GVI Lease - STT Cricket Assoc 4-21-26, Lease Agreement — Budget, Appropriations and Finance, August 3, 2026 (Bill 36-0293)
THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE GOVERNOR GOVERNMENT HOUSE Charlotte Amalie, V.I. 00802 340-774-0001 RCUD SE April 20, 2026 VIA HAND DELIVERY The Honorable Milton E. Potter Senate President Thirty-Sixth Legislature of the Virgin Islands Capital Building St. Thomas, Virgin Islands 00802 Re: Lease Agreement for Ratification by the Thirty-Sixth Legislature of the U.S Virgin Islands Dear Senate President Potter: Transmitted herewith in accordance are the provisions of Title 31, Section 205, subsection (c), Virgin Islands Code is the following Lease Agreement submitted for ratification by the Thirty- Sixth Legislature: Lease_Agreement between the Government_of the Virgin Islands, acting through the Department of Property and Procurement and St. Thomas Cricket Association, Inc. (OLC No. 0139-2026). Under the proposed Lease Agreement, the Government will lease Parcel N-2 of Tract 1 Estate Nazareth, No. | Redhook Quarter, St. Thomas, U.S. Virgin Islands, consisting of 312,150.96 U.S. sq. ft. or 7.166 U.S. acre(s) more-or-less (hereinafter “the Premises”) to St. …
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THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE GOVERNOR GOVERNMENT HOUSE Charlotte Amalie, V.I. 00802 340-774-0001 RCUD SE April 20, 2026 VIA HAND DELIVERY The Honorable Milton E. Potter Senate President Thirty-Sixth Legislature of the Virgin Islands Capital Building St. Thomas, Virgin Islands 00802 Re: Lease Agreement for Ratification by the Thirty-Sixth Legislature of the U.S Virgin Islands Dear Senate President Potter: Transmitted herewith in accordance are the provisions of Title 31, Section 205, subsection (c), Virgin Islands Code is the following Lease Agreement submitted for ratification by the Thirty- Sixth Legislature: Lease_Agreement between the Government_of the Virgin Islands, acting through the Department of Property and Procurement and St. Thomas Cricket Association, Inc. (OLC No. 0139-2026). Under the proposed Lease Agreement, the Government will lease Parcel N-2 of Tract 1 Estate Nazareth, No. | Redhook Quarter, St. Thomas, U.S. Virgin Islands, consisting of 312,150.96 U.S. sq. ft. or 7.166 U.S. acre(s) more-or-less (hereinafter “the Premises”) to St. Thomas Cricket Association, Inc. be used to promote and develop the sport of cricket throughout the territory of the U.S. Virgin Islands. The initial lease term is 30 years with the option to renew for two additional 10- year periods. This lease agreement is anticipated to stimulate investment in the sports tourism sector and further enhance its contribution to the Territory’s economic growth. I thank you and the members of the Thirty-Sixth Legislature for your prompt action on this measure. Sincerely, Albert Bryan Jr. Governor Wi, PRESIDENT APR 21°25 aq iO. 25