devils-lake-park-board-audit-report-march-10-2025_d2d.pdf
Long-Term Building Lease Entered by Park Board
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Description
The Park Board began a 20-year building lease in April 2023, with annual principal and interest payments totaling $778,416 (present value as of Dec 2023: $755,545). Payments are made monthly.
Contract Details
Contract Amount
$778,416
Vendor
BUILDING LEASE
Agency
Esmond Rural Fire Protection District, ND
Contract Type
FACILITIES
Document Date
March 10, 2025
Contract Term
20 years (April 1, 2023 – March 1, 2043)
Renewal Date
2043-03-01
Renewal Info
Lease runs through March 2043. No amendments reported in 2023; standard terms apply.
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