Port tenant faces deadline
MORGAN CITY, La. —Port of Morgan City tenant Inmobilaria Lamol has until Monday to accept or reject the Morgan City Harbor and Terminal District commission’s offer to keep the tenant’s rent at the same rate if it agrees to give up use of property it currently occupies, Port of Morgan City Executive Director Jerry Hoffpauir said.
The port is offering to amend its lease agreement with Inmobilaria Lamol LLC to keep its monthly rate 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, Hoffpauir said.
Inmobilaria Lamol has until Monday to accept or reject the commission’s offer, Hoffpauir said. Inmobilaria Lamol has not responded yet to the letter the commission sent.
Inmobilaria Lamol had sent a letter to the Morgan City Harbor and Terminal District 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 a special meeting Friday.
If the company rejects the commission’s offer, then the rent will go up to the previously scheduled $53,000 per month, Hoffpauir said.
When Inmobilaria Lamol became the port tenant in December 2012, the lease agreement with the port stipulated 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.