New Hanover County Airport Authority Meeting AgendaPacket May 2026
Fourth Sublease Amendment Recommended for CIL ILM 3
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Description
The committee recommended approval of the Fourth Amendment to the sublease with CIL ILM 3, LLC extending the financing period to March 31, 2028 while keeping all other dates as originally set. This reflects an adjustment to the financing schedule for an airport-related development.
Contract Details
Vendor
CIL ILM 3 LLC
Agency
Wilmington Airport Authority, NC
Contract Type
OTHER
Document Date
May 3, 2026
Contract Term
Financing period extended to March 31, 2028; all other dates, including Rent Commencement, remain the same
Renewal Date
2028-03-31
Renewal Info
Fourth amendment extends financing period to March 31, 2028; all other dates, including rent commencement, remain unchanged.
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