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MS SB2982
Bill
AI Summary
- Authorizes the City of Newton, Mississippi governing authorities to enter into a long-term agreement with a company to purchase the existing lease of the city's water tower
- Company is authorized to collect rent for leased space on the tower and seek tenants for available space, with a commission retained by the company
- Agreement term shall not exceed 40 years
- City may include an easement over city property for access to the tower for the duration of the agreement
- Effective upon passage
Legislative Description
City of Newton; authorize a long-term agreement regarding the lease of space on the city's water tower.
Last Action
Approved by Governor
3/28/2014
Committee Referrals
Local and Private Legislation3/13/2014
Local and Private3/6/2014
Full Bill Text
No bill text available