Lease of Airport Hanger at 6565 Crystal Lane (Airport)

The City of Prescott awarded a lease for the existing 2,700 sq ft hangar (plus office space) at 6565 Crystal Lane to Leighnor Aircraft, LLC. The lease runs for an initial three‑year term with the possibility of three additional one‑year extensions, subject to mutual written agreement. The minimum monthly rent is $3,843.75, with CPI‑based adjustments (3‑9 % annually) and additional ramp‑access and community parking fees. The procurement was conducted via an open competitive RFP, with bids due on October 3 2024 and the award formalized on November 20 2024. • Lease of a fixed‑use hangar for aircraft maintenance, repair, and flight training. • Initial term 3 years, up to three optional 1‑year extensions. • Minimum rent $3,843.75/mo plus CPI adjustments and ancillary fees. • Awarded to Leighnor Aircraft, LLC after open competition.