Bug Light Park Lease Extended One Year
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Description
South Portland plans to extend its Bug Light Park land lease with Portland Pipe Line Corporation for one additional year, through June 30, 2027. The City will continue to pay annual rent equal to real estate taxes and maintain liability insurance coverage on the leased acreage.
Contract Details
Contract Amount
Annual rent equal to real estate taxes ($30,704.30 for FY ending June 30, 2026) plus $2,555.00 per year for liability insurance
Vendor
PORTLAND PIPE LINE CORPORATION
Agency
South Portland Housing Authority, ME
Contract Type
FACILITIES
Document Date
June 2, 2026
Contract Term
Extend Bug Light Park land lease one additional year, expiring June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Fourteenth amendment to the December 1996 Bug Light Park lease, extending the term by one year to June 30, 2027; lease has been renewed multiple times since its original five-year term.
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Issuing Agency
Local Housing Authority
South Portland, ME
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