CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Shauna Bradley, Director of Real Property Management |
Recommendation:
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Approve the First Amendment to Lease Agreement (First Amendment) between Clark County (County) and Majestic EJM Arroyo IV LLC (Maj EJM IV) to revise the legal description of the leased premises to reflect the property lines established with the parcel map recorded during the design of the adjacent commercial development; and authorize the Director of Real Property Management or designee to execute the First Amendment and other related documents. (For possible action)
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FISCAL IMPACT:
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BACKGROUND:
On January 2, 2001, the Board of County Commissioners (Board) approved a Lease Option Agreement between the County and Rainbow Beltway LLC for the development, construction, and operation of commercial facilities on approximately 250 acres of County-owned land within the Cooperative Management Area. On December 6, 2022, the Board approved a Lease Agreement between the County and Maj EJM IV for approximately 36.94 acres of the option property on portions of former Assessor's Parcel Numbers 176-03-201-010, 176-03-301-003 and 004, generally located at the northwest corner of Badura Avenue and Tenaya Way. On February 20, 2025, a parcel map was recorded during design of the adjacent commercial development and established new parcel property lines. The leased premises for Maj EJM IV now consists of approximately 40.48 acres of County-owned land now known as Assessor's Parcel Number 177-03-201-017.
An amendment to the Lease Agreement is required to revise the legal description of the leased premises to accommodate the recordation of the parcel map. Staff is requesting approval of the First Amendment.
This item was presented to the County Long Range Planning Committee on August 26, 2026.