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
Recommended Action
I move that Council adopt, as amended at the October 1, 2019 Council Meeting, 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; I further move that, upon passage, the Ordinance be published in summary form.
County Manager's Recommendation
The County Manager recommends Council approval of this Ordinance
Body
After initially tabling the item on August 27, 2019, the continuation of the public hearing for this Ordinance was held on October 1, 2019. Several amendments to the Ordinance and Project Participation Agreement (PPA) were considered by Council and the following were accepted for incorporation into the final Ordinance and PPA:
-- TNJLA agrees to actively and continuously operate the hotel and conference center for the fifteen (15) year PPA term (extended from ten years)
--Remove “retail” from description of “food and beverage retail space”
--Addition of this requirement into the PPA: “In choosing an operator or owner of the stand-alone food and beverage space TNJLA shall solicit locally, regionally, and nationally”
Since amendments were made to the ordinance, including the Project Participation Agreement, the amended ordinance is now back tonight before Council for consideration.
Project Summary:
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 LLC...
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