Koronis Parts to lease new FBO hangar

The City of Paynesville is considering approval of an Airport Lease Agreement with Koronis Parts, Inc. for a new 6,400 square foot FBO hangar, with annual rent escalating from $12,800 in Year 1 to $25,600 in Year 6. The initial term runs from October 1, 2026 through September 30, 2032, followed by automatic renewal periods.

Document date · September 28, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Year 1: $12,800; Year 2: $12,800; Year 3: $16,000; Year 4: $19,200; Year 5: $22,400; Year 6: $25,600

Contract type

FACILITIES

Contract term

October 1, 2026 – September 30, 2032 (initial term)

Renewal date

2032-09-30

Renewal

The lease has an initial six-year term ending September 30, 2032, then automatically renews for successive 12‑month terms unless either party gives 60 days’ written notice before the end of the initial or any renewal term. For years 7–10, rent increases 3% annually; after Year 10, the City may adjust rent at its discretion.

Document type

AgendaPacket

Source document

Paynesville City Council AgendaPacket September 28, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Paynesville?

Koronis Parts Inc was awarded this facilities contract by City of Paynesville, as recorded on September 28, 2026. The contract value is Year 1: $12,800; Year 2: $12,800; Year 3: $16,000; Year 4: $19,200; Year 5: $22,400; Year 6: $25,600.

How much is the Koronis Parts Inc contract with City of Paynesville worth?

The Koronis Parts Inc contract with City of Paynesville is valued at Year 1: $12,800; Year 2: $12,800; Year 3: $16,000; Year 4: $19,200; Year 5: $22,400; Year 6: $25,600, 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 Paynesville City Council AgendaPacket September 28, 2026 (AgendaPacket), dated September 28, 2026 from City of Paynesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Koronis Parts Inc hold?

Koronis Parts Inc 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 Koronis Parts Inc's profile

What is City of Paynesville currently buying?

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