Livingston County Board of Commissioners Agenda Packet 2026-06-22
20-Year Airport Lease to S.E. Metro Properties LLC Approved
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Description
The Board approved a 20-year lease agreement with S.E. Metro Properties LLC for the old airport terminal and adjacent site, including hangar construction, starting July 1, 2026. Annual rent is $22,222.09, adjusted for inflation.
Contract Details
Contract Amount
$22,222.09 annually (initial), with CPI adjustments and future escalation
Vendor
S.E. METRO PROPERTIES LLC
Agency
Livingston County, MI
Contract Type
OTHER
Document Date
June 17, 2026
Contract Term
Twenty (20) years, July 1, 2026 to June 30, 2046; two additional five-year renewal options
Renewal Date
2046-06-30
Renewal Info
Two five-year renewal options; rent inflates annually per CPI.
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