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San Juan County approves 3-year lease with PESCO for industrial park; contingent on State Board of Finance approval
Summary
The San Juan County Commission approved a resolution authorizing a three-year lease of the county industrial complex to Process Equipment and Service Company (PESCO), with an appraised monthly rate of $13,750 and an option for two three‑year renewals; final execution is contingent on approval by the State Board of Finance.
San Juan County commissioners voted to approve a resolution authorizing an initial three‑year lease of the San Juan County Industrial Park complex to Process Equipment and Service Company (PESCO), contingent on approval by the State Board of Finance.
The lease, described by county staff as an appraised-rate agreement, sets the monthly lease rate at $13,750. County staff corrected an earlier staff summary that had listed a lower figure and said the three‑year total at the corrected rate is $495,000. The lease includes options for PESCO to renew for two additional three‑year terms, for a maximum potential term of nine…
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