CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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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 Boeing Business District Lease Agreement by and between the City of El Paso ("Lessor") and Chenausky Property and Investments, LLC ("Lessee"), for an general aviation ground lease comprising of approximately 0.689 acres, or 30,013 square feet municipally known and numbered as 7309 Boeing Drive El Paso, Texas.
The forty (40) year initial term begins on August 30, 2022 ("Effective Date") and ends on August 29, 2062. The annual rental fee is $13,199.72 or $1,099.98 per month. There is one option to extend the lease for an additional ten (10) years that can be exercised with a 180-day notice to the Lessor.
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