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Awarded contract·Pinal County·Arizona

Town of Mammoth Municipal

Won by Town of Mammoth$50kSingle Award
Contract source

Awarded vendors

  • Town of Mammoth

Description

This contract is a lease agreement between Pinal County and the Town of Mammoth for a property located at 116-118 Catalina Street, Mammoth, AZ 85618. The lease is for a term of 5 years, with an option to renew for an additional 4 successive 5-year terms. The rent is $1.00 per year, and the tenant is responsible for paying utilities and maintaining the property. The contract includes provisions for termination, default, and indemnification. Key points of the contract include: • The lease is for a term of 5 years, with an option to renew for an additional 4 successive 5-year terms. • The rent is $1.00 per year. • The tenant is responsible for paying utilities and maintaining the property. • The contract includes provisions for termination, default, and indemnification. • The lease is subject to the laws of the State of Arizona.

Attached files

Key dates

Starts
10/1/2022
Ends
9/30/2027Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
2023-011143

Contract value

$50,000

Based on the contract document, the estimated value of the contract is $1.00 per year, for a total of $5.00 over the 5-year term of the lease. However, this amount does not include the cost of utilities and maintenance, which are the responsibility of the tenant. Therefore, the total value of the contract is likely to be higher than $5.00. A more realistic estimate of the contract value would be in the range of $10,000 to $50,000 per year, depending on the cost of utilities and maintenance. Over the 5-year term of the lease, the total value of the contract could be in the range of $50,000 to $250,000.

AI estimate from the award documents

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