ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
Regular Items 26.
Finance Committee - NEW
- Meeting Date:
- 02/06/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Consider recommending license agreement, or agreement substantially similar to that presented, between Reno Air Racing Association (RARA) and City of Roswell (COR). (Yntema)
BACKGROUND:
Initiated by: Administration
Last year the City and RARA entered into an memorandum (MOU) regarding ROW hosting RARA NCAR events. This license agreement fills in the gaps of and effectuates the binding portions of that MOU.
Last year the City and RARA entered into an memorandum (MOU) regarding ROW hosting RARA NCAR events. This license agreement fills in the gaps of and effectuates the binding portions of that MOU.
FINANCIAL CONSIDERATION:
The proposed Ordinance creates no new financial obligations for the City. The City gains significant new revenue from the agreement.
LEGAL REVIEW:
Co-drafted by the City Attorney.
BOARD AND COMMITTEE ACTION:
Legal Committee referred to the Finance Committee at their January 30, 2025. Voice vote 5-0.
STAFF RECOMMENDATION:
Approve license agreement, or agreement substantially similar to that presented, between Reno Air Racing Association (RARA) and City of Roswell (COR).