File #: 22-1101    Version: 1 Name:
Type: Resolutions Status: Agenda Ready
File created: 8/22/2022 In control: City Council
On agenda: 8/30/2022 Final action:
Title: That the City Manager be authorized to sign a Fourth Amendment to a Fuel Site Lease Agreement between the City of El Paso ("Lessor") and Southwest Airlines Co. ("Lessee") for approximately 42,640 square feet of Airport?owned property used for fuel storage and a 1,000 square foot maintenance facility located at 7619 Boeing Dr., El Paso Texas. Annual Rental Fees: 42,640 SF x $0.60 per SF per annum = $25,584.00. No rental adjustment is due at this time. This Fourth Amendment adds a one-year extension to the term of the lease, which would then expire on August 31, 2023.
Attachments: 1. 4TH AMENDMENT FUEL SITE LEASE AGMT 7619 BOEING DRIVE
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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 Fourth Amendment to a Fuel Site Lease Agreement between the City of El Paso ("Lessor") and Southwest Airlines Co. ("Lessee") for approximately 42,640 square feet of Airport-owned property used for fuel storage and a 1,000 square foot maintenance facility located at 7619 Boeing Dr., El Paso Texas.

 

Annual Rental Fees: 42,640 SF x $0.60 per SF per annum = $25,584.00. No rental adjustment is due at this time. This Fourth Amendment adds a one-year extension to the term of the lease, which would then expire on August 31, 2023.

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