Regular City Council Meeting
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Item No. 10.
Consider approval to authorize Eastern New Mexico University – Roswell, to renew their current lease agreement on use of an area of land at the Old Airport.
Eastern New Mexico University – Roswell, leases the part of old runway 17/35 at the old Roswell Municipal Airport for the purpose of CDL training. New monthly rent is $129 monthly; $1,548 annually. Rent adjustment is 2.5%. Eastern New Mexico University – Roswell has been a customer since February 2012.
Eastern New Mexico University – Roswell, new monthly rent is $129; $1,548 annually. Rent adjustment is 2.5%. Term: March 1, 2019 through February 29, 2020.
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on January 31, 2019.
Consider approval of the lease as presented.
Eastern New Mexico University
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