Town of Stowe Agenda Summary Rural Community Transportation Building Lease Agreement 2026-06-24
GMTA Issues Notice to End 2005 Lease
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Description
Green Mountain Transit Agency provided formal 30-day notice to terminate its June 13, 2005 Moscow Garage lease with the Town of Stowe, ending the long-standing $1-per-year arrangement on June 30, 2026. The termination clears the way for a new tenant at the facility.
Contract Details
Contract Amount
$1 per year
Vendor
GREEN MOUNTAIN TRANSIT AGENCY
Agency
Town of Stowe, VT
Contract Type
FACILITIES
Document Date
June 24, 2026
Contract Term
Lease dated June 13, 2005; evergreen with 30-day notice provision; terminates June 30, 2026 per notice
Renewal Date
2026-06-30
Renewal Info
Lease established June 13, 2005 as an ongoing arrangement with renewal absent timely notice. On May 18, 2026, GMTA/GMT exercised the termination option, setting the final lease end date as June 30, 2026.
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