FACILITIESAMENDED

Nacogdoches Airport Advisory Board Meeting Agenda Packet May 2026

Amended ground lease for Hangar A‑100 with KP Pruitt

$9,003.75 per year (subject to annual CPI-based adjustment)Housing Authority of the city of NacogdochesKP PRUITT INVESTMENTS LLCMay 13, 2026

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Description

The City of Nacogdoches has drafted an amended ground lease with KP Pruitt Investments LLC for Hangar A‑100 and about 36,750 square feet of associated land at A.L. Mangham Jr. Regional Airport. The lease, running through July 31, 2031 with renewal options, adds ramp area for fueling and tie‑down of flight school aircraft at an annually CPI‑adjusted rent of roughly $9,004 per year.

Contract Details

Contract Amount

$9,003.75 per year (subject to annual CPI-based adjustment)

Vendor

KP PRUITT INVESTMENTS LLC

Agency

Housing Authority of the city of Nacogdoches, TX

Contract Type

FACILITIES

Document Date

May 13, 2026

Contract Term

August 1, 2021 – July 31, 2031, with successive 5-year renewal options

Renewal Date

2031-07-31

Renewal Info

Primary 120‑month term from August 1, 2021 to July 31, 2031, with successive five‑year extensions available upon 60–180 day advance written notice and mutual agreement; annual rent may be adjusted each October 1 based on CPI; City may terminate for convenience with 90 days’ notice and amortized reimbursement of approved construction costs.