This contract is a municipal lease for a 4,580 sq ft airport hangar located at 6575 Crystal Lane, Prescott Regional Airport. The lease is intended for aviation‑related activities such as aircraft maintenance, repair, flight training, and other specialized services; simple storage is not preferred. The City of Prescott set a minimum monthly rent of $3,435 plus apron and parking fees, with annual CPI‑based adjustments (3‑9 %). The lease term is four years, with the possibility of up to four one‑year extensions. The award was made to Eagle Air Repair, LLC after a competitive bid process that closed on August 14 2025. Evaluation criteria emphasized experience, proposed use, airfield impact, financial offer, and tenant improvements.