Hart & Teal Submit Hollerwood Park Lease Proposal
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Description
Charles Hart and Ian Teal proposed a 15-year lease for Hollerwood Offroad Adventure Park at $130,000 annually for the first five years with a $65,000 initial payment at execution. The proposal includes indexed rent adjustments in later years and insurance requirements naming the County as additional insured.
Contract Details
Contract Amount
$130,000.00 per year (years 1–5); $65,000.00 initial payment
Vendor
HOLLERWOOD OFFROAD ADVENTURE PARK
Agency
Powell County, KY
Contract Type
FACILITIES
Document Date
March 25, 2026
Contract Term
Initial lease term 180 months (15 years)
Renewal Info
Initial 15-year lease term; future renewals or extensions would follow terms to be set in the final agreement.
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