INTER-OFFICE MEMORANDUM March 30, 2021
TO: Cynthia Borrego, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Ground Lease and Development Agreement between the City of Albuquerque and Theia Group, Inc.
body
Attached for consideration and action by City Council is a copy of a Ground Lease and Development Agreement (“Agreement”) between the City of Albuquerque and Theia Group, Inc. (“TGI”). Council approval of the Agreement is sought to allow the City to contract with TGI, and to allow TGI to lease and develop 114.52 acres of Aviation Department property.
Holdover action is requested to allow for approval of this Agreement at the April 19, 2021, City Council meeting.
Approved: Approved as to Legal Form:
____________________________ ____________________________
Sarita Nair Date Esteban A. Aguilar, Jr. Date
Chief Administrative Officer City Attorney
Recommended: Approved:
____________________________ ____________________________
Nyika A. Allen, C.M. Date Kevin E. Noel Date
Director of Aviation Executive Budget Analyst