Ground Lease to NSMKM for New Aircraft Hangar

The Airport Authority will consider a 30-year ground lease with NSMKM, LLC for about 1.18 acres in the Northside Development Plan at $38,550.60 per year for the first five years. NSMKM plans to construct a hangar for aircraft storage, with two optional five‑year renewals and rent adjustments every five years.

Scope & details

The full contract record, as filed.

Contract amount

$38,550.60 annually for first five years, subject to CPI or FMV adjustments every five years

Contract type

FACILITIES

Contract term

Initial 30-year term commencing July 1, 2026, with two additional 5-year renewal options

Renewal

Two additional five-year renewal options after the initial 30-year term; rent to be adjusted based on CPI or Fair Market Value every five years.

Document type

AgendaPacket

Source document

Charlotte County Airport Authority AgendaPacket 2026-06-18

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Charlotte County Airport Authority Agenda Packet 2026-06-18

APPROVED

Punta Gorda Airport Authority, Florida$38,550.60/year (first 5 years), with CPI or FMV adjustments every 5 yearsJun 17, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Charlotte County Airport Authority?

Nsmkm Llc was awarded this facilities contract by Charlotte County Airport Authority, as recorded on June 18, 2026. The contract value is $38,550.60 annually for first five years, subject to CPI or FMV adjustments every five years.

How much is the Nsmkm Llc contract with Charlotte County Airport Authority worth?

The Nsmkm Llc contract with Charlotte County Airport Authority is valued at $38,550.60 annually for first five years, subject to CPI or FMV adjustments every five years, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Charlotte County Airport Authority AgendaPacket 2026-06-18 (AgendaPacket), dated June 18, 2026 from Charlotte County Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nsmkm Llc hold?

Nsmkm Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Charlotte County Airport Authority currently buying?

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