Owatonna City Council Minutes October 2025
Accelerated Aviation Airport Lease Renewed for Five Years
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Description
Owatonna City Council renewed the commercial hangar and office lease with Accelerated Aviation for five years, supporting their continued flight school operation and growth at a graduated annual rental rate.
Contract Details
Contract Amount
Year 1: $33,036; Year 2: $34,632; Year 3: $36,228; Year 4: $37,824; Year 5: $39,420 (annual rental revenue)
Vendor
ACCELERATED AVIATION
Agency
City of Owatonna, MN
Contract Type
FACILITIES
Document Date
October 21, 2025
Contract Term
5 years, October 1, 2025 – September 30, 2030
Renewal Date
2030-09-30
Renewal Info
This is a 5-year renewal of the original agreement. Rental rates escalate annually. Expires September 30, 2030.
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Related Contracts
Owatonna Airport Commission Meeting Agenda March 2026
ONGOINGOwatonna Airport Commission Meeting Agenda February 2026
ONGOINGcity-of-owatonna-city-council-meeting-agenda-october-7-2025_8ef.pdf
PENDINGcity-of-owatonna-city-council-meeting-agenda-october-7-2025_8ef.pdf
RENEWEDcity-of-owatonna-airport-commission-meeting-minutes-september-18-2025_477.pdf
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