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Awarded contract·Bay County, Florida·Florida

Tax Collector Panama City Beach Branch

Won by EHC Properties Panama City Beach, LLC$1.8MSingle Award
Contract source

Awarded vendors

  • EHC Properties Panama City Beach, LLC

Description

This contract is a lease agreement between Bay County, Florida, and EHC Properties Panama City Beach, LLC, for a property located at 10520 Hutchison Blvd., Panama City Beach, FL 32407. The lease is for a term of five years, with an option to extend for three additional five-year terms. The rent for the property is $70,800 per year, payable in monthly installments of $5,900. The contract includes provisions for maintenance and repairs, utilities, and insurance, as well as a description of the property and its intended use. The key points of this contract include: • The lease term is five years, with an option to extend for three additional five-year terms. • The rent is $70,800 per year, payable in monthly installments of $5,900. • The lessee is responsible for maintenance and repairs, utilities, and insurance. • The property is to be used for governmental purposes, including offices and customer service. • The contract includes provisions for termination, default, and dispute resolution.

Attached files

Key dates

Starts
7/1/2017
Ends
6/30/2027Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531120

Contract value

$1,767,000

The contract value can be estimated based on the annual rent, which is $70,800 per year. Over the initial five-year term, the total contract value would be approximately $354,000. If the contract is extended for the maximum of three additional five-year terms, the total contract value would be approximately $1,767,000.

AI estimate from the award documents

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