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CITY OF GRAMBLING ORDINANCE NO. 1006011-2

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CITY OF GRAMBLING
ORDINANCE NO. 1006011-2
AN ORDINANCE OF THE CITY OF GRAMBLING TO DECLARE PROPERTY AS SURPLUS AND TO AUTHORIZE SALE OF SAID SURPLUS PROPERTY
WHEREAS, an ordinance has been proposed to be adopted by the Board of Aldermen of the City of Grambling; and WHEREAS, the proposed ordinance must be introduced by its title; and WHEREAS, a public hearing must be held prior to its adoption; and WHEREAS, the title of the proposed ordinance must be published in the official journal and the notice shall provide for the time and place where the Board will consider its adoption. NOW THEREFORE, BE IT ORDAINED that the following ordinance be and it is hereby adopted by the Board of Aldermen of the City of Grambling:
Section 1: Pursuant to a motion held at the Board of Aldermen Meeting held on October 6, 2011, the following property was deemed to be surplus property as such property is no longer needed for public purposes and that same should be sold:
Wireless tenant lease agreement with AT&T regarding a wireless satellite located at 444 RWE Jones Drive Grambling, Louisiana dated _____________.
Section 2: It has been determined that the above listed lease agreement is no longer needed for public purposes.
Section 3: Moreover, the City has been approached by a company who desires to purchase the lease agreement. It has been determined that the sale of this lease agreement and the granting of an option to purchase the lease agreement is in the best interest of the City of Grambling
Section 4: The minimum purchase price for the sale of this lease agreement shall be $203,594. In order to accomplish the sale of the surplus property identified above, the City of Grambling intends to execute an option to sell the above listed surplus property for $100 with said option granting the buyer the exclusive right to purchase the lease agreement for a minimum price of $203,594 within 90 days of the execution of the option with the City of Grambling.
Section 5: Notice of this ordinance will be published three times in fifteen days, one week apart, in the Ruston Leader, the Official Journal of the City of Grambling, beginning on October 10, 2011 as required by La. R.S. 33:4712(B).
Section 6: This ordinance was introduced at the October 6, 2011 meeting. A public hearing shall be held on November 3, 2011 at 5:30 p.m., immediately preceding the November 3, 2011 Board of Alderman Meeting.
Section 7: Any opposition to this ordinance must be made in writing, filed with the clerk or secretary of the City of Grambling within fifteen days of the first publication. In accordance with La. R.S. 33:4712(C), this shall not become effective until ten days after its passage, during which time any interested citizen may apply to the Lincoln Parish District Court for an order restraining the disposition of the property. After this ordinance becomes effective, it cannot be contested for any reason.
Section 8. This Ordinance was duly introduced, published in accordance with law, and then duly read and adopted by the following vote
5 YEAS 0 NAYS None: ABSENT None: ABSTAIN.
This ordinance was adopted on the 3rd day of November, 2011
Pamela Stringfellow, CMC
Edward R. Jones, Mayor
2td: November 18 & 24, 2011

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