Leaseapproved

laurel-ridge-community-college-board-meeting-minutes_f4d.pdf

Laurel Ridge College Building Powerline Training Facility

$3,975,000Lord Fairfax Community CollegeLAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATIONApril 3, 2025

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Description

Laurel Ridge Community College is leasing land from its Educational Foundation for a new Powerline Training Facility. The college will pay the foundation $3.975 million for development of the property, and $50,000 per year in rent for 10 years.

Contract Details

Contract Amount

$3,975,000

Vendor

LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

Agency

Lord Fairfax Community College, VA

Contract Type

Lease

Document Date

April 3, 2025

Contract Term

10 years

Issuing Agency

Lord Fairfax Community College

Higher Ed

Middletown, VA

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Vendor