FACILITIESAPPROVED

City of Wichita Awards Facilities Contract to Vantage 906 Llc (February 2024)

Vantage 906, LLC and the City of Wichita entered into a long-term lease agreement for up to 185 parking spaces to serve the new multifamily development. Lease is initially 30 years, with up to three 10-year extensions available, and rent subject to annual adjustment.

Status
APPROVED
Document date
February 20, 2024
Contract type
FACILITIES
Vendor
Vantage 906 Llc
Agency
City of Wichita · KS

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$40/month per parking space, up to 185 spaces (rent adjusts annually, CPI max 5%)
Contract type
FACILITIES
Contract term
30-year initial term from commencement (post-construction), with up to 3 automatic 10-year extensions (maximum 60 years total), month-to-month after initial term, effective date post-completion
Renewal date
Approximately 2054-01-01
Renewal
After 30-year initial term, three additional 10-year terms may be exercised automatically unless terminated. Month-to-month extension and early termination options available to Lessee.
Document type
Agenda
Source document
City of Wichita City Council Meeting Agenda February 20, 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Wichita?

Vantage 906 Llc was awarded this facilities contract by City of Wichita, as recorded on February 20, 2024. The contract value is $40/month per parking space, up to 185 spaces (rent adjusts annually, CPI max 5%).

How much is the Vantage 906 Llc contract with City of Wichita worth?

The Vantage 906 Llc contract with City of Wichita is valued at $40/month per parking space, up to 185 spaces (rent adjusts annually, CPI max 5%), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Wichita City Council Meeting Agenda February 20, 2024 (Agenda), dated February 20, 2024 from City of Wichita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vantage 906 Llc hold?

Vantage 906 Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vantage 906 Llc's profile

What is City of Wichita currently buying?

Explore City of Wichita's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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