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  Item No. 34.       
Meeting Date: 05/13/2021  
COMMITTEE: Legal  
CONTACT: Parker Patterson CHAIR: Judy Stubbs

ACTION REQUESTED:
REQUEST
Building 93 Lease - Consider recommending approval of a Lease with the Economic Development Corporation for Building 93 at the RAC. (Stubbs/Stark)
BACKGROUND:
Initiated by: Scott Stark

The Roswell-Chaves County Economic Development Corporation proposes to lease Building 93 at the RAC, consisting of 36,875 square feet, more or less for the purpose of securing and modifying building back to a commercial food grade processing facility, with cold storage food distribution and laboratory operations.
FINANCIAL CONSIDERATION
The EDC will not pay monetary rent to the City pursuant to the Agreement. Consideration for this Lease consists of improvements to Building 93.
LEGAL REVIEW:
The City Attorney has reviewed the proposed Lease Agreement.

Leases and other contractual agreements generally require City Council approval.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended moving item to City Council for recommendations.
STAFF RECOMMENDATION:
Consider recommending approval of a Lease with the Economic Development Corporation for Building 93 at the RAC.
Attachments
ATT 1 Building 93 Lease


    

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