City of Fort Madison Awards Facilities Contract to Old Fort Madison Preservation Inc (April 2026)

Scope & details

The full contract record, as filed.

Contract amount

$1.00 annual rent plus $50,000.00 per year operational subsidy; estimated $6,700.00 per year for insurance including ~$3,200.00 for new $1.8 million building

Contract type

FACILITIES

Contract term

April 21, 2026 – April 21, 2051, with automatic additional 25-year extension unless non-renewed for cause

Renewal date

2051-04-21

Renewal

Initial 25-year term from 2026-04-21 to 2051-04-21 with an automatic additional 25-year extension unless either party gives 12 months’ Non-renewal Notice; the City may only issue a Non-renewal Notice for cause based on tenant default or other material violations. After the full term, continued possession with rent acceptance converts to year-to-year tenancy terminable on 30 days’ written notice.

Document type

Agenda

Source document

City of Fort Madison Agenda 2026-04-21

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Lee County Agenda Regular Meeting September 8, 2026

APPROVED

Lee County, IowaSep 8, 2026

Lee County Minutes Board of Supervisors Meeting September 8, 2026

APPROVED

Lee County, Iowa$10,000.00 each year for 5 years; total $50,000.00Sep 8, 2026

City of Fort Madison Agenda Packet 2026-05-05

APPROVED

City of Fort Madison, Iowa$50,000 annually for first five years within a 25-year leaseMay 5, 2026

Fort Madison City Council Minutes 2026-04-21

APPROVED

City of Fort Madison, Iowa$50,000 annually for first five yearsApr 21, 2026

Fort Madison City Council Agenda 2026-04-21

PENDING

City of Fort Madison, IowaApr 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Fort Madison?

Old Fort Madison Preservation Inc was awarded this facilities contract by City of Fort Madison, as recorded on April 21, 2026. The contract value is $1.00 annual rent plus $50,000.00 per year operational subsidy; estimated $6,700.00 per year for insurance including ~$3,200.00 for new $1.8 million building.

How much is the Old Fort Madison Preservation Inc contract with City of Fort Madison worth?

The Old Fort Madison Preservation Inc contract with City of Fort Madison is valued at $1.00 annual rent plus $50,000.00 per year operational subsidy; estimated $6,700.00 per year for insurance including ~$3,200.00 for new $1.8 million building, 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 Fort Madison Agenda 2026-04-21 (Agenda), dated April 21, 2026 from City of Fort Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old Fort Madison Preservation Inc hold?

Old Fort Madison Preservation Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Old Fort Madison Preservation Inc's profile

What is City of Fort Madison currently buying?

Explore City of Fort Madison's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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