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 Chair to sign the Interlocal Agreement with the Board of Regents of the Nevada System of Higher Education, on behalf of the University of Nevada, Las Vegas (UNLV) for UNLV to reconvey Assessor's Parcel Numbers 161-26-801-001 and 161-35-501-001 containing ±69.07 acres of land, known as the Sam Boyd Silver Bowl Stadium (Property) to Clark County (County) and authorize the County to reimburse UNLV in the amount of $5,000,000 for prior maintenance of the Property; and authorize the Director of Real Property Management or her designee to manage the Interlocal Agreement and sign any other documents necessary to complete the transaction. (For possible action)
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FISCAL IMPACT:
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Fund #: |
4370.000 |
Fund Name: |
County Capital Projects |
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Fund Center: |
1120820001 |
Funded PGM/Grant: |
N/A |
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Amount: |
$5,000,000 + 10,000 for closing costs |
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Description: |
RP.G0125013 |
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Additional Comments: |
N/A |
BACKGROUND:
On May 29, 1985, Clark County (County) conveyed Assessor’s Parcel Number 161-26-801-001 and 161-35-501-001 containing ±69.07 acres of vacant land, commonly known as the Sam Boyd Silver Bowl Stadium (Property) to the University of Nevada, Las Vegas (UNLV), at no expense to UNLV with a provision that the Property was to be used exclusively for public purposes with a right of reversion to the County. In 2020, UNLV ceased operations of the Property pursuant to the terms of the 2016 Nevada Legislative Special Session - SB1. This Interlocal Agreement provides for the following:
- The reversion of the Property back to the County.
- The County shall reimbursement UNLV $5,000,000 for prior maintenance expenses
- UNLV shall work with the County and BLM to successfully transfer the patent to the County that encumbers a portion of the Property.
This item was presented to County Long Range Planning Committee on December 11, 2024