FACILITIESAWARDED

Sarasota Manatee Airport Authority Awards Facilities Contract to Roper Technologies Inc (May 2024)

The Sarasota Manatee Airport Authority approved a long‑term lease and development agreement with Roper Technologies, Inc. for private aircraft storage on roughly 90,670 square feet of airport land. The contract features an initial 20‑year term with a 10‑year renewal option, CPI‑indexed land rent starting at $77,070 annually, and required capital investment totaling $16 million across two phases. The agreement includes a security deposit equal to the first year’s rent.

Document date · May 13, 2024

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Initial land rental rate of $77,070.00 annually; minimum capital expenditure $8.5 million (phase one) and $7.5 million (phase two)
Contract type
FACILITIES
Contract term
Initial 20-year term with one 10-year renewal term
Renewal date
2054-09-30
Renewal
One optional 10‑year renewal term following the initial 20‑year term; rental rate subject to CPI adjustments every three years and appraisal adjustment at the completion of the initial term.
Document type
Agenda
Source document
sarasota_manatee_airport_authority_regular_meeting.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Sarasota Manatee Airport Authority?

Roper Technologies Inc was awarded this facilities contract by Sarasota Manatee Airport Authority, as recorded on May 13, 2024. The contract value is Initial land rental rate of $77,070.00 annually; minimum capital expenditure $8.5 million (phase one) and $7.5 million (phase two).

How much is the Roper Technologies Inc contract with Sarasota Manatee Airport Authority worth?

The Roper Technologies Inc contract with Sarasota Manatee Airport Authority is valued at Initial land rental rate of $77,070.00 annually; minimum capital expenditure $8.5 million (phase one) and $7.5 million (phase two), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in sarasota_manatee_airport_authority_regular_meeting.pdf (Agenda), dated May 13, 2024 from Sarasota Manatee Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Roper Technologies Inc hold?

Roper Technologies Inc 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 Roper Technologies Inc's profile

What is Sarasota Manatee Airport Authority currently buying?

Explore Sarasota Manatee Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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