File #: 23-1588   
Status: Agenda Ready
File created: 11/8/2023 In control: Clark County Board of Commissioners
On agenda: 11/21/2023 Final action:
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)
Attachments: 1. Staff Report, 2. MCM Development I, LLC First Amendment

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:

N/A

 

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.