jr.

Publish: August 4, 2016