FACILITIESAPPROVED

Grand Junction Regional Airport Authority AgendaPacket 2026-06-16

Airport extends aeronautical ground lease with Colorado Parks and Wildlife

$8,239.35 for extension term; $21,720.23 total for all state fiscal years, subject to CPI adjustmentsGrand Junction Regional Airport AuthoritySTATE OF COLORADO DEPARTMENT OF NATURAL RESOURCES COLORADO PARKS & WILDLIFEJune 16, 2026

Trusted by teams at

Description

The Grand Junction Regional Airport Authority will execute Lease Amendment 1 with the State of Colorado Department of Natural Resources Colorado Parks and Wildlife to extend its aeronautical ground lease for a hangar site through June 30, 2031. The amendment incorporates new state‑required provisions and an updated map exhibit, with rent for the extension term totaling approximately $8,239.35, subject to CPI adjustments.

Contract Details

Contract Amount

$8,239.35 for extension term; $21,720.23 total for all state fiscal years, subject to CPI adjustments

Vendor

STATE OF COLORADO DEPARTMENT OF NATURAL RESOURCES COLORADO PARKS & WILDLIFE

Agency

Grand Junction Regional Airport Authority, CO

Contract Type

FACILITIES

Document Date

June 16, 2026

Contract Term

July 1, 2026 – June 30, 2031 (first five-year renewal term of aeronautical ground lease)

Renewal Date

2031-06-30

Renewal Info

First of three five‑year renewal options under Article 3.2 of the 2016 lease is being exercised; CPI rent adjustments continue in April of even years; amended expiration June 30, 2031.

Issuing Agency