The contract is for the lease of land for the construction, operation, and maintenance of an Advanced Wastewater Treatment Plant. The lease is for a term of 30 years, with an option to renew for an additional 30 years. The annual rental is $22,397. The contract includes various conditions, such as the lessee's responsibility for damages, the requirement for insurance, and the need for approval from the Installation Commander for certain actions. The contract also includes a description of the leased premises, which includes 40.707 acres of land and rights-of-way for pipeline purposes.
Some key points of this contract include:
• The lease is for a term of 30 years, with an option to renew for an additional 30 years.
• The annual rental is $22,397.
• The lessee is responsible for damages to the property and for correcting any environmental hazards.
• The contract includes various conditions, such as the requirement for insurance and the need for approval from the Installation Commander for certain actions.
• The leased premises include 40.707 acres of land and rights-of-way for pipeline purposes.