File #: TMP-1483   
Type: Ordinance Status: Regular Agenda
File created: 11/19/2025 In control: City Council
On agenda: 11/20/2025 Final action:
Title: CAL. NO. 35,307 - BY: COUNCILMEMBER KING (BY REQUEST) Brief: An Ordinance to authorize the Mayor of the City of New Orleans to enter into this Amendment No. 1 to previously executed lease agreement, between the City of New Orleans (“Lessor”) and Touro Shakspeare Revitalization Company LLC, a Louisiana Limited Liability Company (“Lessee”), for the lease of City-owned property, to wit: a certain portion of ground together with all buildings and improvements thereon situated in the Parish of Orleans, Fifth Municipal District, Square 5, Part 9 or Lot A (as part of a subdivision of Arpents 14 and 15), formerly known as the Touro Shakspeare Home, and which improvements bear the municipal address of 2621 General Meyer Avenue, New Orleans, Louisiana 70114 (the “Leased Premises”), desire to (i) acknowledge completion of the Stabilization, (ii) acknowledge the Financing obtained from the Leasehold Mortgages in connection with the Renovation, and (iii) amend the legal description of the Leased ...
Attachments: 1. 35307

Title

CAL. NO. 35,307 - BY: COUNCILMEMBER KING (BY REQUEST)

 

Brief:

An Ordinance to authorize the Mayor of the City of New Orleans to enter into this Amendment No. 1 to previously executed lease agreement,  between the City of New Orleans (“Lessor”) and Touro Shakspeare Revitalization Company LLC, a Louisiana Limited Liability Company (“Lessee”), for the lease of City-owned property, to wit: a certain portion of ground together with all buildings and improvements thereon situated in the Parish of Orleans, Fifth Municipal District, Square 5, Part 9 or Lot A (as part of a subdivision of Arpents 14 and 15), formerly known as the Touro Shakspeare Home, and which improvements bear the municipal address of 2621 General Meyer Avenue, New Orleans, Louisiana 70114 (the “Leased Premises”), desire to (i) acknowledge completion of the Stabilization, (ii) acknowledge the Financing obtained from the Leasehold Mortgages in connection with the Renovation, and (iii) amend the legal description of the Leased Premises contained therein, as more fully set forth in the Amendment No. 1 as Exhibit “1”; and otherwise to provide with respect thereto.

 

Annotation:

(This matter was introduced on 11/13/25).