newport_news_city_council_minutes_june_24_2025.pdf
EDA Leased SIP Parcel 1 for Warehouse Development
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Description
Council authorized a 20-year lease (with 20-year renewal option) of Parcel 1 at the Seafood Industrial Park to the City’s Economic Development Authority, to facilitate construction of a new warehouse and support sublease to Fernandez Fisheries.
Contract Details
Vendor
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VIRGINIA
Agency
City of Newport News, VA
Contract Type
FACILITIES
Document Date
June 24, 2025
Contract Term
20 years with one 20-year renewal option
Renewal Date
2045-06-24
Renewal Info
One successive 20-year renewal term available after initial 20-year lease. EDA to remit any sublease rent to the City.
More from ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NEWPORT NEWS VIRGINIA
Related Contracts
Newport News City Council Agenda 2026-06-09
APPROVEDcity_council_regular_meeting_agenda_january_2024.pdf
APPROVEDcity_council_regular_meeting_agenda_december_2023.pdf
AWARDEDMore from City of Newport News
Newport News City Council Agenda 2026-06-09
Newport News City Council Agenda 2026-06-09
Newport News City Council Agenda 2026-06-09
Newport News City Council Agenda 2026-06-09
City of Newport News Council Meeting Agenda April 2026
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