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DK Aviation proposes lease extension and RDF payments

Town of Concord
Disclosed value
$275,000
From minutes
Document date
Feb 11, 2025
Term
40 years

The 30-second brief

What it covers

DK Aviation Properties LLC proposes lease extension of 6 years along with a new 10-year option (for a remaining term of 40 years). The Reversion deferral fee (RDF) for a 16 year extension is $275,000 and to be paid in installments till Feb 2028.

Who holds it

Dk Aviation Properties holds this lease extension contract with Town of Concord. Its other public contracts on record include work for Housing Authority of the city of Concord.

What happens next

Term as filed: 40 years.

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Contract details

Contract type
Lease Extension
Amount
$275,000
Document date
February 11, 2025
Term
40 years
Vendor
Dk Aviation Properties
Agency
Town of Concord
Source document
concord-city-council-work-session-minutes-february-11-2025_123.pdf (Minutes)

Dk Aviation Properties's other public contracts

Housing Authority of the city of Concord, North CarolinaConcord considers 16-Year Lease with DK Aviation · Feb 13, 2025$275KTown of Concord, OhioDK Aviation Lease extended for 16 years. · Feb 13, 2025$275KTown of Concord, OhioDK Aviation gets 16-year lease extension · Feb 13, 2025$275KTown of Concord, ArkansasDK Aviation lease extended for 16 years · Feb 13, 2025$275KTown of Concord, Nebraska$275,000 Lease extension approved for DK Aviation · Feb 13, 2025$275KAll Dk Aviation Properties contractsVendor profile

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Questions about this contract

Who was awarded the lease extension contract by Town of Concord?

Dk Aviation Properties was awarded this lease extension contract by Town of Concord, as recorded on February 11, 2025. The contract value is $275,000.

How much is the Dk Aviation Properties contract with Town of Concord worth?

The Dk Aviation Properties contract with Town of Concord is valued at $275,000, covering lease extension work.

What type of contract is this?

This is a Lease Extension contract, documented as a minutes record.

Where was this contract approved?

This contract appears in concord-city-council-work-session-minutes-february-11-2025_123.pdf (Minutes), dated February 11, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Dk Aviation Properties hold?

Dk Aviation Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Concord currently buying?

Explore Town of Concord's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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