CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
Petitioner:
Rosemary A. Vassiliadis, Director of Aviation
Recommendation:
title
Approve and authorize the Director of Aviation to sign the First Amendment to the Lease Agreement between Clark County and MCM Development I, LLC (James Howard, Authorized Signatory); or take other action as appropriate. (For possible action)
body
FISCAL IMPACT:
Fund #:
5201.701
Fund Name:
LAS Unrestricted Operations
Fund Center:
2200400050
Funded PGM/Grant:
N/A
Amount:
County will receive 50% of net revenue
Description:
First Amendment to Lease Agreement
Additional Comments:
BACKGROUND:
The Clark County Department of Aviation has an existing Lease Agreement (Agreement) with MCM Development I, LLC (Company) for the development of commercial facilities on ± 5.13 acres of land (Retail Pad B-8) in the shopping center located at the southwest corner of Eastern Avenue and Russell Road, known as the McCarran Marketplace. This First Amendment (Amendment) to the Agreement authorizes an extension to December 31, 2025, to complete construction of Retail Pad B-8.This Amendment has been approved as to form by the District Attorney's Office. Company currently holds a Clark County Business License.