City of Ocala Airport Advisory Board Agenda Packet 2026-06-09
GLJ Aviation Recommended for 40-Year Airport Lease
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Description
Ocala’s internal selection committee recommends awarding ITN #AIR240448 to GLJ Aviation LLC and approving a long-term ground lease for approximately 67,860 square feet at Ocala International Airport. The 40-year lease features a $0.36 per square foot ground rate with annual 3% increases and a five-year option on an adjacent parcel.
Contract Details
Vendor
GLJ AVIATION LLC
Agency
City of Ocala, FL
Contract Type
FACILITIES
Document Date
June 6, 2026
Contract Term
Forty-year ground lease beginning May 1, 2026, with two additional five-year renewal terms
Renewal Date
2056-04-30
Renewal Info
Initial 30-year term beginning May 1, 2026, with two automatic five-year renewal terms unless Tenant provides 180 days' written notice of non-renewal before term expiration.
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