7. Master Lessor and Lessor agree that upon any termination of the Lease, including

Commission Regular Meeting · 2026-04-23 · agenda_item

This item concerns a Master Lease agreement for Ground Leased Premises within Santa Rosa County. The agreement outlines terms for reimbursement of property, plant, and equipment upon lease termination or expiration. Specifically, the Master Lessor will reimburse the then Lessee for these assets according to Section 13.04 of the Master Lease. The net book value of the premises at the lease's start will equal all remaining rental payments. This matter is currently under review by the Santa Rosa County Commission. The agreement details financial obligations related to lease end, which could involve asset valuation and transfer processes. Businesses involved in property management, legal services, and financial consulting may find opportunities related to the execution and oversight of such lease agreements.