Melbourne Airport Authority Agenda 2026-06-24
GSA Terminal Lease For TSA Space Renewed
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Description
Airport staff recommends approving a five-year lease agreement with the General Services Administration for 1,623 square feet of TSA space at an initial annual rent of $90,579.63. The lease includes one five-year option and is expected to generate about $452,900 in revenue over the initial term.
Contract Details
Contract Amount
$90,579.63 annually (approx. $452,900 over 5 years)
Vendor
GENERAL SERVICES ADMINISTRATION
Agency
Melbourne Airport Authority, FL
Contract Type
FACILITIES
Document Date
June 24, 2026
Contract Term
Five-year term beginning June 1, 2026, with one five-year option
Renewal Date
2031-05-31
Renewal Info
Initial five-year lease starting June 1, 2026, with one additional five-year renewal option; operating cost component subject to annual CPI increases.
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