hennepin_county_regional_railroad_authority_board.pdf
Five-year corridor lease approved with Dock & Lift
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Description
The Hennepin County Regional Railroad Authority approved a five-year lease agreement A2311876 with Dock & Lift, Inc. for 2,000 square feet of Dakota Rail corridor property in Spring Park. The lease runs from September 1, 2023 to August 31, 2028 at $1,620 per year for the first three years with a rate adjustment beginning in year four.
Contract Details
Contract Amount
$1,620 per year for the first three years (rate adjustment in fourth year)
Vendor
DOCK & LIFT INC
Agency
Hennepin County, MN
Contract Type
FACILITIES
Document Date
November 18, 2025
Contract Term
September 1, 2023 through August 31, 2028 (five-year lease)
Renewal Date
2028-08-31
Renewal Info
Initial five-year lease term from 09/01/2023–08/31/2028 with annual rent of $1,620 for the first three years and CPI-based adjustment beginning in the fourth year; either party may terminate with 30 days’ notice. No explicit renewal options described.
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