Thorne Bay Approves FAA Waterfront Property Lease
City of Thorne BayCity · AK- Disclosed value
- $450.00 (pro-rated Year 1); $1,800.00 per year (Years 2-5) with 5% annual increase on renewal terms
- From agendapacket
- Approved
- Jun 2, 2026
- Renews
- Free account
The 30-second brief
The City of Thorne Bay approved a 5-year lease of municipal property to the Federal Aviation Administration for operation of a weather observation station, with rent starting at $450 (pro-rated first year), then $1800 per year and set 5% annual increases on renewal. The lease runs from July 1, 2026, to September 30, 2031, with three automatic 5-year renewal options unless terminated or notice is given.
Federal Aviation Administration holds this contract with City of Thorne Bay. Its other public contracts on record include work for Naples Airport Authority (NAA) and City of Denton.
The renewal date is on record. A free account shows it, with the renewals for every City of Thorne Bay contract.
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Contract details
- Amount
- $450.00 (pro-rated Year 1); $1,800.00 per year (Years 2-5) with 5% annual increase on renewal terms
- Document date
- June 2, 2026
- Term
- July 1, 2026 – September 30, 2031 (5 years), with option for three 5-year renewals
- Renews
- Free account
- Agency
- City of Thorne Bay
- Source document
- City of Thorne Bay AgendaPacket Regular City Council Meeting 2026-06-02 (AgendaPacket)
Federal Aviation Administration's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Thorne Bay?
Federal Aviation Administration was awarded this government contract by City of Thorne Bay, as recorded on June 2, 2026. The contract value is $450.00 (pro-rated Year 1); $1,800.00 per year (Years 2-5) with 5% annual increase on renewal terms.
How much is the Federal Aviation Administration contract with City of Thorne Bay worth?
The Federal Aviation Administration contract with City of Thorne Bay is valued at $450.00 (pro-rated Year 1); $1,800.00 per year (Years 2-5) with 5% annual increase on renewal terms.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Thorne Bay AgendaPacket Regular City Council Meeting 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Thorne Bay. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Federal Aviation Administration hold?
Federal Aviation Administration 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 City of Thorne Bay currently buying?
Explore City of Thorne Bay's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.