Airport Hangar at 6599 Crystal Lane (Airport)

This contract awards the lease of Hangar E1 (6,600 sq ft) at 6599 Crystal Lane, Prescott Regional Airport, to Crosswind Leasing, LLC for the purpose of conducting aircraft maintenance, repair, flight‑training, and other specialized aviation services. The lease term is three years with the option for up to five one‑year extensions, subject to mutual agreement. The lessee must meet a minimum monthly rent of $3,850, with annual CPI‑Urban adjustments (3 %–9 %). Additional recurring charges total $770.50 per month for apron and parking usage and a $50 fire‑monitoring fee. The lessee must maintain extensive insurance coverage (e.g., $5 M general liability, $1 M auto, $2 M environmental) and comply with FAA Part 139, environmental statutes, and a long list of civil‑rights and safety regulations. Proposals were due by 2:00 pm on January 30 2025, and the City Council approved the award on April 8 2025. • Lease of 6,600 sq ft hangar with preferential apron access. • Minimum rent $3,850/mo plus $770.50/mo ancillary fees; CPI‑based rent escalations. • Required insurance limits and compliance with FAA, environmental, and nondiscrimination statutes. • Initial term 3 years, renewable up to five additional one‑year terms. • Awarded to Crosswind Leasing, LLC via competitive RFP process.