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File #: 21-1275    Version: 1 Name:
Type: Resolutions Status: Agenda Ready
File created: 11/2/2021 In control: City Council
On agenda: 11/9/2021 Final action:
Title: A Resolution to authorize the City Manager to sign an Air Cargo Building Lease Agreement between the City of El Paso ("Lessor") and Swissport SAUSA, LLC, a Delaware Limited Liability Company ("Lessee"), for office and warehouse space, loading dock, round service equipment parking apron and vehicle parking area, at 6415 Convair Road, El Paso, Texas, in Air Cargo Center Building #2. The annual rental fees are $120,156.78 and the lease effective date will be November 9, 2021. The initial term of this lease is of one (1) year plus four (4) automatic options of one (1) year each. The initial annual rent is $120,156.78, which is the same rate under the recently expired lease. The rental fee will be adjusted at the exercise of the first option on November 9, 2022.
Attachments: 1. Packet - Air Cargo Bldg Lease Swissport eff 11-09-2021 - 11-09-2021
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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

A Resolution to authorize the City Manager to sign an Air Cargo Building Lease Agreement between the City of El Paso (“Lessor”) and Swissport SAUSA, LLC, a Delaware Limited Liability Company (“Lessee”), for office and warehouse space, loading dock, round service equipment parking apron and vehicle parking area, at 6415 Convair Road, El Paso, Texas, in Air Cargo Center Building #2.  The annual rental fees are $120,156.78 and the lease effective date will be November 9, 2021.

 

The initial term of this lease is of one (1) year plus four (4) automatic options of one (1) year each. The initial annual rent is $120,156.78, which is the same rate under the recently expired lease. The rental fee will be adjusted at the exercise of the first option on November 9, 2022.      

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