FACILITIESPENDING

Cordova Considers Lease-to-Own Agreement with PWSEDD

The Cordova City Council is considering authorizing a 10-year lease with an option to purchase waterfront property for the Prince William Sound Economic Development District. The agreement provides for $18,000 in annual base rent during the first five years and a purchase price of $180,000, subject to stated adjustments and credits.

Document date · September 16, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
$18,000 annual base rent for the first five years ($1,500 per month); $180,000 purchase price if the option is exercised on or before the fifth anniversary, less base rent paid; thereafter fair market value
Contract type
FACILITIES
Contract term
10 years, commencing September XX, 2026 and terminating September XX, 2036, unless earlier terminated
Renewal
The lease expressly provides no renewal option. The lessee may exercise the purchase option during the 10-year lease term, subject to substantial completion and other conditions.
Document type
AgendaPacket
Source document
City of Cordova AgendaPacket September 16 2026 Regular City Council Meeting 2026-09-16

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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 Cordova?

Prince William Sound Economic Development District was awarded this facilities contract by City of Cordova, as recorded on September 16, 2026. The contract value is $18,000 annual base rent for the first five years ($1,500 per month); $180,000 purchase price if the option is exercised on or before the fifth anniversary, less base rent paid; thereafter fair market value.

How much is the Prince William Sound Economic Development District contract with City of Cordova worth?

The Prince William Sound Economic Development District contract with City of Cordova is valued at $18,000 annual base rent for the first five years ($1,500 per month); $180,000 purchase price if the option is exercised on or before the fifth anniversary, less base rent paid; thereafter fair market value, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Cordova AgendaPacket September 16 2026 Regular City Council Meeting 2026-09-16 (AgendaPacket), dated September 16, 2026 from City of Cordova. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prince William Sound Economic Development District hold?

Prince William Sound Economic Development District 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 Prince William Sound Economic Development District's profile

What is City of Cordova currently buying?

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