Long-Term Waterfront Lease Planned for Petro 49, Inc.
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Description
The Juneau Port Director may negotiate and execute a new 35-year lease with Petro 49, Inc. for waterfront tideland property used for commercial activity. Terms include fair market rent and option for renewal by mutual agreement.
Contract Details
Vendor
PETRO 49 INC
Agency
Juneau International Airport Board, AK
Contract Type
OTHER
Document Date
January 12, 2026
Contract Term
35 years with option for another 35 years by mutual agreement and ordinance
Renewal Date
2061-09-15
Renewal Info
Option for up to one additional 35-year renewal by mutual agreement and ordinance.
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