Town of Buena Vista Agenda 2026-05-12
New 25-year ground lease for Ark Valley Hangar at AEJ
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Description
The Buena Vista Board of Trustees approved Resolution 2026-33 to terminate an old ground lease and execute a new long-term ground lease for Hangar C-1 with Ark Valley Hangar LLC at Central Colorado Regional Airport. The 25-year lease, with two 10-year extensions, aligns with the Town’s updated lease template and supports continued private hangar use on town-owned land.
Contract Details
Vendor
ARK VALLEY HANGAR LLC
Agency
Town of Buena Vista, CO
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
25-year primary term with two 10-year extension options
Renewal Info
Lease includes two optional 10-year extensions following the initial 25-year term, providing opportunities for review and renewal at those milestones.
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