Concord Weighs 16-Year Airport Lease Extension
Town of ConcordCity · NE- Disclosed value
- Reversion deferral fee total $275,000, payable in four installments of $68,750 (February 2025, 2026, 2027, 2028)
- From agenda
- Document date
- Feb 13, 2025
- Renews
- Free account
The 30-second brief
The City of Concord is considering a 16-year extension of its general aviation lease with DK Aviation Properties LLC, extending the term to October 29, 2064, with a $275,000 reversion deferral fee paid in four annual installments. The proposal follows an aviation lease analysis by an outside consultant and maintains consistency with prior council actions.
Dk Aviation Properties LLC holds this facilities contract with Town of Concord. Its other public contracts on record include work for City of Concord city.
The renewal date is on record. A free account shows it, with the renewals for every Town of Concord contract.
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Contract details
- Contract type
- Facilities
- Amount
- Reversion deferral fee total $275,000, payable in four installments of $68,750 (February 2025, 2026, 2027, 2028)
- Document date
- February 13, 2025
- Term
- Lease extended additional 16 years; current lease expires 10/29/48, new termination 10/29/64
- Renews
- Free account
- Agency
- Town of Concord
- Source document
- town-of-concord-agenda-major-economic-development-grants-fy26-benefit-rates-feb-13-2025_5c4.md (Agenda)
Dk Aviation Properties LLC's other public contracts
More Town of Concord contracts
Questions about this contract
Who was awarded the facilities contract by Town of Concord?
Dk Aviation Properties LLC was awarded this facilities contract by Town of Concord, as recorded on February 13, 2025. The contract value is Reversion deferral fee total $275,000, payable in four installments of $68,750 (February 2025, 2026, 2027, 2028).
How much is the Dk Aviation Properties LLC contract with Town of Concord worth?
The Dk Aviation Properties LLC contract with Town of Concord is valued at Reversion deferral fee total $275,000, payable in four installments of $68,750 (February 2025, 2026, 2027, 2028), 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 town-of-concord-agenda-major-economic-development-grants-fy26-benefit-rates-feb-13-2025_5c4.md (Agenda), dated February 13, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Dk Aviation Properties LLC hold?
Dk Aviation Properties 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.
What is Town of Concord currently buying?
Explore Town of Concord's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.