Multi-Year Land Lease Awarded to G.J. Smith, Inc.

Scope & details

The full contract record, as filed.

Contract amount

$116,759.80 annually ($9,729.98 monthly); $29,189.95 security deposit, plus annual business fee and applicable taxes; final amount subject to annual CPI increase

Contract type

OTHER

Contract term

Five (5) year initial term, commencing June 17, 2025; three (3) 5-year renewal options

Renewal date

2030-06-17

Renewal

Three (3) 5-year renewal options, rent escalates annually by CPI or fair market value as applicable. Renewal contingent on compliance and notice six months prior to term expiration.

Document type

Agenda

Source document

Nantucket Memorial Airport Commission Meeting Agenda June 2025

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Nantucket Select Board Minutes 2026-07-20

DISCUSSED

Nantucket School District, MassachusettsJul 20, 2026

Nantucket Memorial Airport Commission Agenda January 2024

APPROVED

Nantucket Public Schools MA, Massachusetts$58,088 (annual rent)Jan 11, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Nantucket School District?

G J Smith Inc was awarded this government contract by Nantucket School District, as recorded on June 17, 2025. The contract value is $116,759.80 annually ($9,729.98 monthly); $29,189.95 security deposit, plus annual business fee and applicable taxes; final amount subject to annual CPI increase.

How much is the G J Smith Inc contract with Nantucket School District worth?

The G J Smith Inc contract with Nantucket School District is valued at $116,759.80 annually ($9,729.98 monthly); $29,189.95 security deposit, plus annual business fee and applicable taxes; final amount subject to annual CPI increase.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Nantucket Memorial Airport Commission Meeting Agenda June 2025 (Agenda), dated June 17, 2025 from Nantucket School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does G J Smith Inc hold?

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