Airport Hangar Land Lease Recommended for Seacoast Association
City of SanfordCity · Sanford, ME- Disclosed value
- $938.79 for the partial year beginning October 1, 2026; $3,755.16 for the first full year; approximately $190,274 projected cumulative revenue for both leases over 20 years
- From agenda
- Document date
- Nov 15, 2026
- Renews
- Free account
The 30-second brief
Sanford officials are reviewing and recommending approval of a long-term airport land lease with Seacoast Hangar Condominium Association. The lease covers a 10-unit private aircraft hangar and would generate $3,755.16 in annual rent initially, with a 20-year term and a possible 10-year extension.
Seacoast Hangar Condominium Association holds this facilities contract with City of Sanford.
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Contract details
- Contract type
- Facilities
- Amount
- $938.79 for the partial year beginning October 1, 2026; $3,755.16 for the first full year; approximately $190,274 projected cumulative revenue for both leases over 20 years
- Document date
- November 15, 2026
- Term
- Preliminary period October 1, 2026 – December 31, 2026; initial term January 1, 2027 – December 31, 2046; one optional 10-year extension January 1, 2047 – December 31, 2056
- Renews
- On record
- Agency
- City of Sanford
- Source document
- City of Sanford Agenda Municipal Operations & Property Meeting 2026-11-17 (Agenda)
Seacoast Hangar Condominium Association's other public contracts
More City of Sanford contracts
Questions about this contract
Who was awarded the facilities contract by City of Sanford?
Seacoast Hangar Condominium Association was awarded this facilities contract by City of Sanford, as recorded on November 15, 2026. The contract value is $938.79 for the partial year beginning October 1, 2026; $3,755.16 for the first full year; approximately $190,274 projected cumulative revenue for both leases over 20 years.
How much is the Seacoast Hangar Condominium Association contract with City of Sanford worth?
The Seacoast Hangar Condominium Association contract with City of Sanford is valued at $938.79 for the partial year beginning October 1, 2026; $3,755.16 for the first full year; approximately $190,274 projected cumulative revenue for both leases over 20 years, 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 Sanford Agenda Municipal Operations & Property Meeting 2026-11-17 (Agenda), dated November 15, 2026 from City of Sanford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Seacoast Hangar Condominium Association hold?
Seacoast Hangar Condominium Association 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 Sanford currently buying?
Explore City of Sanford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
