Morgan City Harbor and Terminal District Board Meeting Minutes June 2025
Lease With City of Morgan City Amended and Extended
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Description
The Board approved amending and extending its lease with the City of Morgan City to run through May 31, 2031 with additional renewal options. The lease changes support continued industrial use and subleasing to Valence Drilling Fluids, LLC.
Contract Details
Vendor
CITY OF MORGAN CITY
Agency
Morgan City Harbor And Terminal District, LA
Contract Type
FACILITIES
Document Date
June 9, 2025
Contract Term
Lease expiration extended to May 31, 2031 with additional renewal terms
Renewal Date
2031-05-31
Renewal Info
Lease next option term expiration reset to May 31, 2031 with additional renewal terms aligned to adjacent Y&Y Realty property; precise renewal schedule not fully detailed in the minutes.
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APPROVEDIssuing Agency
Morgan City Harbor And Terminal District
Special District
Morgan City, LA
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