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FACILITIESEXTENDED

City of South Portland Agenda City Council Meeting 2026-06-02

Bug Light Park Lease Extended One Year

Annual rent equal to real estate taxes ($30,704.30 for FY ending June 30, 2026) plus $2,555.00 per year for liability insuranceSouth Portland Housing AuthorityPORTLAND PIPE LINE CORPORATIONJune 2, 2026

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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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