DIB Parking Lot Lease

The contract is for the lease of a parking lot by the Downtown Improvement Board (DIB) to the Board of County Commissioners of Bay County for a period of 50 years. The lease is for the exclusive use of the parking lot for the State Attorney's and Public Defender's Offices. The rent is $1.00 for the 50-year term. The contract includes provisions for the maintenance and repair of the parking lot, as well as the right of the DIB to build over the existing parking lot an elevated parking facility. The key points of the contract are: • The lease is for a period of 50 years • The rent is $1.00 for the 50-year term • The parking lot is for the exclusive use of the State Attorney's and Public Defender's Offices • The DIB has the right to build over the existing parking lot an elevated parking facility • The contract includes provisions for the maintenance and repair of the parking lot