City of Wausau Finance Committee Agenda 2026-06-23
A75N1 LLC To Assume Airport Hangar Leasehold
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Description
A75N1 LLC has offered $284,999 to acquire the leasehold interest and hangar at 931 Woods Place at the Wausau Downtown Airport, with closing targeted on or before July 8, 2026. The Finance Committee will consider approving a corresponding airport ground lease with A75N1 LLC for the site.
Contract Details
Contract Amount
$284,999.00
Vendor
A75N1 LLC
Agency
City of Wausau, WI
Contract Type
FACILITIES
Document Date
June 23, 2026
Contract Term
Ground lease assignment and hangar purchase; original lease term 20 years from July 10, 2018 with automatic renewal unless notice given 45 days before expiration
Renewal Date
2038-07-10
Renewal Info
A75N1 LLC’s interest will be governed by the City’s existing airport ground lease template providing a 20-year initial term from July 10, 2018 with automatic renewals unless either party gives 45 days’ written notice prior to term end.
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City of Wausau Finance Committee Agenda 2026-06-23
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City of Wausau Board of Public Works Agenda 2026-06-23
City of Wausau Board of Public Works Agenda 2026-06-23
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