State Building Commission AgendaPacket Executive Subcommittee Meeting 2026-05-26
CUSEC Granted Long-Term Lease at Memphis Armory
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Description
The Commission approved a new five‑year ground lease, with two five‑year renewal options, to the Central United States Earthquake Consortium for facilities at 2630 East Holmes Road in Memphis at $1 per year. CUSEC will cover all operational and maintenance costs while continuing its earthquake monitoring mission and subleasing space to the U.S. Army Corps of Engineers.
Contract Details
Contract Amount
$1.00 annually
Vendor
CENTRAL UNITED STATES EARTHQUAKE CONSORTIUM (CUSEC)
Agency
Grundy County, TN
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
Five years with two 5-year renewal options
Renewal Info
Initial five-year term with two additional five-year renewal options; either party may terminate with 90 days’ written notice. Tenant is responsible for all operating and maintenance costs and may be required to relocate on the property.
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