Regular Items 12.
Legal Committee
- Meeting Date:
- 06/26/2025
COMMITTEE:
Legal
CONTACT:
Hessel Yntema
CHAIR:
Ed Heldenbrand
ACTION REQUESTED:
Consider recommending approval to authorize Red Mountain Arsenal LLC to enter into a 1-year lease agreement beginning June 1, 2025, and ending May 31, 2026, for Building 60 at the Roswell Air Center. (Michelle Sanchez)
BACKGROUND:
Initiated by: Michelle Sanchez
Red Mountain Arsenal LLC requests to enter into a 1-year lease for Building 60 and consists of 8,770 square feet, more or less, and an area of land consisting of 74,000 square feet, more or less, located at the Roswell Air Center.
Red Mountain Arsenal LLC requests to enter into a 1-year lease for Building 60 and consists of 8,770 square feet, more or less, and an area of land consisting of 74,000 square feet, more or less, located at the Roswell Air Center.
FINANCIAL CONSIDERATION:
Tenant agrees to pay to City as rent the sum of forty-four thousand, five hundred fifty-four and twenty cents ($44,554.20), payable in 12 monthly installments of $3,712.85 the first year of the Lease.
LEGAL REVIEW:
Legal has reviewed the lease.
BOARD AND COMMITTEE ACTION:
Legal committee is the first to consider this item.
STAFF RECOMMENDATION:
Proceed as presented.