city_council_meeting_agenda_december_16_2025.pdf
Valdez Council Extends Museum Lease Through 2030
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Description
The City of Valdez approved an amendment and five-year extension to its lease and management agreement with the Valdez Museum and Historical Archive Association. The updated lease runs from January 1, 2026 through December 31, 2030 at a nominal rent of $10 per year, with three five-year renewal options remaining. Language updates modernize the agreement while continuing the city’s support for the museum.
Contract Details
Contract Amount
$10 annually
Vendor
VALDEZ MUSEUM & HISTORICAL ARCHIVE ASSOCIATION INCORPORATED
Agency
Providence Valdez Medical Center, AK
Contract Type
FACILITIES
Document Date
December 16, 2025
Contract Term
January 1, 2026 – December 31, 2030, with three additional five-year renewal options remaining
Renewal Date
2030-12-31
Renewal Info
Lease has three additional five-year renewal options after this term, each requiring City Council approval. Original agreement adopted 1996, most recent amended May 5, 2021. The 2026–2030 term is the first renewal under the new agreement. VMHA submitted a formal notice of intent to renew in October 2025.
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