City and Borough of Juneau Assembly Meeting Agenda February 2026
Port Director Authorized to Negotiate Petro 49 Lease
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Description
The Assembly is considering Ordinance 2026-09 to authorize the Port Director to negotiate and execute a new 35-year lease of Alaska Tidelands Survey No. 857 with Petro 49, Inc. The lease supports waterfront commercial activity on 3,822 square feet of tidelands near the National Guard Dock and would replace an expiring state-negotiated lease.
Contract Details
Vendor
PETRO 49 INC
Agency
Juneau International Airport Board, AK
Contract Type
FACILITIES
Document Date
February 9, 2026
Contract Term
35-year lease
Renewal Date
2061-09-30
Renewal Info
Proposed new 35-year lease to replace an existing lease expiring September 2026, which includes a preferential right of renewal for the lessee.
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