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FACILITIESAPPROVED

City of Ardmore Mayor and Board of Commissioners Meeting Agenda April 6, 2026

City Approves Airport Ground Lease With Nimbus 2024

City of ArdmoreNIMBUS 2024 LIMITED LIABILITY COMPANYApril 4, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Ardmore approved a long-term ground lease at the Downtown Executive Airport with Nimbus 2024 Limited Liability Company for property at 2485 Executive Airport Drive. The lease runs from March 17, 2026, through March 17, 2046, with options for two additional five-year extensions.

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 5-year extensions

Renewal Date

2046-03-17

Renewal Info

Initial 20-year lease term with two optional five-year extensions beyond March 17, 2046, at the City’s and tenant’s discretion per the lease.

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