Pueblo de San Ildefonso Law Library
Pueblo de San Ildefonso Code.

17.2.23.040 Findings

The Council hereby finds that:

(a) On May 9, 2018, the Pueblo and San Ildefonso Services, LLC entered into the Business Lease; and

(b) San Ildefonso Services, LLC will apply for the Loan for purposes of making upgrades and other improvements to the Totavi Gas Station and Convenience Store; and

(c) The term of the Loan is expected to extend beyond the current term (i.e. September 30, 2022) of the Business Lease; and

(d) The term of the Business Lease cannot expire during the term of the Loan; and

(e) The term of the Business Lease shall be extended through September 30, 2027, to ensure that the term of the Business Lease does not expire during the term of the Loan; and

(f) The annual rental payments for Year 3 through Year 5 specified in the Business Lease shall remain in full force and effect; and

(g) The rental payments for Year 6 through Year 10 shall be in accordance with the following payment schedule:

Year Annual Rental Amount Monthly Rate
6 $25,293.00 $2,107.75
7 $26,430.96 $2,202.58
8 $27,620.04 $2,301.67
9 $28,863.00 $2,405.25
10 $30,162.00 $2,513.50

(h) The Council, having reviewed the Second Amendment document, attached hereto, finds approval of the Second Amendment is in the best interest of the Pueblo.

(i) All other items of the Business Lease shall remain in full force and effect.