HomeMy Public PortalAboutR1960ÁÁÃ*ÔR E S O L U T I O N NO. 1960•ƒ
WHEREAS, The Metropolitan St. Louis Sewer District (the
"District") is empowered by Plan Section 3.020(12) to enter into
contracts, and
WHEREAS, the public interest is served when the
District leases real property which is not presently necessary to
its operation, and
WHEREAS, heretofore the provisions of Resolution No.
1893, adopted May 10, 1989 governed the lease of real estate, and
WHEREAS, Resolution No. 1893 has been repealed by
Resolution No. 1959
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT THE FOLLOWING
PROCEDURE IS HEREBY PRESCRIBED FOR THE LEASE OF REAL PROPERTY
OWNED BY THE DISTRICT:
1. When the Executive Director determines that real
property is not presently necessary to the District's operation,
an appraisal of its fair market lease value will be obtained from
an independent, disinterested real estate appraiser who is a
member of the American Institute of Real Estate Appraiser(s) who,
when required, is licensed and/or certified by the State of
Missouri.
2. The property shall be leased for any legal and
legitimate purpose which is compatible with the District's
contemplated future use of the property, upon such terms and
conditions as are prescribed by the District. ÜhÜŒ 3. The
District shall advertise the property for lease
in a newspaper of general circulation within the District; said
advertisement may be published periodically (but not less than
two times) until such time as a lessee for the property is
obtained. The District may also cause the same notice to be
mailed or delivered to anyone the District believes is interested
in leasing the property.
4. In the event a lease of the property is not
obtained within a reasonable period of time (as determined by the
Executive Director) the District may employ the services of a
licensed and qualified real estate broker to obtain a lease and
may pay said broker for the usual and customary brokerage fee.
5. The District reserves the right to cancel all
leases, upon proper notification to the lessee, at any time that
the property becomes necessary to the operation of the District.
6. If the District is unable to lease the property for
its appraised leased value then the District may negotiate with
interested parties to lease the property at a lesser amount.
7. All leases of real property by the District shall
be authorized by an ordinance duly adopted by the Board of
Trustees.
The foregoing Resolution was adopted December 12, 1990.