4. A. 14.
Commissioners Court - Regular
Road District IV - Martin Lease
Tyner Little, Commissioners Court Admin
Commissioners Court Admin
Adopt a Resolution designating approximately 7 (seven) acres of Road District IV property as no longer used for Road District purposes; and discuss and consider approval of Lease Agreement with Martin Operating Partnership, LP, for lease of approximately 7 acres of Road District IV property on Harbor Island; and authorize execution by County Judge on behalf of Road District IV, and related matters.
Commissioners of Road District No. IV will adjourn.
Nueces County Commissioners Court will reconvene.
The current Martin Midstream lease will expire January 31, 2015. This is the Road District IV property located on Harbor Island. The proposed lease is for an initial five-year term plus four renewable five-year terms, or a maximum of twenty five (25) years. The initial annual lease rate is $103,200 payable in advance, with annual CPI adjustments thereafter.
Information about available funds
Funds NOT Available:
Account Code(s) for Available Funds
Resolution - Road District IV Property
Exhibit A - Martin Lease
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