City of Georgetown Agenda Notice of Meeting of the City Council June 9, 2026
City Approves 30-Year Airport Ground Lease with GTU Property Developer
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Description
The City Council approved a 30-year ground lease with GTU Property Developer, LLC for construction and operation of hangars at the Georgetown Executive Airport, with an option for a 10-year extension.
Contract Details
Vendor
GTU PROPERTY DEVELOPER LLC
Agency
City of Georgetown, TX
Contract Type
FACILITIES
Document Date
June 9, 2026
Contract Term
30 years with optional 10-year extension
Renewal Info
Optional ten year extension under the same terms and conditions.
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