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Debate splits Legislature over Bill 176-38 that would let qualifying tenants renew government leases at appraised rates
Summary
Bill 176-38, which would let tenants in good standing extend government leases at fair-market rents determined by appraisers paid by tenants, advanced to third reading after a contested floor debate over procurement, fairness, and examples involving AT&T and Smithbridge.
Lawmakers sent Bill 176-38 to third reading after an extended, at-times sharp debate over whether the measure would improperly circumvent procurement rules for government land leases.
The bill’s sponsor argued the measure creates an option for commercial tenants who have occupied government land for at least five years and remain in good standing to extend their lease at fair market rent — determined by an appraiser licensed to do business on Guam and paid for by the tenant — for additional terms that in total do not exceed 15 years. Proponents said the provision would preserve continuity for small businesses,…
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