FACILITIESPENDING

City of Huntsville City Council Agenda Packet May 5 2026

City considers long-term parking leases with Gibbs Brothers

No monetary rent; shared repairs over $1,000 at 50/50Housing Authority of the city of HuntsvilleGIBBS BROTHERS & COMPANYMay 5, 2026

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Description

The Huntsville City Council will consider authorizing the City Manager to execute two long-term parking area lease agreements with Gibbs Brothers & Company for Sallie E. Gibbs Park, an adjacent alleyway, and a public parking lot at 1118 1/2 Sam Houston Avenue. The leases run for 20 years with a 10-year renewal option, require no rent payments, and assign routine maintenance to the City with major repairs shared 50/50.

Contract Details

Contract Amount

No monetary rent; shared repairs over $1,000 at 50/50

Vendor

GIBBS BROTHERS & COMPANY

Agency

Housing Authority of the city of Huntsville, TX

Contract Type

FACILITIES

Document Date

May 5, 2026

Contract Term

Twenty (20) years with one (1) 10-year renewal option; either party may terminate without cause on 60 days’ written notice

Renewal Info

Initial 20-year term with one 10-year renewal option if the City provides written notice at least 90 days before term expiration; either party may terminate without cause on 60 days’ written notice; month-to-month tenancy possible after term if not renewed.