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AI- 4174   4. A. 4.    
Commissioners Court - Regular
Meeting Date: 03/13/2013  
Boll Weevil Eradication Foundation - Lease Agreement
Submitted By: Steve Waterman, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider execution of a lease agreement between Nueces County and the Texas Boll Weevil Eradication Foundation, Inc., for use of the Armory Building located on the old Showbarn Tract.
BACKGROUND
 The Texas Boll Weevil Eradication Foundation, Inc. has been leasing the Armory Building and adjacent parking area since April 30, 2008.  In February, 2012 the Agreement was amended to include an additional 119-foot strip of parking area adjacent to the original parking area.  The original agreement was for three years plus the option to renew the lease two times on an annual basis.
DISCUSSION
This renews the lease agreement with Texas Boll Weevil Eradication Foundation, Inc. for three years plus an option to renew the lease two times on an annual basis.  The monthly rent is $3,250.00 for the first twelve months.  The monthly rent amount will be adjusted annually for any increase in the Consumer Price Index.

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
Boll Weevil Lease
Attachment A-1
Attachment B

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