UM to extend Torrey Hall lease with MD7
University Of Maine-System Central OfficeHigher Ed · Orono, ME- Disclosed value
- $1,450.00 per month; approximately $480,700 over 25 years
- From minutes
- Document date
- May 4, 2022
The 30-second brief
The Committee recommended that the Board authorize the University of Maine to modify and extend its lease with MD7, LLC for telecommunications space at Torrey Hall on the Machias campus. The agreement sets rent at $1,450 per month with 5% increases every five-year term and options extending up to 25 years.
Md7 LLC holds this facilities contract with University Of Maine-System Central Office. Its other public contracts on record include work for Brazoria County Mud 2 and City of Henderson.
Term as filed: Initial 5-year term beginning May 1, 2022 with four additional 5-year renewal options (total potential 25 years); current lease Feb 1, 2019–Jan 31, 2024.
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Contract details
- Contract type
- Facilities
- Amount
- $1,450.00 per month; approximately $480,700 over 25 years
- Document date
- May 4, 2022
- Term
- Initial 5-year term beginning May 1, 2022 with four additional 5-year renewal options (total potential 25 years); current lease Feb 1, 2019–Jan 31, 2024
- Vendor
- Md7 LLC
- Source document
- university-of-maine-system-finance-facilities-technology-committee-minutes-fy23-budget-capital-plan-may-4-2022_db6.md (Minutes)
Md7 LLC's other public contracts
More University Of Maine-System Central Office contracts
Questions about this contract
Who was awarded the facilities contract by University Of Maine-System Central Office?
Md7 LLC was awarded this facilities contract by University Of Maine-System Central Office, as recorded on May 4, 2022. The contract value is $1,450.00 per month; approximately $480,700 over 25 years.
How much is the Md7 LLC contract with University Of Maine-System Central Office worth?
The Md7 LLC contract with University Of Maine-System Central Office is valued at $1,450.00 per month; approximately $480,700 over 25 years, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in university-of-maine-system-finance-facilities-technology-committee-minutes-fy23-budget-capital-plan-may-4-2022_db6.md (Minutes), dated May 4, 2022 from University Of Maine-System Central Office. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Md7 LLC hold?
Md7 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 University Of Maine-System Central Office currently buying?
Explore University Of Maine-System Central Office's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.