Lease and Development of Property At Sebastian Municipal Airport (Parcels G4, G5, G6, G7, G8)

The City of Sebastian, Florida is seeking proposals through RFP 26-04-RFP for the lease and development of five pre-existing airport property sites (Parcels G4, G5, G6, G7, G8) at Sebastian Municipal Airport. The procurement is designed to attract qualified individuals or businesses to develop and self-build 60'x60' aircraft hangars, with each site operating under a separate ground lease consistent with Federal Aviation Administration regulations and Airport Minimum Standards. Proposers must demonstrate financial and organizational capacity to implement capital infrastructure successfully and provide a vision for establishing the airport as a stable, viable entity. The evaluation criteria will assess qualifications and experience (32 points), business plan alignment (32 points), benefits to the airport (20 points), and proposed rental rate (16 points), totaling 100 possible points. Key dates include a non-mandatory pre-proposal meeting on November 18, 2025, a question deadline of November 25, 2025, and proposal submissions due electronically via VendorLink by December 11, 2025, at 2:00 PM local time, with a virtual bid opening at 2:10 PM the same day.

The opportunity does not appear to have specific set-aside designations for disadvantaged enterprises, though a local vendor preference exists for entities maintaining a business tax receipt in Sebastian or Indian River County for at least one year prior to bid opening. Proposers must be registered with Florida's Division of Corporations and have operated under the same Federal Employer Identification Number (FEIN) for at least three years. The resulting contract will be a 30-year ground lease with two optional 10-year renewal extensions, with a minimum base rent of $0.40 per square foot annually, subject to annual adjustments. Successful proposers must execute lease agreements within 30 days of award notification, anticipated in January 2026, and will be required to provide a performance bond equal to 100 percent of total construction costs. Prior to construction, developers must obtain written approval for all plans and specifications, with construction to be completed within 180 days of commencement. While no specific budget range is explicitly stated, proposers will need to demonstrate sufficient financial capacity to construct and maintain aircraft hangars on the designated parcels.