Ordinance  #2021

An ordinance to lease Town of Lake Providence Property located at 113 Scarborough 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 113 Scarborough Street Lake Providence, La. is no longer needed for a public purpose;

Whereas, the town desires to lease the property located at 113 Scarborough Street Lake Providence, La.;

Now therefore, be it ordained that the property located at 113 Scarborough Street Lake Providence, La. may be leased for commercial purposes for $100.00 per month for the first 3 months and $200.00 thereafter plus utilities. The primary term of said lease is to be 4 years. Lessee is to provide liability insurance with minimum limits of $300,000.00. Any additional terms are to be negotiated by the Mayor.

All ordinances or resolutions in conflict herewith are repealed.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 day 20th day of December, 2018.

Yeas: Alderman McDaniel, Meadows, Madere, Magee

Nays:  None

Abstain: None

Absent: Alderman Condrey