CITY OF EL PASO, TEXAS
AGENDA ITEM SUMMARY FORM
Details
District 2
Airport, Sam Rodriguez, (915) 212-7301
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PUBLIC HEARING DATE: Click or tap to enter a date.
STRATEGIC GOAL:
Goal 1 - Create an Environment Conducive to Strong Sustainable Economic Development
SUBGOAL: Choose an item.
SUBJECT:
APPROVE a Resolution / Ordinance / lease to do what? OR AUTHORIZE the City Manager to do what? Be descriptive of what we want Council to approve. Include $ amount if applicable.
Title
That the City Manager be authorized to sign a First Amendment and a Lessor's Approval of Assignment for a General Aviation Commercial Ground Lease between the City of El Paso ("Lessor") and TJW Aviation, LLC ("Lessee") for the property described as Parcel 2D being a portion of Lot 2, Block 4, El Paso International Airport Tract Unit 10, City of El Paso, El Paso County, Texas, municipally known and numbered as 1740 American Drive, El Paso Texas. The First Amendment adds three (3) additional ten (10) year options. The Lessor's Approval of Assignment consents to the Assignment of the lease from TJW Aviation, LLC to Elite Medical Air Transport, LLC.
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BACKGROUND / DISCUSSION:
Discussion of the what, why, where, when, and how to enable Council to have reasonably complete description of he contemplated action. This should include attachment of bid tabulation, or ordinance or resolution if appropriate. What are the benefits to the City of this action? What are the citizen concerns?
TJW Aviation, LLC requests the additional options and the Approval of the Assignment of the lease to enable Elite Medical Air Transport, LLC to purchase the building at 1740 American Drive from TJW Aviation, LLC.
PRIOR COUNCIL ACTION:
Has the Council previously considered this item or a closely related one?
Lease - September 1, 2008
Approval of Assignment - May 8, 2012
AMOUNT AND SOURCE OF FUNDING:
How will this item be funded? Has the item been budgeted? If so, identify funding source by amount n...
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