City of Wausau Airport Committee Agenda Packet 2026-06-10
New Airport Ground Lease Awarded to A75N1 LLC
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Description
A75N1 LLC is set to assume the Airport Ground Lease at 931 Woods Place, Wausau, via contract award and purchase agreement totaling $284,999.00. The new lease will take effect following ground lease termination of the previous lessee.
Contract Details
Contract Amount
$284,999.00
Vendor
A75N1 LLC
Agency
Wausau Community Development Authority, WI
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
To begin July 8, 2026, duration not explicitly specified (presumptively 20-year similar to predecessor lease)
Renewal Date
2046-07-08
Renewal Info
Term not specified. Historically airport ground leases have an initial 20-year term with automatic renewal clauses unless notice is given. Actual renewal date to be governed by contract signed upon closing.
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PENDINGIssuing Agency
Wausau Community Development Authority
Local Housing Authority
Wausau, WI
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