City of Amery Airport Hangar Area Lease Agreements 2026-06-17
Amery approves hangar lease with Sarsland trust
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Description
The City of Amery approved a 25‑year ground lease with The Trust of Gerald Sarsland for hangar site E-2 at the Amery Municipal Airport, at an initial rent of $190.08 per year. The agreement covers construction and use of a private hangar for aircraft storage and maintenance, with options for future renewals and periodic rent adjustments.
Contract Details
Contract Amount
$190.08 per year
Vendor
TRUST OF GERALD SARSLAND
Agency
Amery Housing Authority, WI
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
June 17, 2026 – June 16, 2051 (25 years), with option for subsequent 10-year renewals
Renewal Date
2051-06-16
Renewal Info
Initial 25-year term from June 17, 2026, followed by eligibility for a 10-year renewal based on the then-current lease form and satisfactory inspection of hangar condition; after the 10-year extension, further extensions may be requested under the same criteria. Rent is subject to coordinated revisions for all hangar leases effective January 1, with at least three years between revisions; disputes over reasonable rent are resolved via binding arbitration.
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