Department of Veterans Affairs May 10, 2016 – Federal Register Recent Federal Regulation Documents

The Secretary of VA intends to amend the scope and terms of an existing Enhanced Use Lease (EUL) that was entered into on November 19, 2007, for a parcel of approximately 28 acres of land, for the purpose of developing, financing, constructing, managing, maintaining, and operating a mixed-use development. Since that time, the needs of the local VA Medical Center have changed such that VA now requires taking back control of a 13 acre portion of the original parcel included in the EUL in order to renovate an existing historical building, construct additional facilities on the parcel, and obtain parking spaces. This notice provides details on the scope of the amended EUL. The EUL Lessee will continue to manage, maintain, and operate a mixed-use development on 15 acres, including a 137,000 square foot office building. The Lessee will also provide ground lease rent payments to support additional Veteran services.