INTER-OFFICE MEMORANDUM October 30, 2020
TO: Pat Davis, City Council President
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Lease Agreement between the Albuquerque Hispano Chamber of Commerce and the City of Albuquerque
body
The City of Albuquerque’s Economic Development Department wishes to lease office space from the Albuquerque Hispano Chamber of Commerce located at 1309 4th Street SW for Minority Business Development Agency (“MBDA”) New Mexico Business Center. The Center will serve mid-sized companies, defined as those with $1 million or more in annual gross revenue, and aspiring mid-size companies with $500,000 or more in revenue that are pursuing growth and will serve all MBDA-eligible minority business enterprises (MBE’s). The Center will focus client recruitment and contract opportunity identification on priority high growth sectors for the state such as biosciences, aerospace and drone technology, energy, defense, construction, healthcare, optics and photonics, cybersecurity, advanced manufacturing, and film and television.
The proposed Lease Agreement is for a nine (9) month period and an additional one (1) year period option to renew. The proposed monthly rent is $1,083.33 for a total of $9,749.97 for nine (9) months.
This Lease Agreement is forwarded to City Council for approval.
Title/Subject of Legislation: Lease Agreement between the Albuquerque Hispano Chamber of Commerce, and the City of Albuquerque
Approved:
Sarita Nair Date
Chief Administrative Officer
Recommended:
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Synthia R. Jaramillo Date
Director, Economic Development Department