Hangar 1845 Building and Ground Lease

This contract is a long‑term building and ground lease for Hangar 1845 at Jacksonville’s Cecil Airport. The lease grants Million Air Jacksonville (Cecil Field Aviation Partners, LLC) the exclusive right to occupy and operate the hangar as a Fixed‑Base Operator, providing aviation services to the airport community. The agreement was executed by the Jacksonville Aviation Authority after a Request for Interest process, but financial terms such as rent amounts, escalation clauses, or security deposits are not disclosed in the excerpt. The lease runs for twenty years, expiring in 2043, with no publicly stated renewal provisions. • Parties: Jacksonville Aviation Authority (authority) and Million Air Jacksonville (lessee). • Subject: Lease of Hangar 1845, including associated ground space, for FBO operations. • Duration: Effective 04/1/2023 through 03/31/2043 (20‑year term). • Procurement: Awarded via a sole‑source RFI process; no competitive bidding deadline was provided.