City of Brenham Agenda Packet 2026-06-04
James III Investments Receives 30-Year Airport Lease
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Description
The City of Brenham approved a 30-year ground-space lease at the municipal airport with James III Investments, LLC for an 11,000 sq. ft. hangar. The lease is $1,100 per year starting June 1, 2026, with rate adjustment provisions.
Contract Details
Contract Amount
$1,100.00 annually
Vendor
JAMES III INVESTMENTS LLC
Agency
City of Brenham, TX
Contract Type
FACILITIES
Document Date
June 4, 2026
Contract Term
30 years (June 1, 2026 – June 1, 2056)
Renewal Date
2056-06-01
Renewal Info
30-year term. Lease rate may increase up to $0.02/sq.ft. per five years as prevailing rates change. Subject to renewal/transfer options before 2056.
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