Sawyer County Public Works Committee Agenda Packet 2026-06-10
20-Year Airport Hangar Lease Recommended for Approval
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Description
Sawyer County Public Works Committee recommended approval of a 20-year hangar lease agreement with Hanna Bay Holdings, LLC for airport property beginning July 23, 2026, at $735 per year plus a one-time $1,000 fee. The agreement includes one 10-year renewal option and requires comprehensive insurance and a personal guaranty.
Contract Details
Contract Amount
$735.00 annual rent, plus one-time $1,000 payment
Vendor
HANNA BAY HOLDINGS LLC
Agency
Couderay village, WI
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
20 years commencing July 23, 2026, with one 10-year renewal option
Renewal Date
2046-07-22
Renewal Info
One additional successive thirty (10) year period (likely intended as 10 years) renewal option available with written notice at least 60 days prior to expiration; renewal is under same terms except adjusted rent.
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