Airport District Ratifies FedEx Cargo Facility Lease
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Description
The Coos County Airport District Board is asked to ratify a lease agreement with Federal Express Corporation for space in the new cargo facility at Southwest Oregon Regional Airport. The five-year lease, with two five-year renewal options, sets initial rent at $4,800 per month plus utilities, interior maintenance, and applicable airport use fees.
Contract Details
Contract Amount
$4,800 per month
Vendor
FEDERAL EXPRESS CORPORATION
Agency
Coos County Airport District, OR
Contract Type
FACILITIES
Document Date
May 20, 2026
Contract Term
Initial five (5) year term with two additional five (5) year renewal options
Renewal Info
Lease includes an initial 5-year term with two additional 5-year renewal options subject to mutual agreement and tenant not being in default. Annual CPI escalators are capped at 4%.
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