Number
050615
Version
Original
Reference
Sponsor
The Chair
Title:
Resolution approving a lease agreement with Cargill, Inc.
Analysis
This resolution would approve a lease agreement with Cargill, Inc. for two parcels of land on the west side of South Carferry Drive, South Harbor Tract of the Port of Milwaukee.
Body
Whereas, Cargill, Inc. has been a long term tenant in good standing with the Port of Milwaukee and has an existing lease dated October 1, 2001; and
Whereas, The existing lease will expire on September 30, 2005 and both parties to the lease have agreed to a new lease negotiated by the Port of Milwaukee staff and approved by the city Attorney’s office; and
Whereas, The Lease Agreement with Cargill, Inc. is for 4.58 acres, on two parcels of land on the west side of South Carferry Drive, South Harbor Tract, of the Port of Milwaukee, for the term of tens years for Parcel A, October 1, 2005 through September 30, 2015; and for the term of two years for Parcel B, October 1, 2005 through September 30, 2007; and
Whereas, The Board of Harbor Commissioners at their meeting of July 29, 2005 acted by vote of the Board to grant such lease; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that said Common Council hereby ratifies and approves the Lease Agreement between Cargill, Inc. and the City of Milwaukee, by and through its Board of Harbor Commissioners, for the 10-year term October 1, 2005 through September 30, 2015; and for the two-year term October 1, 2005 through September 30, 2007; and, be it
Further Resolved, That the designated officers of said government and said Board are hereby authorized and directed to execute an agreement to carry out this purpose.
Drafter
08/23/05
Port of Milwaukee
Donna Luty
mw/:cargilllse4.58acreccres.doc