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  Item No. 11.       
Meeting Date: 02/13/2020  
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 the use of an area of land at the old Airport.
BACKGROUND:
Initiated by:  Scott Stark/Mark Bleth
 
Eastern New Mexico University – Roswell, leases part of old runway 17/35 at the old Roswell Municipal Airport for the purpose of CDL training. New rent amount is $130 monthly; $1,560 annually. Rent adjustment is 3%. Eastern New Mexico University – Roswell has been a customer since February 2012.
FINANCIAL CONSIDERATION
Eastern New Mexico University – Roswell, new rent amount is $130 monthly; $1,560 annually. Rent adjustment is 3%. Term: March 1, 2020 through February 28, 2021.
LEGAL REVIEW:
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended approval (4-0) at their meeting on January 23, 2020.
STAFF RECOMMENDATION:
Consider approval of the lease as presented.
Attachments
ATT 1 ENMU-R Lease


    

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