town-of-valley-agenda-2025-06-25_f68.pdf
Gillespie Field ground lease term extended
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Description
Amendment to industrial ground lease extends the term to an additional 25 years, allowing a total potential lease term of 99 years and allows WELD to access financing opportunities, continue developing the project, support its amortization, and align with best leasing practices.
Contract Details
Contract Amount
NA
Vendor
SGCLMCWELD INVESTMENT
Agency
Town of Valley, SD
Contract Type
Industrial ground lease amendment
Document Date
June 25, 2025
Contract Term
50 years, extendable to 99 years
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