CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Shauna Bradley, Director of Real Property Management |
Recommendation:
title
Approve and authorize the Director of Real Property Management or her designee to sign Amendment I to Lease Agreement between Clark County and 326FW 8me LLC & 328CH 8me LLC dba Avantus, to provide a termination provision; and sign any other documents necessary for the transaction and management of the lease. (For possible action)
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FISCAL IMPACT:
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Fund #: |
2340.000 |
Fund Name: |
Fort Mojave Valley Development Fund |
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Fund Center: |
1080718000 |
Funded PGM/Grant: |
N/A |
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Amount: |
N/A |
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Description: |
N/A |
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Additional Comments: |
N/A |
BACKGROUND:
On November 19, 2019, 8Minute Energy was the highest bidder at the public auction for an Option Agreement to Lease Real Property for ±4,225 acres of vacant land (APNs 265-00-001-010, 265-00-001-012, 266-00-001-001, 266-00-001-009, 266-00-001-010 and portions of 265-00-001-013, 265-00-001-043, 265-00-002-001, 266-00-002-002 and 266-00-002-003) located westerly of the Needles Highway and Aha Macav Parkway, Laughlin, Nevada (Property).
On January 22, 2024, the successor-in-interest excercised their option and executed the Lease Agreement for the Property (Lease). This Amendment I to Lease Agreement (Amendment) will provide for a termination of the Lease effective upon the day the Property is offered for auction, set for December 16, 2025. In the event the Property is withdrawn from the auction or there is no winning bidder, the termination will be deemed null and void.
This item was presented to the Clark County's Long Range Planning Committee on October 23, 2025.