Regular Items 18.
Legal Committee
- Meeting Date:
- 05/28/2026
COMMITTEE:
Legal
CONTACT:
C. Josh Nairn-Mahan
CHAIR:
Will Cavin
ACTION REQUESTED:
Consider recommending approval of Red Mountain Arsenal LLC to enter into a 1-year lease beginning June 1, 2026, and ending May 31, 2027, for building 60 at the Roswell Air Center. (Sanchez)
BACKGROUND:
Initiated by: Michelle Sanchez
Red Mountain requests to enter into a 1-year lease of Building 60, consisting of 74,000 square feet, more or less, located at the Roswell Air Center, commencing on June 1, 2026, and ending May 31, 2027.
Red Mountain requests to enter into a 1-year lease of Building 60, consisting of 74,000 square feet, more or less, located at the Roswell Air Center, commencing on June 1, 2026, and ending May 31, 2027.
FINANCIAL CONSIDERATION:
See Fiscal Impact below.
Tenant agrees to pay forty-five thousand eight hundred ninety dollars and eighty-eight cents ($45,890.88), payable in 12 monthly installments of $3,824.24.
Tenant agrees to pay forty-five thousand eight hundred ninety dollars and eighty-eight cents ($45,890.88), payable in 12 monthly installments of $3,824.24.
LEGAL REVIEW:
Contract to be reviewed by the Legal Department upon approval:
BOARD AND COMMITTEE ACTION:
Legal Committee will be the first to consider this item.
STAFF RECOMMENDATION:
Proceed as presented.