Share to Facebook Share to Twitter Bookmark and Share
File #: 22-1245   
Status: Agenda Ready
File created: 8/23/2022 In control: Clark County Board of Commissioners
On agenda: 9/6/2022 Final action:
Title: Approve and authorize the Director of Aviation to sign the Second Amendment to the Lease Agreement between Clark County and Global Experience Specialists, Inc. (Jeffrey Quade, Executive Vice President); or take other action as appropriate. (For possible action)
Attachments: 1. Staff Report, 2. Global Experience Specialists, Inc. 2nd 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 Second Amendment to the Lease Agreement between Clark County and Global Experience Specialists, Inc. (Jeffrey Quade, Executive Vice President); 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 $1,053,950.28 in annual rent

Description:

Second Amendment to the Lease Agreement

Additional Comments:

N/A

 

BACKGROUND: 

The Clark County Department of Aviation has an existing Lease Agreement (Agreement) with Global Experience Specialists, Inc. (Company) for the construction and operation of a truck and trailer marshaling yard facility at the northwest corner of Sunset Road and Las Vegas Boulevard. This Second Amendment (Amendment) to the Agreement would expand the premises by approximately 4.17 acres for additional truck and trailer marshaling yard development. The Amendment would also secure additional lease revenue by adding two 5-year extension options. Annual rent for each extension option will be based on fair market value established by appraisal.

This Amendment has been approved as to form by the District Attorney's Office. Company currently holds a Clark County Business License.