Virgin Islands Port Authority Board Meeting Actions List 2026-05-20
VIPA Approves Warehouse Lease to J. Benton Construction
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Description
The Virgin Islands Port Authority approved a new lease with J. Benton Construction, LLC. for Bay #2 at the Gordon A. Finch Molasses Pier terminal on St. Croix. The two-year lease, with four optional two-year renewals, totals $39,780 annually for rent and common area maintenance to support warehousing of construction materials and equipment.
Contract Details
Contract Amount
$39,780.00 per year
Vendor
J. BENTON CONSTRUCTION LLC
Agency
Virgin Islands Port Authority, VI
Contract Type
FACILITIES
Document Date
May 20, 2026
Contract Term
Initial term two (2) years, with option for four additional two-year periods
Renewal Info
Lease term is two years with an option for four additional two-year periods; annual rent and CAM increase by 5% upon each option exercise; security deposit and mandatory insurance required.
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Virgin Islands Port Authority Board Meeting Actions List 2026-05-20
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