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City of Albuquerque
File #: EC-21-319   
Type: Executive Communication Status: Approved
File created: 4/5/2021 In control: City Council
Final action: 4/19/2021
Enactment date: Enactment #:
Title: Ground Lease and Development Agreement between the City of Albuquerque and Theia Group, Inc.
Attachments: 1. EC-319

 

 

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