Sanford Airport Authority Minutes 2026-05-05
UCF Signs 5-Year Lease for Research Space at SAA
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Description
Sanford Airport Authority finalized a 5-year facility lease with UCF for the Center for Applied Propulsion and Energy, including SAA-provided renovations, valued over $600,000 with renewal options. Full commencement is set for July 2026.
Contract Details
Contract Amount
Over $600,000 in lease value
Vendor
UNIVERSITY OF CENTRAL FLORIDA (UCF)
Agency
Sanford Airport Authority, FL
Contract Type
OTHER
Document Date
May 5, 2026
Contract Term
5 years with 5-year renewal options
Renewal Date
2031-07-01
Renewal Info
5-year lease with renewable 5-year terms; initial lease fully executed.
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