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NOTICE OF PROPOSED ADOPTION OF ORDINANCE

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NOTICE OF PROPOSED ADOPTION OF ORDINANCE
The Board of Aldermen of the City of Grambling shall meet on the 3rd day of November, 2011 at 6:00 o'clock p.m. in the Council Chambers, City Hall, Grambling, LA, to consider the adoption of the following ordinance.
AN ORDINANCE OF THE CITY OF GRAMBLING TO DECLARE PROPERTY AS SURPLUS AND TO AUTHORIZE SALE OF SAID SURPLUS PROPERTY.
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. In order to accomplish the sale of the surplus lease agreement, 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 3. A public hearing will be held on said ordinance on November 3, 2011 at 5:30 p.m. in the Council Chambers. Copies of the proposed Ordinance are available for a nominal fee in the Office of the City Clerk, City Hall, Grambling, LA.
3td: October 13, 20, & 27, 2011.

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