Vinton Harbor and Terminal District Minutes 2026-05-11
Board Approves New Multi-Term Lease With PBC
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Description
The Vinton Harbor and Terminal District approved a new lease with PBC with an initial five-year term at $5,500.00 and two subsequent five-year options at $6,000.00 and $6,500.00. The lease covers continued use of port property under updated financial terms.
Contract Details
Contract Amount
$5,500.00 for five years; $6,000.00 first five year option; $6,500.00 second five year option
Vendor
PBC
Agency
Vinton Harbor And Terminal District, LA
Contract Type
FACILITIES
Document Date
May 11, 2026
Contract Term
5 year lease with two five-year options
Renewal Info
Initial 5-year lease includes two optional 5-year renewal periods with escalating rates of $6,000.00 and $6,500.00. Options may be exercised at the end of each preceding term.
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