Town of Stowe Agenda Summary Rural Community Transportation Building Lease Agreement 2026-06-24
Green Mountain Transit Ends Moscow Garage Lease
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Description
Green Mountain Transit exercised its termination rights under the 2005 Moscow Garage lease with the Town of Stowe, ending the $1-per-year bus barn facility agreement effective June 30, 2026. The evergreen lease had renewed annually unless advance notice was provided before June 30.
Contract Details
Contract Amount
$1 per year
Vendor
GREEN MOUNTAIN TRANSIT
Agency
Town of Stowe, VT
Contract Type
FACILITIES
Document Date
June 24, 2026
Contract Term
Evergreen lease, automatic annual renewal unless notice provided 30 days before June 30 each year; terminating June 30, 2026 per notice
Renewal Date
2026-06-30
Renewal Info
Originally structured as an evergreen annual lease at $1 per year with automatic renewal unless terminated with at least 30 days’ notice before June 30. GMT issued formal notice on May 18, 2026, to terminate effective June 30, 2026.
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