Common Contracts
2 similar null contracts
World View Modification of Lease-Purchase AgreementJune 29th, 2021
Pima County and World View Enterprises entered into a lease-purchase agreement in 2016 under which World View leases from the County a headquarters and manufacturing facility at the County’s Aerospace Research Campus. The rent under the agreement was structured to fully compensate the County for its investment in the facility and the 12-acre parcel of land on which it is located. It provides that, at the end of the 20-year term, after paying almost $25 million in rent, World View can take title to the property for a nominal payment--$10.00. The Board entered into the lease-purchase agreement as an economic-development activity under A.R.S. § 11- 254.04.
July 6, 2021 World View Modification of Lease-Purchase AgreementJune 29th, 2021
Pima County and World View Enterprises entered into a lease-purchase agreement in 2016 under which World View leases from the County a headquarters and manufacturing facility at the County’s Aerospace Research Campus. The rent under the agreement was structured to fully compensate the County for its investment in the facility and the 12-acre parcel of land on which it is located. It provides that, at the end of the 20-year term, after paying almost $25 million in rent, World View can take title to the property for a nominal payment--$10.00. The Board entered into the lease-purchase agreement as an economic-development activity under A.R.S. § 11- 254.04.
