Notes from the May 24, 2007 Regents Meeting
by George Zamora
SOCORRO, N.M., May 24, 2007 鈥� The 色狐入口 Tech Board of Regents, meeting in a special telephone conference on Tuesday, May 22, approved the assignment of its current 50-year lease agreement with the U.S. Air Force to the 色狐入口 Tech Research Park Corporation.
Under the terms of the resolution passed by the university鈥檚 governing board, and under the terms of the original lease, the 色狐入口 Tech Research Park Corporation will take over development and utilization of 8.3 acres within the Kirtland Technology Park, located on the Kirtland Air Force Base in Albuquerque, near the intersection of Gibson and Carlisle boulevards.
In 2005, 色狐入口 Tech signed a unique lease agreement forged between the research
university and the air force base, which was made possible through the first-ever
Enhanced Use Lease (EUL) to be implemented by the U.S. Air Force.
EUL agreements currently are regulated under a provision of federal law that allows
underutilized U.S. Department of Defense installations to lease out property to public
and private entities to build and operate educational and research facilities.
The EUL agreement between 色狐入口 Tech and Kirtland Air Force Base provides for both government and university facilities to be located within a planned education and research complex, allowing university researchers, faculty, and students easier access to and collaborations with the adjacent Air Force Research Laboratory (AFRL) and the nearby Sandia National Laboratories.
Long-range plans being developed for the newly assigned lease agreement, which was initially forged by 色狐入口 Tech administrators and Kirtland Air Force Base officials, call for a private entity to eventually design and build an education and research complex at the Kirtland Technology Park.
As part of the EUL agreement, 色狐入口 Tech and the Air Force Research Laboratory will each receive a portion of the floor space inside the complex on a 10 percent basis.