state_board_meeting_agenda_may_22_2025.pdf
Laurel Ridge Powerline Training Facility Lease Considered
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Description
The State Board will consider Laurel Ridge Community College entering a lease agreement with its Foundation for development and use of a Powerline Training Facility on Foundation property. Annual rent is $50,000 per year, payable to the Foundation, with development costs up to $4,475,000.
Contract Details
Contract Amount
$50,000 per year
Vendor
LAUREL RIDGE EDUCATIONAL FOUNDATION
Agency
Patrick Henry Community College, VA
Contract Type
Lease Agreement
Document Date
May 22, 2025
Contract Term
10 years
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state_board_meeting_agenda_may_22_2025.pdf
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