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  5. ›Southport Ballpark

Awarded contract·Bay County, Florida·Florida

Southport Ballpark

Won by McLemore Family$250kSingle Award
Contract source

Awarded vendors

  • McLemore Family

Description

The Southport Ballpark Lease Agreement is a contract between Bay County, Florida, and the McLemore family for the lease of a parcel of land for parking purposes. The lease commenced on December 18, 2001, and will continue until December 17, 2026, with automatic renewal for one-year terms unless 60 days' written notice is given by either party. The rent is $1 per year, and the tenant is responsible for maintaining the premises in a clean and sanitary manner. The contract also outlines the responsibilities of both parties, including the payment of property taxes and insurance. Key points include: • The lease is for a term of 25 years, with automatic renewal for one-year terms • The rent is $1 per year • The tenant is responsible for maintaining the premises in a clean and sanitary manner • The contract outlines the responsibilities of both parties, including the payment of property taxes and insurance

Attached files

Key dates

Starts
12/19/2023
Ends
12/17/2026Renews
Duration
25 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
HIST-110

Contract value

$250,000

Based on the contract, the value of the lease is $1 per year, which is a nominal amount. The actual value of the contract is likely to be much higher, considering the 25-year term and the fact that the lease is for a parcel of land. However, without more information, it is difficult to estimate the exact value of the contract. Assuming an average annual value of $10,000 to $50,000, the total value of the contract over 25 years could be in the range of $250,000 to $1,250,000.

AI estimate from the award documents

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