INTER-OFFICE MEMORANDUM April 7, 2020
TO: Pat Davis, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Second Amendment to the Aerospace Technology Park Facility Lease and Agreement between the City of Albuquerque Aviation Department and the Southwest Aeronautics, Mathematics, and Science Academy ("SAMS")
body
Attached for Council action is a copy of the Second Amendment to an original agreement #201200324 between the City of Albuquerque Aviation Department and the Southwest Aeronautics, Mathematics, and Science Academy ("SAMS") for lease of property at the Double Eagle II Airport.
PURPOSE: This Second Amendment is submitted with mutual agreement between the Aviation Department and SAMS. The rental fee schedule established in the original agreement is not sustainable by SAMS and if not modified, SAMS will seek other leasable space.
SAMS rents a building and grounds at the Double Eagle II Airport as the site of its school campus. SAMS has been an excellent tenant since the inception of the lease in 2011. The SAMS curriculum includes aeronautical courses that emphasize aeronautical careers and training , which benefits greatly from the close proximity to the Double Eagle II Airport. No other rental locations are in close proximity to Double Eagle II Airport, and it behooves both SAMS and the City to maintain this lease arrangement at the reduced rate.
This Second Amendment also updates the original lease agreement bringing it into compliance with required City contract language, and updating required federal civil rights provisions.
TERM: This Second Amendment provides an earlier beginning of the Second Renewal Period, but does not extend the ultimate termination date established in the original agreement, which extends through June 30, 2027.
(Second Amendment to the Aerospace Technology Park Facility Lease and Agreement between the City of Albuquerque Aviation Department and the Southwest Aeronautics, Mathematics, ...
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