Metropolitan Airports Commission Meeting Minutes February 2026
10-Year GSE Maintenance Facility Lease to Alvest Equipment Services Approved
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Description
MAC approved a new GSE Maintenance Facility Lease Agreement with Alvest Equipment Services, LLC for 10 years. Lease includes facility and ground space rental at ordinance rates.
Contract Details
Contract Amount
Facility rent of $36.18 per sqft plus Ordinance 121 Ground rental rates
Vendor
ALVEST EQUIPMENT SERVICES LLC
Agency
Metropolitan Airports Commission, MN
Contract Type
FACILITIES
Document Date
February 17, 2026
Contract Term
10 years
Renewal Date
2036-02-17
Renewal Info
New 10-year lease, standard renewal process after term.
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