City of Santa Barbara StaffReport Lease Agreement 202607 – Marborg Industries, Inc. 2026-05-20
Airport property lease to Marborg Industries approved
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Description
The Santa Barbara Airport Department seeks approval of Lease Agreement 202607 with Marborg Industries, Inc. for fenced paved lots at 20 David Love Place and 21 Jack Peres Place. The three-year lease, with two one-year extension options, begins June 1, 2026 and provides for annual rent of $253,155.48 plus utilities.
Contract Details
Contract Amount
$253,155.48 annually, exclusive of utilities
Vendor
MARBORG INDUSTRIES INC
Agency
Santa Barbara Airport Commission, CA
Contract Type
FACILITIES
Document Date
May 20, 2026
Contract Term
Three (3) year lease commencing June 1, 2026, with two (2) one-year options to extend
Renewal Info
Initial term of three years with two separate one-year options to extend at the lessee’s option, with annual rent adjustments based on CPI capped at 8%. Renewal beyond the base term will follow the same CPI adjustment provisions.
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