CONTRACTONGOING

Pueblo Motorsports Park: 25-Year Lease Agreement Approved

City of Pueblo
Disclosed value
$25,000
From contract
Document date
Jan 1, 2025
Term
25 years

The 30-second brief

What it covers

City of Pueblo enters into a 25-year lease and management agreement with South Prairie and O'Neil Enterprises, LLC for the Pueblo Motorsports Park, beginning January 1, 2025. The agreement includes a tiered rent structure with initial years at $0, followed by $25,000 annually with CPI-U based increases.

Who holds it

South Prairie & Oneil holds this lease and management agreement contract with City of Pueblo.

What happens next

Term as filed: 25 years.

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Contract details

Contract type
Lease And Management Agreement
Amount
$25,000
Document date
January 1, 2025
Term
25 years
Vendor
South Prairie & Oneil
Source document
city-of-pueblo-lease-and-management-agreement-for-pueblo-motorsports-park_2a0.pdf (Contract)

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Questions about this contract

Who was awarded the lease and management agreement contract by City of Pueblo?

South Prairie & Oneil was awarded this lease and management agreement contract by City of Pueblo, as recorded on January 1, 2025. The contract value is $25,000.

How much is the South Prairie & Oneil contract with City of Pueblo worth?

The South Prairie & Oneil contract with City of Pueblo is valued at $25,000, covering lease and management agreement work.

What type of contract is this?

This is a Lease And Management Agreement contract, documented as a contract record.

Where was this contract approved?

This contract appears in city-of-pueblo-lease-and-management-agreement-for-pueblo-motorsports-park_2a0.pdf (Contract), dated January 1, 2025 from City of Pueblo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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