City of Pocatello Agenda 2026-05-21
City Considers 30-Year Airport Lease for Hangar
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Description
Pocatello City Council is asked to approve a 30-year airport ground lease with Rocky Mountain Investing, LLC for 13,000 square feet to build an aircraft hangar. The lease starts at $4,004.00 per year with annual CPI adjustments and five-year rate reviews.
Contract Details
Contract Amount
$4,004.00 per year
Vendor
ROCKY MOUNTAIN INVESTING LLC
Agency
Housing Alliance and Community Partnerships, ID
Contract Type
FACILITIES
Document Date
May 21, 2026
Contract Term
30 years
Renewal Date
2056-05-21
Renewal Info
Initial 30-year lease term with annual CPI-based rent increases and full rental rate review every five years; any renewal options are not specified in the agenda.
Issuing Agency
Housing Alliance and Community Partnerships
Local Housing Authority
Pocatello, ID
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