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File #: 100781    Version: 0
Type: Resolution Status: Passed
File created: 11/3/2010 In control: PUBLIC WORKS COMMITTEE
On agenda: Final action: 11/23/2010
Effective date:    
Title: : Resolution approving a lease agreement with South Harbor, LLC.
Sponsors: THE CHAIR
Attachments: 1. Cover Letter, 2. Lease Agreement, 3. Fiscal Analysis, 4. Fiscal Note, 5. Hearing Notice List

Number

100781

Version

Original

Reference

 

Sponsor

The Chair

Title:

Resolution approving a lease agreement with South Harbor, LLC.

Analysis

This resolution would approve a Lease Agreement with South Harbor, LLC for 4.6 acres of property formerly occupied by the Jacobus Energy Company.  The lease agreement is for a 5-year Initial Term with four successive 5-year extension options, which would allow South Harbor to operate a liquid bulk facility for the receipt production, processing, handling, storage, shipping, and distribution of bulk liquid materials and all raw materials, proceeds and ingredients related thereto.

Body:

Resolved, By the Common Council of the City of Milwaukee that said Common Council hereby ratifies and approves the Lease Agreement between the City of Milwaukee, by and through its Board of Harbor Commissioners and South Harbor, LLC for the term January 1, 2011 through December 31, 2015, 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 as prepared by the City Attorney's office.

Drafter

10/15/2010

Port of Milwaukee

Eric Reinelt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

i:shlse4.6acresccres.doc