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  Item No. 10.       
Meeting Date: 02/14/2019  
COMMITTEE: Legal  
CONTACT: Aaron Holloman CHAIR: Judy Stubbs

ACTION REQUESTED:
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. 
BACKGROUND:
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.
FINANCIAL CONSIDERATION
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.
LEGAL REVIEW:
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.
STAFF RECOMMENDATION:
Consider approval of the lease as presented.
Attachments
Eastern New Mexico University


    

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