Johnson City Development Authority Finance Committee Meeting Agenda January 2026
JCDA Renews Downtown Lease with East Tennessee State University
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Description
East Tennessee State University renewed its lease for JCDA's downtown building and parking garage through December 2026, generating $142,764 in annual revenue for FY25.
Contract Details
Contract Amount
$10,500 per month; $142,764 lease revenue for FY25; lease receivable $183,144 as of June 30, 2025
Vendor
EAST TENNESSEE STATE UNIVERSITY
Agency
Johnson city Housing Authority, TN
Contract Type
FACILITIES
Document Date
January 14, 2026
Contract Term
Two-year lease beginning December 20, 2023; renewed for one additional year (through December 2026)
Renewal Date
2026-12-20
Renewal Info
Original two-year lease (Dec 2023–Dec 2025), renewed for one additional year through December 2026. Receivable and revenue details in FY25.
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APPROVEDIssuing Agency
Johnson city Housing Authority
Local Housing Authority
Johnson city, TN
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