FACILITIESAPPROVED

Auburn University Board of Trustees Agenda Packet 2026-06-05

AIDB to Develop North Auburn Fisheries Research Facility

Up to $10,000,000 in University funds to design, construct, and equip facility (to be reimbursed from USFWS grant funding); ground lease rent $10.00/year (nominal)Auburn University At MontgomeryAUBURN INDUSTRIAL DEVELOPMENT BOARDJune 5, 2026

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Description

Auburn University plans to enter a ground lease and project agreement with the Auburn Industrial Development Board to deliver a new cooperative fisheries research facility on a seven-acre site in North Auburn. The University will fund up to $10 million in design, construction, and equipment costs, expected to be reimbursed by USFWS, and will lease the facility from AIDB for up to 20 years before assuming ownership.

Contract Details

Contract Amount

Up to $10,000,000 in University funds to design, construct, and equip facility (to be reimbursed from USFWS grant funding); ground lease rent $10.00/year (nominal)

Vendor

AUBURN INDUSTRIAL DEVELOPMENT BOARD

Agency

Auburn University At Montgomery, AL

Contract Type

FACILITIES

Document Date

June 5, 2026

Contract Term

Ground Lease and Project Agreement each for a term up to 20 years

Renewal Info

Initial ground lease and project agreement terms not to exceed 20 years; any renewal or extension beyond that period would require separate approval.