PROPOSING AN EXCHANGE OF LAND AT THE YALE BUSINESS PARK IN ALBUQUERQUE IN BERNALILLO COUNTY.

WHEREAS, Section 13-6-3 NMSA 1978 requires ratification and approval of any sale, trade or lease for a period exceeding twenty-five years of state property of over one hundred thousand dollars ($100,000) in value; and

WHEREAS, the property control division of the general services department owns four and three hundred fifty-six thousandths acres of land known as tract 9A at the Yale business park in Albuquerque; and

WHEREAS, the Yale business park is located at the northeast corner of Yale boulevard and Gibson boulevard in Bernalillo county approximately one mile from the Albuquerque international airport; and

WHEREAS, the property was purchased pursuant to Laws 1993, Chapter 367, Section 73, as amended by Laws 1994, Chapter 91; and

WHEREAS, the workers' compensation administration building is located on tract 10A at the Yale business park; and

WHEREAS, the Fairfield inn is adjacent to the west of tract 9A in the Yale business park and desires to expand its facilities; and

WHEREAS, the owners of the Fairfield inn desire to exchange tract 11A consisting of two and eight thousand five hundred eighteen ten-thousandths acres and tract 13A consisting of three and four thousand two hundred thirty-five ten-thousandths acres for the western two and one-fourth acres of tract 9A adjacent to the Fairfield inn; and

WHEREAS, the owners of the Fairfield inn will pay all the costs of the exchange, including surveys and appraisals for the three parcels of land, subdivision costs, title insurance as required by the state and all other closing costs; and

WHEREAS, the proposed exchange would result in a net increase of land to the state of approximately four and two hundred fifty-three ten-thousandths acres at the Yale business park; and

WHEREAS, the legislature finds that locating state agencies in campus settings provides improved access to state services; and

WHEREAS, the use of tract 9A for expansion of the Fairfield inn and the use of tracts 11A and 13A for expansion of the state agency office building campus are appropriate uses for these tracts of land; and

WHEREAS, the legislature finds that it is economically advantageous for the state to own office space;

NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO that the proposed exchange of land at the Yale business park in Bernalillo county be hereby ratified and approved pursuant to the provisions of Section 13-6-3 NMSA 1978, provided that none of the tracts of land involved in this exchange be used for a correctional facility or a halfway house for persons on probation or parole; and

BE IT FURTHER RESOLVED that any development placed upon these tracts must conform to city zoning ordinances and protect and enhance surrounding business and residential uses.

BE IT FURTHER RESOLVED that a copy of this resolution be transmitted to the property control division of the general services department.