Fred K Marchman Technical College Awards Facilities Contract to Vertex Development Llc (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

$22,500.00 per year base rent, escalating 2.5% annually; plus $6,000 per year for each collocating tenant beyond the first; one-time $15,000 tower Capital Contribution; one-time $15,000 Sublessee Collocation Fee per sublessee

Contract type

FACILITIES

Contract term

Initial term of ten (10) years commencing on the first day of the month following the date Tenant begins construction of the Communications Facility, with five (5) successive additional renewal periods of five (5) years each, unless terminated earlier per lease

Renewal

Initial ten (10) year term begins on the first day of the month following commencement of construction of the Communications Facility. Tenant has five (5) successive additional five (5) year renewal options that commence automatically unless Tenant gives written notice of non-renewal at least thirty (30) days before the end of the then-current term. Lease automatically terminates if a building permit is not issued within four (4) years of execution. Holdover, lender cure rights, and right to new lease for lender are also specified.

Document type

Agreement

Source document

School Board of Pasco County Lease Agreement 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Fred K Marchman Technical College?

Vertex Development Llc was awarded this facilities contract by Fred K Marchman Technical College, as recorded on July 20, 2026. The contract value is $22,500.00 per year base rent, escalating 2.5% annually; plus $6,000 per year for each collocating tenant beyond the first; one-time $15,000 tower Capital Contribution; one-time $15,000 Sublessee Collocation Fee per sublessee.

How much is the Vertex Development Llc contract with Fred K Marchman Technical College worth?

The Vertex Development Llc contract with Fred K Marchman Technical College is valued at $22,500.00 per year base rent, escalating 2.5% annually; plus $6,000 per year for each collocating tenant beyond the first; one-time $15,000 tower Capital Contribution; one-time $15,000 Sublessee Collocation Fee per sublessee, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agreement record.

Where was this contract approved?

This contract appears in School Board of Pasco County Lease Agreement 2026-07-20 (Agreement), dated July 20, 2026 from Fred K Marchman Technical College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vertex Development Llc hold?

Vertex Development Llc 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 Vertex Development Llc's profile

What is Fred K Marchman Technical College currently buying?

Explore Fred K Marchman Technical College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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