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File #: 200590    Version: 0
Type: Resolution Status: Passed
File created: 9/1/2020 In control: COMMON COUNCIL
On agenda: Final action: 9/22/2020
Effective date:    
Title: Resolution approving Lease Agreement with DeLong Company, Inc.
Sponsors: ALD. BORKOWSKI
Indexes: AGREEMENTS, BOARD OF HARBOR COMMISSIONERS, LEASES
Attachments: 1. DeLonglseccltr.pdf, 2. DeLonglse2020FN.PDF, 3. DeLong lse ccfn Equity Impact Statement.pdf, 4. DeLong Lease2020 Final.pdf

Number

200590

Version

Original

Reference

Sponsor

Alderman Borkowski

Title

Resolution approving Lease Agreement with DeLong Company, Inc.

Analysis

This resolution would approve Lease Agreement with DeLong Company, Inc. for (3) parcels of

real property comprised of 3.95 acres located on Port Milwaukee’s South Harbor Tract.

BODY

 

Whereas, the term of the lease will be Fifteen (15) years commencing November 1, 2020 and ending on October 31, 2035; and

 

Whereas, the lease can be extended for three successive periods of five (5) years each, ending at maximum on October 31, 2050; and

 

Whereas, the Tenant will be permitted to use the property for purpose of receiving, handling, storing, packaging, and delivery of dried distillers grains with solubles or other agribusiness products and commodities; and


Whereas, The Board of Harbor Commissioners at their meeting of August 6, 2020 acted by unanimous vote of the Board to grant such 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 between DeLong Company, Inc. and the City of Milwaukee, by and through its Board of Harbor Commissioners; and, be it 

 

Further Resolved, That the designated officers of said government and of said Board of Harbor Commissioners are hereby authorized and directed to execute an agreement to carry out this purpose, as prepared by the City Attorney's office.

 

Drafter:

Port of Milwaukee

Adam Tindall-Schlicht

                     

DeLonglse3.95ccres.doc