|From:||Lenny Siegel <email@example.com>|
|Date:||Fri, 19 Nov 2010 09:58:06 -0800 (PST)|
|Subject:||[CPEO-MEF] REUSE: Guam Naval ship repair facility|
NAVFAC Seeks "Fair Market Value" Lease for Shipyard Facility; The
Property Won't Go Back to GovGuam
by Kevin Kerrigan Guam News November 19, 2010Guam - The "no-fee" lease between the Guam Economic Development Authority [GEDA] and the Navy for about 45 acres of land down on Naval Station has expired. The Navy now has to negotiate a new lease for the land, but it will be under different terms. This time, a lease fee for occupying the land will be charged.
15 years ago following a recommendation by the Base Closure and Re-Alignment Commission [BRAC] the Navy entered into an agreement with the Guam Economic Development Authority to lease the Navy's ship repair facility to GEDA.
The facility sits on about 45 acres of land. And the deal the Navy offered was a no-fee lease "in lieu of conveyance" because the intent, at the time, was to eventually turn the property back over to GovGuam. As a result GEDA has not been paying any fee to the Navy for using the property.
... For the entire article, see http://www.pacificnewscenter.com/index.php?option=com_content&view=article&id=9461:20101119kkguam-shipyard&catid=45:guam-news&Itemid=156 -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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