Five-Year Lease Extension for Tanasbourne Police Precinct
City of HillsboroCity · Hillsboro, OR- Disclosed value
- $18,492 per month base rent for first year of renewed lease; $24,000 rent credit incentive if full five-year term is used
- From agendapacket
- Document date
- Apr 12, 2022
- Renews
- Free account
The 30-second brief
Hillsboro staff recommends a five‑year lease extension with Pacific NW Properties for the Tanasbourne Police Precinct, starting at $18,492 per month with 3% annual escalations and a $24,000 rent credit if the full term is used. The lease includes a one‑time early termination option on 180 days’ notice with no penalty to align with construction of the new Police Headquarters.
Pacific Nw Properties holds this facilities contract with City of Hillsboro.
The renewal date is on record. A free account shows it, with the renewals for every City of Hillsboro contract.
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Contract details
- Contract type
- Facilities
- Amount
- $18,492 per month base rent for first year of renewed lease; $24,000 rent credit incentive if full five-year term is used
- Document date
- April 12, 2022
- Term
- Five-year lease extension beginning September 1, 2022 (following current lease expiration August 31, 2022), with one-time early termination right on 180 days’ notice
- Renews
- Free account
- Vendor
- Pacific Nw Properties
- Agency
- City of Hillsboro
- Source document
- City of Hillsboro Finance Committee Meeting Agenda Packet 2022-04-12 (AgendaPacket)
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Questions about this contract
Who was awarded the facilities contract by City of Hillsboro?
Pacific Nw Properties was awarded this facilities contract by City of Hillsboro, as recorded on April 12, 2022. The contract value is $18,492 per month base rent for first year of renewed lease; $24,000 rent credit incentive if full five-year term is used.
How much is the Pacific Nw Properties contract with City of Hillsboro worth?
The Pacific Nw Properties contract with City of Hillsboro is valued at $18,492 per month base rent for first year of renewed lease; $24,000 rent credit incentive if full five-year term is used, 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 Hillsboro Finance Committee Meeting Agenda Packet 2022-04-12 (AgendaPacket), dated April 12, 2022 from City of Hillsboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pacific Nw Properties hold?
Pacific Nw Properties 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 Hillsboro currently buying?
Explore City of Hillsboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.