The contract is a lease agreement between Bay County, FL, and the Game and Fresh Water Fish Commission for a regional headquarters. The lease term is 50 years, and the Commission will pay an annual rent of $1.00. The Commission must construct an administration building and appurtenant structures on the leased premises within two years of the lease's execution. The contract includes provisions for termination, assignment, and subletting. The key aspects of this contract include the lease term, rent, and construction requirements.
• The lease term is 50 years, commencing on March 1, 1979, and ending on February 28, 2029.
• The annual rent is $1.00, payable on the first day of March each year.
• The Commission must construct an administration building and appurtenant structures on the leased premises within two years of the lease's execution.
• The contract includes provisions for termination, assignment, and subletting.