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FACILITIESRENEWED

Ashtabula County Airport Authority Special Board Meeting Minutes July 2025

Airport Renews Hangar Lease With MFG

Monthly rent with 5% increase (amount not stated)Ashtabula County Airport AuthorityMFGJuly 17, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Airport Authority formally acknowledged renewal of MFG’s hangar lease for an additional term following the expiration of its initial five-year lease on January 31, 2025. The renewal includes a 5% increase in monthly rent, and the Treasurer has invoiced MFG for unpaid increases from February through July 2025.

Contract Details

Contract Amount

Monthly rent with 5% increase (amount not stated)

Vendor

MFG

Agency

Ashtabula County Airport Authority, OH

Contract Type

FACILITIES

Document Date

July 17, 2025

Contract Term

Initial five-year term expired 01/31/2025; renewal term of additional unspecified duration starting 02/01/2025

Renewal Date

2026-01-31

Renewal Info

Initial five-year lease expired 2025-01-31; MFG exercised a renewal option with written acknowledgment after the deadline. Renewal term adds at least one additional term with a 5% rent increase; Treasurer invoiced back rent for February–July 2025.

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