INTER-OFFICE MEMORANDUM July 22 2021
TO: Cynthia Borrego, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Building Lease and Agreement between the City of Albuquerque and ADACEN, LLC
body
Purpose: The Building Lease and Agreement will allow ADACEN, LLC to lease a ten thousand (10,000) square foot building located at 3500 Access Road C SE from the Aviation Division for use as office and administrative space. The Building Lease and Agreement has a five (5) year initial term with renewal options for a total of ten (10) years. The first-year rent will total Thirty-six Thousand Six Hundred and No/100 Dollars ($36,600.00), and will be adjusted each year throughout the term of the agreement.
The attached transmittal of the Building Lease and Agreement is submitted for consideration and action by the City Council.
Approved: Approved as to Legal Form:
____________________________ ____________________________
Sarita Nair Date Esteban A. Aguilar, Jr. Date
Chief Administrative Officer City Attorney
Recommended: Approved:
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Nyika A. Allen, C.M. Date Kevin E. Noel Date
Director of Aviation Executive Budget Analyst