Palm Bay Academy Parking Lot

The Bay County Board of County Commissioners has entered into a lease agreement with Palm Bay Education Group, Inc. for the use of a parking lot facing Wood Street. The lease allows the county to use the parking lot for employee parking from 7 am to 5:30 pm, Monday through Friday, in exchange for performing regular maintenance, including pavement repairs, striping changes, and installing signage. The lease has a term of one year with four one-year renewal options. The key aspects of this contract include the lease term, maintenance responsibilities, and renewal options. Some of the key points to consider are: • The lease term is for one year with four one-year renewal options • The county is responsible for performing regular maintenance, including pavement repairs and installing signage • The lease agreement allows for the use of the parking lot for employee parking from 7 am to 5:30 pm, Monday through Friday • The contract has a budgeted amount of $35,000