A Resolution that the City Manager, or designee, is authorized to sign a Second Amendment to the Ground Lease Agreement by and between the City of El Paso, Texas, a municipal corporation existing under the laws of the State of Texas (the “Lessor”), and ELP Land Holdings I, LLC, a Delaware Limited Liability Company (“Lessee”) to change the amount and timing of rent payments in Section 3.02 Commencement of Rent and Time of Payment, the title and language in Section 5.04 Certificate of Completion Deadlines, update the language in Section 10.06 Termination under Phased Development Lease to account for delays in the entitlement and utility phases of development, and update the Exhibits to reflect the changes made to the Agreement.

Resolutions Agenda Ready Introduced August 1, 2025

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