Borough of Watchung Enters into Ground Lease Agreement
Borough of WatchungCity · Watchung, NJ- Document date
- Jan 1, 2025
- Term
- 50 years
The 30-second brief
Connell Company and Borough of Watchung enter into a ground lease agreement for unimproved land, spanning an initial 50-year term with options for two 10-year renewals, to facilitate the construction and operation of a firehouse by the Borough. Base rent is set at $10 per year.
CONNELL holds this ground lease contract with Borough of Watchung. Its other public contracts on record include work for City of Greeley and Ft Collins-Loveland Water District.
Term as filed: 50 years.
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Contract details
- Contract type
- Ground Lease
- Document date
- January 1, 2025
- Term
- 50 years
- Vendor
- CONNELL
- Agency
- Borough of Watchung
- Source document
- borough-of-watchung-ground-lease-agreement_7b4.pdf (Contract)
CONNELL's other public contracts
More Borough of Watchung contracts
Questions about this contract
Who was awarded the ground lease contract by Borough of Watchung?
CONNELL was awarded this ground lease contract by Borough of Watchung, as recorded on January 1, 2025.
What type of contract is this?
This is a Ground Lease contract, documented as a contract record.
Where was this contract approved?
This contract appears in borough-of-watchung-ground-lease-agreement_7b4.pdf (Contract), dated January 1, 2025 from Borough of Watchung. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does CONNELL hold?
CONNELL may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Borough of Watchung currently buying?
Explore Borough of Watchung's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.