City of Milwaukee - File #: 090351

• File #: 090351
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/7/2009
• In control: PUBLIC WORKS COMMITTEE
• Final action: 10/13/2009
• Title: : Substitute resolution approving Amendment to and Extension of Lease Agreement with Jacobus Energy, Inc.
• Sponsors: ALD. BAUMAN
• Indexes: AGREEMENTS, LEASES, PORT OF MILWAUKEE

Date	Ver.	Action By	Action	Result	Tally
10/19/2009	1	MAYOR	SIGNED
10/13/2009	1	COMMON COUNCIL	ADOPTED	Pass	15:0
9/30/2009	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual present: Eric Reinelt, Director, Port of Milwaukee	Pass	5:0
9/25/2009	1	CITY CLERK	DRAFT SUBMITTED
9/24/2009	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/10/2009	0	PUBLIC WORKS COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:0
9/4/2009	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/4/2009	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
7/7/2009	0	COMMON COUNCIL	ASSIGNED TO

Number

090351

Version

Substitute 1

Reference

Jacobus Energy, Inc.

Sponsor

Ald. Bauman

Title:

Substitute resolution approving Amendment to and Extension of Lease Agreement with Jacobus Energy, Inc.

Analysis

This resolution would approve Amendment to and Extension of Lease Agreement with Jacobus Energy, Inc for a period of three (3) years for real property located on South Harbor Drive at the Port of Milwaukee commencing January 1, 2009 and terminating December 31, 2011.

Body:

Whereas, Jacobus Energy has been a long term tenant in good standing with the Port of Milwaukee; and

Whereas, The Tenant is returning to the City as bare ground approximately 5.4 acres of the original leasehold during 2009; and

Whereas, The Tenant has requested an additional lease extension for three (3) years for the remaining 4.6 acres that were originally within the coverage of the Lease Agreement; and

Whereas, The City and the Tenant have agreed to extend the term of the Lease Agreement as further specified in this Amendment to and Extension of Lease Agreement; 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 with Jacobus Energy, Inc. with the City of Milwaukee, by and through its Board of Harbor Commissioners.

Requester

Port of Milwaukee

Drafter

Eric C. Reinelt

9/24/2009

i:jacobus3yrext09ccres.doc