File #: 23-379    Version: 1 Name:
Type: Resolutions Status: Agenda Ready
File created: 3/15/2023 In control: City Council
On agenda: 3/28/2023 Final action:
Title: That the City Manager be authorized to sign a Butterfield Trail Industrial Park Ground Lease by and between the City of El Paso ("Lessor") and 60 Walter Jones Blvd., LLC ("Lessee") for the following described property: Approximately 219,357.45 square feet of land being a portion of Lot 1, Block 15, Butterfield Trail Industrial Park, Unit Three, a subdivision of record in volume 0060 page 0060, filed October 3, 1985, in the Official Public Records of El Paso County Texas, City of El Paso, El Paso County, Texas. The initial term for this agreement is 40 years with one option to extend for one additional term of 10 years. The rent for the initial term is $52,492.24 annually.
Attachments: 1. 60 Walter Jones, 2. CC #3 - Ground Lease 60 Walter Jones Blvd, LLC, 3. 3-28-23 Fully Executed Ground Lease
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CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:

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Details

District 3

Airport, Sam Rodriguez, (915) 212-7301

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AGENDA LANGUAGE:

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Title

That the City Manager be authorized to sign a Butterfield Trail Industrial Park Ground Lease by and between the City of El Paso ("Lessor") and 60 Walter Jones Blvd., LLC ("Lessee") for the following described property: Approximately 219,357.45 square feet of land being a portion of Lot 1, Block 15, Butterfield Trail Industrial Park, Unit Three, a subdivision of record in volume 0060 page 0060, filed October 3, 1985, in the Official Public Records of El Paso County Texas, City of El Paso, El Paso County, Texas.

 

The initial term for this agreement is 40 years with one option to extend for one additional term of 10 years. The rent for the initial term is $52,492.24 annually.

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