2. Section 4.0, Rent: Commencing on the August 1, 2026, the monthly rent

Panama City Port Authority · 2026-07-30 · agenda_item

This item concerns a proposed change to the rent for a lease agreement managed by the Panama City Port Authority. The monthly rent is set to be approximately $30,041.67, plus sales tax and other governmental charges, starting August 1, 2026. The annual rental rate is calculated at $7.21 per square foot. This is an update to an existing lease agreement, with Section 4.0 of the Amended Lease remaining unchanged except for the revised rent and annual rate. The public process for this item is under review, with a meeting date of July 30, 2026. This change primarily affects the financial terms of an existing lease and does not appear to involve new construction or site development. Businesses that provide financial services, accounting, or legal counsel related to lease agreements and governmental charges may find opportunities to offer their expertise. Early engagement could be beneficial as the lease terms are being finalized.

monthly rent

30041.67 $

rental rate

7.21 per square foot annually