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Item No. 34.
Building 93 Lease - Consider recommending approval of a Lease with the Economic Development Corporation for Building 93 at the RAC. (Stubbs/Stark)
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.
The EDC will not pay monetary rent to the City pursuant to the Agreement. Consideration for this Lease consists of improvements to Building 93.
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.
Consider recommending approval of a Lease with the Economic Development Corporation for Building 93 at the RAC.
ATT 1 Building 93 Lease
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