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  5. ›Lease Agreement - Rural Metro (Revenue)

Awarded contract·Town of Fountain Hills·Arizona

Lease Agreement - Rural Metro (Revenue)

Won by Rural Metro Corporation$1MSingle Award
Contract source

Awarded vendors

  • Rural Metro Corporation

Description

The contract is a lease agreement between the Town of Fountain Hills and Rural Metro Corporation for the use of certain areas within Fire Station 1 and Fire Station 2. The initial term of the lease is five years, with options to renew for two additional two-year terms. The lease is subject to the provisions of the Fire Protection and Emergency Medical Services Agreement dated June 30, 2017. Key aspects of the contract include the description of the premises, the term of the lease, and the relationship to the Fire Services Agreement. Some of the key points of the contract are: • The lease is for a non-exclusive basis and the areas to be leased are designated by the Landlord from time to time. • The Tenant has the option to extend the Initial Term for two additional two-year terms. • The Term of the lease must coincide with the term of the Fire Protection and Emergency Medical Services Agreement. • The contract includes provisions for the use of shared facilities, such as parking lots, day rooms, and restrooms. • The lease is subject to the provisions of the Fire Services Agreement, which includes provisions for fire protection and emergency medical services.

Attached files

Key dates

Starts
7/1/2017
Ends
6/30/2024Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531110
Solicitation №
2018-027

Contract value

$1,000,000

The contract value is not explicitly stated in the document. However, based on the lease agreement for the use of certain areas within Fire Station 1 and Fire Station 2, the contract value can be estimated to be around $100,000 to $500,000 per year, considering the costs of maintenance, utilities, and other expenses associated with the lease. The total contract value for the initial term of five years could be estimated to be around $500,000 to $2,500,000.

AI estimate from the award documents

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