Regular Items 14.
Legal Committee
- Meeting Date:
- 03/27/2025
COMMITTEE:
Legal
CONTACT:
Hessel Yntema
CHAIR:
Ed Heldenbrand
ACTION REQUESTED:
Consider recommending approval to authorize NM Youth Challenge to enter a 30-year lease agreement due to the significant valued activities to our community and airport therefore this is an in-kind lease which meets the criteria of the FAA. (Michelle Sanchez)
BACKGROUND:
Initiated by: Michelle Sanchez
NM Youth Challenge requests to enter a ten (10) year lease for building 607 consisting of 25,102 square feet and building 610, consisting of 11,667 square feet of useable space, more or less, located at the Roswell Air Center, commencing April 1, 2024, and ending March 31, 2025.
NM Youth Challenge requests to enter a ten (10) year lease for building 607 consisting of 25,102 square feet and building 610, consisting of 11,667 square feet of useable space, more or less, located at the Roswell Air Center, commencing April 1, 2024, and ending March 31, 2025.
FINANCIAL CONSIDERATION:
Tenant agrees to pay to Landlord as annual rent for building 607 and 610 the sum of ($4.00)
LEGAL REVIEW:
Leases have been sent to City Attorney for review.
BOARD AND COMMITTEE ACTION:
The Legal Committee will be first to consider this item.
STAFF RECOMMENDATION:
Consider recommending approval to authorize NM Youth Challenge to enter a 30-year lease agreement due to the significant valued activities to our community and airport therefore this is an in-kind lease which meets the criteria of the FAA.