Town of Buena Vista Agenda 2026-05-12
New Ground Lease Approved for Airport Hangar C-1
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Description
The Buena Vista Board of Trustees approved a new ground lease with Ark Valley Hangar LLC for Hangar C-1 at Central Colorado Regional Airport, replacing an older lease tied to a recent sale. The agreement provides a 25-year term with two 10-year extension options under the Town’s updated lease template.
Contract Details
Vendor
ARK VALLEY HANGAR LLC
Agency
Heart Of The Rockies Regional Medical Center, CO
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
25-year primary term with two 10-year extension options
Renewal Info
Lease includes two 10-year extension options following the 25-year initial term, allowing periodic review after the primary term.
Issuing Agency
Heart Of The Rockies Regional Medical Center
Public Hospital
Salida, CO
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