City of Leonard Resolution 260421-02 Lease Agreement
City Approves Five-Year Lease With USPS
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Description
The City of Leonard approved a five-year lease with the United States Postal Service for 4,046 square feet at 113 W Collin Street, starting September 1, 2027, at annual rent of $56,553. The agreement includes a five-year renewal option from 2032 to 2037 at $59,380 annually.
Contract Details
Contract Amount
$56,553.00 annually; aggregate lease value $282,765.00; renewal option 09/01/2032–08/31/2037 at $59,380.00 annually
Vendor
UNITED STATES POSTAL SERVICE
Agency
City of Leonard, TX
Contract Type
FACILITIES
Document Date
April 21, 2026
Contract Term
Initial term 09/01/2027 to 08/31/2032; renewal option 09/01/2032 to 08/31/2037
Renewal Date
2037-08-31
Renewal Info
Initial five-year term from 09/01/2027 to 08/31/2032 with a single five-year renewal option from 09/01/2032 to 08/31/2037 at increased annual rent of $59,380.00.
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