Port Tampa Bay Recommends Shipyard Lease for International Ship Repair
Port Tampa BaySpecial District · Tampa, FL- Disclosed value
- $854,700 annual rent during Lease Year 1; 3% annual rent increases beginning in Lease Year 2; rent credits not to exceed $1,000,000 for electrical improvements; Port Tampa Bay improvements up to $600,000
- From transcript
- Document date
- Nov 3, 2026
The 30-second brief
Port Tampa Bay staff recommended Board approval of a lease with International Ship Repair & Marine Services, Inc. for approximately 21.30 acres at Berth 139. The proposed 20-year lease would generate $854,700 in annual Year 1 rent, increase rent by 3% annually, and include two 10-year extension options.
International Ship Repair & Marine Services Inc holds this facilities contract with Port Tampa Bay.
Term as filed: Initial term of 20 years, with two 10-year lease extension options.
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Contract details
- Contract type
- Facilities
- Amount
- $854,700 annual rent during Lease Year 1; 3% annual rent increases beginning in Lease Year 2; rent credits not to exceed $1,000,000 for electrical improvements; Port Tampa Bay improvements up to $600,000
- Document date
- November 3, 2026
- Term
- Initial term of 20 years, with two 10-year lease extension options
- Vendor
- International Ship Repair & Marine Services Inc
- Agency
- Port Tampa Bay
- Source document
- Tampa Port Authority Transcript International Ship Repair & Marine Services, Inc. – Lease Agreement 2026-11-03 (Transcript)
International Ship Repair & Marine Services Inc's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Port Tampa Bay?
International Ship Repair & Marine Services Inc was awarded this facilities contract by Port Tampa Bay, as recorded on November 3, 2026. The contract value is $854,700 annual rent during Lease Year 1; 3% annual rent increases beginning in Lease Year 2; rent credits not to exceed $1,000,000 for electrical improvements; Port Tampa Bay improvements up to $600,000.
How much is the International Ship Repair & Marine Services Inc contract with Port Tampa Bay worth?
The International Ship Repair & Marine Services Inc contract with Port Tampa Bay is valued at $854,700 annual rent during Lease Year 1; 3% annual rent increases beginning in Lease Year 2; rent credits not to exceed $1,000,000 for electrical improvements; Port Tampa Bay improvements up to $600,000, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a transcript record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Tampa Port Authority Transcript International Ship Repair & Marine Services, Inc. – Lease Agreement 2026-11-03 (Transcript), dated November 3, 2026 from Port Tampa Bay. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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