The Sandoval County Commission convened on September 24, 2025, to discuss three resolutions related to leases for a proposed economic development project. The meeting focused on the approval of these leases, which are crucial for advancing the county's economic initiatives.

The first resolution, labeled 11 a, pertains to a lease extension between the county and the State Land Office for Section 36, located in the unincorporated area known as Rio Rancho Estates. This lease is being extended to a 40-year term, allowing the county to lease the land to a company for economic development purposes.

Resolution 11 b involves a sublease agreement between the county and Castilian Corporation, which is tied to the first lease and serves the same economic development objectives. The third resolution addresses a lease for an adjacent parcel of land, also involving Castilian Corporation, which will facilitate the aggregation of land for the project.

The county is currently negotiating these leases, with the third lease requiring approval from the State Board of Finance. The county has submitted this lease for review, and the commission's actions during the meeting would empower the county manager to make any necessary adjustments in response to inquiries from the State Board of Finance. The other two leases do not require this level of approval as they are government-to-government agreements.

The meeting concluded with an invitation for questions, emphasizing the interconnected nature of these resolutions and their importance to the county's economic development strategy. The commission's decisions will play a significant role in moving forward with the proposed project.