COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE — BILL NO. 36-0311

Collection: Hearing Records
Sub-shelf: Budget, Appropriations and Finance
Kind: Hearing Record
Entity: Legislature of the Virgin Islands
Date: 2026
Type: Bill No. 36-0311
Topics: Procurement
Pages: 2
Text: Native Text
Identifiers: Bill No. 36-0311, Bill 36-0311

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Original source: https://legvi.org/committeemeetings/Budget,%20Appropriations%20and%20Finance/FY%202027%20Budget%20Hearings/August%203,%202026/Block%20III/Bill%20No.%2036-0311/Bill%20No.%2036-0311/36-0311%20(1).pdf

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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0311 Thirty-Sixth Legislature of the Virgin Islands June 11, 2026 An act approving a multi-year lease agreement between the Government of the Virgin Islands, acting through its Commissioner of the Department of Property and Procurement, and L.J. Auto Repairs LLC, for a portion of Parcel No. 22 Revised Submarine Base, No.6 Southside Quarter, St. Thomas, consisting of 3,400 U.S. sq. ft. or 0.078 U.S. acre(s), more-or-less, of semi- improved land to operate a garage and auto repair shop PROPOSED BY: Senator Milton E. Potter, by Request of the Governor Be it enacted by the Legislature of the Virgin Islands: 1 WHEREAS, on May 28, 2026, the Governor of the Virgin Islands approved the lease 2 agreement between the Government of the Virgin Islands and L.J. Auto Repairs LLC; 3 WHEREAS, L.J. Auto Repairs LLC is leasing a portion of Parcel No. 22 Revised 4 Submarine Base, No.6 Southside Quarter, St. Thomas, consisting of 3,400 U.S. sq. ft. or 0.078 5 U.S. acre(s), more-or-less, of semi-improved land to be used for a garage and auto repair shop; 6 WHEREAS, the premises are leased for an initial term of 2 0 years, with two options 7 to renew for two additional terms of 10 years each; 8 WHEREAS, the rent will be $24,000 per annum, payable in equal monthly installments 9 of $2,000; and 10 WHEREAS, title 31 Virgin Islands Code, chapter 21, section 205, subsection (c) 11 provides that in addition to the Governor’s approval of any lease, the Legislature of the Virgin 12 Islands must approve all leases exceeding a term of one year; Now, Therefore, 13 2 Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Pursuant to title 31 Virgin Islands Code, section 205, subsection (c), the 2 Legislature of the Virgin Islands approves the lease agreement between the Government of the 3 Virgin Islands, acting through its Commissioner of the Virgin Islands Department of Property 4 and Procurement and and L.J. Auto Repairs LLC, for a portion of Parcel No. 22 Revised 5 Submarine Base, No.6 Southside Quarter, St. Thomas, consisting of 3,400 U.S. sq. ft. or 0.078 6 U.S. acre(s), more-or-less, of semi-improved land, for a term of 20 years with two options to 7 renew for two additional terms of 10 years each with an annual rent of $24,000 to operate a 8 garage and auto repair shop. 9 BILL SUMMARY 10 This bill approves a multi-year lease agreement between the Government of the Virgin 11 Islands and L.J. Auto Repairs LLC. 12 BR26-1156/June 5, 2026/LMW 13 G36-074 14