SRQ Hangar Lease Amended to Expand Site and Add Fuel Farm

The Sarasota Manatee Airport Authority moved to amend its 20‑year lease and development agreement with SRQ Hangar, LLC, relocating and expanding the site to roughly three acres and authorizing a private fuel farm for the tenant’s aircraft. The amendment sets annual land rent at about $97,683 and requires construction of a hangar, apron, and taxi lane connector under updated insurance provisions.

Scope & details

The full contract record, as filed.

Contract amount

Annual land rent $97,683.24 (based on $0.65/sf for 150,282 sf), subject to periodic adjustment

Contract type

FACILITIES

Contract term

Initial 20-year term from April 25, 2022; one 10-year renewal term

Renewal date

2042-04-25

Renewal

Lease retains the original 20‑year initial term from April 25, 2022 with a single 10‑year renewal option; amendment modifies premises size, rent, permitted uses (including self-fueling), and associated insurance and construction obligations.

Document type

Agenda

Source document

sarasota_manatee_airport_authority_board_meeting_a.pdf

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Sarasota Manatee Airport Authority Board Meeting Agenda February 2026

AMENDED

Sarasota-Manatee Airport Authority, FloridaFeb 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Sarasota Manatee Airport Authority?

Srq Hangar Llc was awarded this facilities contract by Sarasota Manatee Airport Authority, as recorded on November 17, 2025. The contract value is Annual land rent $97,683.24 (based on $0.65/sf for 150,282 sf), subject to periodic adjustment.

How much is the Srq Hangar Llc contract with Sarasota Manatee Airport Authority worth?

The Srq Hangar Llc contract with Sarasota Manatee Airport Authority is valued at Annual land rent $97,683.24 (based on $0.65/sf for 150,282 sf), subject to periodic adjustment, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in sarasota_manatee_airport_authority_board_meeting_a.pdf (Agenda), dated November 17, 2025 from Sarasota Manatee Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Srq Hangar Llc hold?

Srq Hangar Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Sarasota Manatee Airport Authority currently buying?

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