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  Item No. 8.       
Meeting Date: 03/11/2021  
COMMITTEE: Legal  
CONTACT: Parker Patterson CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval to authorize Red Mountain Arsenal, LLC, an Amendment of Lease Agreement on Bunker 1112. (Stubbs/Stark)
BACKGROUND:
Initiated by:  Red Mountain Arsenal, LLC 
 
Bunker 1112 has water drainage issues and needs some repair to the dirt berm; Bunker 1111 is currently unleased and Tenant is requesting to lease Bunker 1111; Landlord is willing to lease Bunker 1111 to tenant under the terms of the lease.  
FINANCIAL CONSIDERATION
The proposed amendment will not alter any of the financial terms of the existing Lease Agreement with Red Mountain Arsenal, LLC.
LEGAL REVIEW:
The Legal Department has reviewed the Leases.
 
Leases and other contractual agreements generally require City Council approval.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on February 25, 2021.
STAFF RECOMMENDATION:
Consider approval to authorize Red Mountain Arsenal, LLC, an Amendment of Lease Agreement on Bunker 1112. 
Attachments
ATT 1 Red Mountain


    

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