City of Gainesville Agenda Packet 2026-04-21
City Leases Airport Hangar to CFDI Aero
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Description
Gainesville City Council approved a five-year lease with CFDI Aero for the Multi-Use Hangar at the Gainesville Municipal Airport, starting June 1, 2026 at $2,500 per month. The lease includes annual CPI plus 3% rent escalations and requires CFDI Aero to complete hangar improvements.
Contract Details
Contract Amount
$2,500.00 per month with annual CPI plus 3% increases
Vendor
CFDI AERO
Agency
City of Gainesville, TX
Contract Type
FACILITIES
Document Date
April 21, 2026
Contract Term
5 years beginning June 1, 2026
Renewal Date
2031-06-01
Renewal Info
Initial lease term is five years with annual rent escalations based on CPI plus 3%; any renewal options are not specified in the communication.
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