Port sends default letter to tenant
MORGAN CITY, La. — Port tenant Inmobilaria Lamol LLC failed to respond by Monday to the Morgan City Harbor and Terminal District commission’s offer to keep its rent at $10,000 per month for six months if it agrees to give up use of some of the property it occupies at the port, Port of Morgan City Executive Director Jerry Hoffpauir said.
The port sent a letter of default Monday to Inmobilaria Lamol, which has until July 18 to respond, Hoffpauir said.
Port of Morgan City Attorney Gerard Bourgeois would not comment on what would happen if Inmobilaria Lamol does not respond to the letter of default by July 18, but he did say the item will be discussed at the port meeting on Monday.
The port commission sent a letter to Inmobilaria Lamol after a special meeting on June 28 offering to amend its lease agreement with Inmobilaria Lamol to keep its monthly rent at $10,000 through Dec. 31 if the company turns over use of property it occupies across the street from the port office on Youngs Road and a section at the port formerly occupied by Baker Hughes.
If the tenant rejects the commission’s offer, then the rent will go up to the previously scheduled $53,000 per month.
Inmobilaria Lamol had until Monday to accept or reject the commission’s offer but did not respond, Hoffpauir said.
Inmobilaria Lamol had sent a letter to the port commission requesting to keep its $10,000 per month rent the same for another six months without conceding its use of any property at the port. The port commission rejected that request at the special meeting on June 28.
When Inmobilaria Lamol became the port tenant in December 2012, the lease agreement with the port stated that Inmobilaria Lamol would pay the port $10,000 per month for the first six months, and then $53,000 per month after that.
The contract is for five years with one five-year option to renew the contract at the end of the first five years.