city-of-fayetteville-ground-lease-agreement_22c.pdf
Fayetteville leases land for aircraft hangar construction.
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Description
City of Fayetteville leases land to Dawson Aero and Shannon Homes for aircraft hangar construction. The initial term is 30 years with options to extend. Annual rent is $4,200, with increases during renewal periods.
Contract Details
Contract Amount
$4,200/year
Vendor
DAWSON AERO & SHANNON HOMES
Agency
City of Fayetteville, AR
Contract Type
Ground Lease
Document Date
January 1, 2025
Contract Term
30 years + optional extensions
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