Government Contract | Virginia
LAND LEASE FOR DEVELOPABLE PROPERTY

Bid Information


Bid Alert No: 00000505805

Bid Title: LAND LEASE FOR DEVELOPABLE PROPERTY

Agency Bid No. Title: 16-2240

Received Date: 03/09/2016

Close Date: 03/30/2016

Purchase Type: 20 years for completion

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:Landlord: Capital Region Airport Commission (Commission)Tenant: Proposer selected by Commission.Leasehold Premises: An approximately 1.2 acre parcel of land with improvements owned byLandlord, all as shown on Exhibit B. The final dimensions of theLeasehold Premises shall be agreed to between Landlord and Tenant.Term: Initial fixed term of twenty (20) years, with two (2) five (5) yearextensions subject to negotiation.LeaseCommencement: To be determined based upon the scope of modifications to existingimprovements and construction of new improvements on the LeaseholdPremises.Use: Any business development allowable by Henrico Countys current zoningof B-3 and other laws and restrictions applicable to the LeaseholdPremises and, in the Commissions opinion, to be the best use for theLeasehold Premises. Height restricted to approximately thirty seven (37)feet and will require submittal and approval to the Federal AviationAdministration (FAA).Rent: Rent shall consist of a minimum annual payment with annual escalation.Leasehold improvements to be included in value of second extension andrent priced at 6% of appraised value.Annual Escalationof Minimum Rent: To be determined, but not less than 100% of the Consumer Price Index forthe Richmond Area.

Bid Related Documents

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Amendments

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Product Codes: 90957, 97100

Agency Information


Issuing Agency: Capital Region Airport Commission

State: Virginia

Agency Type: State and Local

Contact: Douglas E. Blum, Capital Region Airport Commission

Fax: 804-652-2606

Email: procurement@flyrichmond.com

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