City Amends OIC Lease Agreement with Rent Increase
City of Rocky Mount cityCity · Rocky Mount, NC- Disclosed value
- Annual per square foot rent will increase from $8,000 to $13,500 for the period beginning 2029-2034, and to $13,837.85 for the period beginning 2034-2039
- From agenda
- Document date
- Jul 28, 2025
- Renews
- Free account
The 30-second brief
The City Council will consider amending the operating lease with OIC, raising the annual rent to $13,500 from 2029-2034, and to $13,837.85 for 2034-2039. If approved, this amendment adjusts the agreement for a scheduled rent increase over the next two decades.
OIC holds this facilities contract with City of Rocky Mount city. Its other public contracts on record include work for Clark State College | State of Ohio.
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Contract details
- Contract type
- Facilities
- Amount
- Annual per square foot rent will increase from $8,000 to $13,500 for the period beginning 2029-2034, and to $13,837.85 for the period beginning 2034-2039
- Document date
- July 28, 2025
- Term
- 2029-2034 at $13,500 per year, 2034-2039 at $13,837.85 per year
- Renews
- Free account
- Vendor
- OIC
- Agency
- City of Rocky Mount city
- Source document
- rocky_mount_city_council_regular_scheduled_meeting.pdf (Agenda)
OIC's other public contracts
More City of Rocky Mount city contracts
Questions about this contract
Who was awarded the facilities contract by City of Rocky Mount city?
OIC was awarded this facilities contract by City of Rocky Mount city, as recorded on July 28, 2025. The contract value is Annual per square foot rent will increase from $8,000 to $13,500 for the period beginning 2029-2034, and to $13,837.85 for the period beginning 2034-2039.
How much is the OIC contract with City of Rocky Mount city worth?
The OIC contract with City of Rocky Mount city is valued at Annual per square foot rent will increase from $8,000 to $13,500 for the period beginning 2029-2034, and to $13,837.85 for the period beginning 2034-2039, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in rocky_mount_city_council_regular_scheduled_meeting.pdf (Agenda), dated July 28, 2025 from City of Rocky Mount city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does OIC hold?
OIC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Rocky Mount city currently buying?
Explore City of Rocky Mount city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.