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.