Title
Incorporated County Of Los Alamos Ordinance No. 695; AN ORDINANCE ADOPTING AN ECONOMIC DEVELOPMENT PROJECT FOR PUBLIC SUPPORT OF TNJLA LLC., A NEW MEXICO CORPORATION
Suggested Motion
I move that Council approve Incorporated County of Los Alamos Ordinance No. 695; AN ORDINANCE ADOPTING AN ECONOMIC DEVELOPMENT PROJECT FOR PUBLIC SUPPORT OF TNJLA LLC., A NEW MEXICO CORPORATION
County Manager's Recommendation
The County Manager recommends Council approval of this Ordinance
Body
On June 9, 2009 the Council approved Incorporated County of Los Alamos Ordinance No. 543 which amended and restated the County's Economic Development Plan in compliance with the New Mexico Local Economic Development Act (LEDA). Based upon the guidelines within this program the applicant, TNJLA LLC., submitted the required materials for consideration of support.
TNJLA is a New Mexico corporation located in Albuquerque, NM. TNJLA is one of several LLAC’s that are owned and operated by Tushar Patel and associates, a family run small business. They have many other hotel properties in New Mexico and this would be their first investment in Los Alamos County. TNJLA has made the request for the donation of the County land so that they can develop a new 86 room extended stay hotel with an event center that accommodates 250-300 people banquet style in Los Alamos.
The requested public support is a grant of County owned parcels of land: on 20th Street Extension; Lots 1C, 2C, 3C, 4C, 5C, and 6C which has the “Smart House” located on it. The total acreage is approximately 3.0204 acres.
Los Alamos County has been seeking an “event” space for more than 20 years. The concept of “event” or “conference” space appears in many of the County’s strategic plans, including the Comprehensive Plan (2016); the Tourism Strategic Plan (2018) and the Economic Vitality Action Plan (in both plans 2010 and 2019). Approximately 8 years ago the County considered contributing as much as $6 million to a hotel and ...
Click here for full text