February 14, 2019
INTER-OFFICE MEMORANDUM
TO: Klarissa Peña, City Council President
FROM: Timothy M. Keller, Mayor
SUBJECT: title
First Amendment to Lease Agreement between the City of Albuquerque and National Railroad Passenger Corporation (AMTRAK)
body
The City and AMTRAK entered into a lease agreement for the “Curio Building” at the Alvarado Transportation Center on March 24, 2009. The original agreement was for a ten (10) year term, with mutually agreeable extensions, for $1.00 per term.
The City and AMTRAK wish to extend the lease five (5) years, through March 22, 2024. Additionally, the City wishes to provide the lessee with an additional two (2) five (5) year extension terms. The first extension term and all additional extension terms shall be on the same terms and conditions as set forth in the Lease unless otherwise modified in writing by the parties.
The Curio Building is leased to AMTRAK for the operation of a rail passenger station and business operations, primarily for related mail, package, baggage, and express services and office, mechanical and/or engineering facilities, connecting bus service and operations incidental to AMTRAK’s business. AMTRAK shall be solely responsible for the premises, including heating and cooling systems, janitorial and maintenance services.
This Amendment is forwarded to City Council for approval.
Title/Subject of Legislation: First Amendment to Lease Agreement between the City of Albuquerque and National Railroad Passenger Corporation (AMTRAK)
Approved:
Sarita Nair Date
Chief Administrative Officer
Recommended:
___________________________
Bernard R. Toon Date
Director, Transit