City of Willow Springs AgendaPacket Regular Council Meeting 2026-05-19
City Renews Jasper Engines Industrial Lease Through 2031
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Description
The City of Willow Springs is renewing its lease agreement with Jasper Engines for the industrial building and property at 300 Industrial Drive. The renewal exercises a five-year option extending the lease from May 31, 2026 through May 31, 2031, with no changes to existing provisions.
Contract Details
Vendor
JASPER ENGINES
Agency
City of Willow Springs, MO
Contract Type
FACILITIES
Document Date
May 19, 2026
Contract Term
Five (5) year lease extension from June 1, 2026 to May 31, 2031
Renewal Date
2031-05-31
Renewal Info
Jasper Engines is exercising a five-year option under the existing 2004 lease/purchase agreement, extending the lease from May 31, 2026 to May 31, 2031 with no change in provisions. Future renewals, if any, would depend on remaining option terms in the original agreement.
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