Gregg County Commissioners Court Agenda April 8 2024
Greggton Resources LLC Awarded Airport Ground Lease
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Description
The Commissioners approved a ground lease agreement between Gregg County and Greggton Resources LLC for 11,700 square feet at East Texas Regional Airport, with annual payments of $1,755 for an initial term and four five-year renewals.
Contract Details
Contract Amount
$1,755 annually or $146.25 per month
Vendor
GREGGTON RESOURCES LLC
Agency
Gregg County, TX
Contract Type
FACILITIES
Document Date
April 8, 2024
Contract Term
Base term at $0.15/sf for 11,700 sf with four 5-year renewal options
Renewal Info
Four 5-year renewal terms, rental rates increase at each five-year renewal.
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