Council Rescinds Cordova Powersports Land Lease-Option | Town of Cordova | CORDOVA POWERSPORTS LLC

Scope & details

The full contract record, as filed.

Contract amount

Annual rent $3,000 for first four years; purchase price $30,000 (reduced by rent paid in first four years); lessee reimburses survey costs

Contract type

FACILITIES

Contract term

Ten-year lease with option to purchase; substantial completion required within four years

Renewal

Original lease-option terms included rent-based credits against a $30,000 purchase price during the first four years and CPI-based rent adjustments after four years; those terms are now void following rescission, and any future agreement will require new Council approval.

Document type

Agenda

Source document

town-of-cordova-agenda-2020-06-03_ede.pdf

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City of Cordova AgendaPacket Special City Council Meeting 2026-09-09

city-of-atka-meeting-packet-2020-03-04_ec2.pdf

APPROVED

City of Atka, AlaskaMar 4, 2020

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Town of Cordova?

Cordova Powersports Llc was awarded this facilities contract by Town of Cordova, as recorded on June 3, 2020. The contract value is Annual rent $3,000 for first four years; purchase price $30,000 (reduced by rent paid in first four years); lessee reimburses survey costs.

How much is the Cordova Powersports Llc contract with Town of Cordova worth?

The Cordova Powersports Llc contract with Town of Cordova is valued at Annual rent $3,000 for first four years; purchase price $30,000 (reduced by rent paid in first four years); lessee reimburses survey costs, 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-cordova-agenda-2020-06-03_ede.pdf (Agenda), dated June 3, 2020 from Town of Cordova. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cordova Powersports Llc hold?

Cordova Powersports 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 Cordova Powersports Llc's profile

What is Town of Cordova currently buying?

Explore Town of Cordova's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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