City of Ardmore Commission Meeting Agenda April 2026
City Approves 20-Year Airport Ground Lease With Nimbus
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Description
The City of Ardmore approved a ground lease with Nimbus 2024 Limited Liability Company for property at 2485 Executive Airport Drive at the Downtown Executive Airport. The lease runs from March 17, 2026 to March 17, 2046, with two five-year renewal options.
Contract Details
Vendor
NIMBUS 2024 LIMITED LIABILITY COMPANY
Agency
City of Ardmore, TN
Contract Type
FACILITIES
Document Date
April 4, 2026
Contract Term
March 17, 2026 – March 17, 2046, with two additional five-year extensions
Renewal Date
2046-03-17
Renewal Info
Initial 20-year term from March 17, 2026 to March 17, 2046, with the option of two additional five-year extensions at the end of the primary term.
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