town-of-painter-agenda-2025-05-27_520.pdf
Trinity UMC lease: $4.7M total estimated cost
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Description
Lease payments for Trinity UMC are estimated at $1.7 million over 25 years, with an additional $0.1 million for initial reconfiguration and move-in expenses. The existing Town Hall renovation is expected to cost $2.9 million, bringing the total estimated cost to $4.7 million. This option offers a safe place for town staff and residents to conduct business, plus a renovated building at 2 Plum (Police Station), but comes with ongoing lease payments without equity.
Contract Details
Contract Amount
$1.7 million
Vendor
TRINITY UMC
Agency
Town of Painter, VA
Contract Type
Lease
Document Date
May 27, 2025
Contract Term
25 years
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