Regular Items 9.
Legal Committee
- Meeting Date:
- 09/25/2025
COMMITTEE:
Legal
CONTACT:
Hessel Yntema
CHAIR:
Ed Heldenbrand
ACTION REQUESTED:
Consider recommending approval for Cavu, Aerospace, Inc. to enter into a 10-year lease beginning October 1, 2025, and ending September 30, 2035, for Hangar No. 84 at the Roswell Air Center. (Michelle Sanchez)
BACKGROUND:
Initiated by: Michelle Sanchez
Cavu Aerospace, Inc. requests to enter into a 10-year lease for Hangar No. 84, consisting of 43,622 square feet, more or less, located at the Roswell Air Center, commencing on October 1, 2025, and ending September 30, 2035.
Cavu Aerospace, Inc. requests to enter into a 10-year lease for Hangar No. 84, consisting of 43,622 square feet, more or less, located at the Roswell Air Center, commencing on October 1, 2025, and ending September 30, 2035.
FINANCIAL CONSIDERATION:
Tenant agrees to pay the Landlord as rent the sum of one hundred five thousand, one hundred twenty-nine dollars and two cents ($105,129.02), payable in 12 monthly installments of $8,760.75.
LEGAL REVIEW:
City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
Legal Committee will be the first to consider this item.
STAFF RECOMMENDATION:
Staff recommends to proceed as presented.