Housing Authority of Middlesborough Awards Facilities Contract to Roane County Nspc Llc (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

Approximately $3.3 million per year in base rent over 20 years (equal to debt service on a $40,097,682 project loan) plus operating rent initially projected at $15.25/sf for 20,947 sq. ft., excluding utilities; UT also pays pro rata taxes and capital fund contributions

Contract type

FACILITIES

Contract term

20-year initial lease term beginning when certificate of occupancy/substantial completion is accepted or 13 months after loan closing, with 15 additional 5-year options and one 4-year option (up to 99 years total) without additional base rent after year 20

Renewal

Initial 20-year term aligned with project loan amortization, followed by 15 additional 5-year options and one 4-year option; no base rent beyond year 20, but UT continues to pay operating and capital costs if options are exercised.

Document type

AgendaPacket

Source document

University of Tennessee Board of Trustees Executive Committee Agenda Packet 2026-05-04

Related contracts

Other contracts from Roane County Nspc Llc.

View all →

University of Tennessee Executive Committee Agenda May 2026

APPROVED

The University Of Tennessee System Office, TennesseeProject Loan $40,097,682; estimated annual lease payment ~$3.3 million; Operating Rent projected at $15.25/sf for 20,947 sq. ft.; UT responsible for 50% of FF&E costs (estimated total $1,538,205)May 2, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Housing Authority of Middlesborough?

Roane County Nspc Llc was awarded this facilities contract by Housing Authority of Middlesborough, as recorded on May 4, 2026. The contract value is Approximately $3.3 million per year in base rent over 20 years (equal to debt service on a $40,097,682 project loan) plus operating rent initially projected at $15.25/sf for 20,947 sq. ft., excluding utilities; UT also pays pro rata taxes and capital fund contributions.

How much is the Roane County Nspc Llc contract with Housing Authority of Middlesborough worth?

The Roane County Nspc Llc contract with Housing Authority of Middlesborough is valued at Approximately $3.3 million per year in base rent over 20 years (equal to debt service on a $40,097,682 project loan) plus operating rent initially projected at $15.25/sf for 20,947 sq. ft., excluding utilities; UT also pays pro rata taxes and capital fund contributions, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in University of Tennessee Board of Trustees Executive Committee Agenda Packet 2026-05-04 (AgendaPacket), dated May 4, 2026 from Housing Authority of Middlesborough. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Roane County Nspc Llc hold?

Roane County Nspc Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Roane County Nspc Llc's profile

What is Housing Authority of Middlesborough currently buying?

Explore Housing Authority of Middlesborough's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Housing Authority of Middlesborough's profile