FINANCIAL_SERVICESAPPROVED

port_comfort_power_llc_ground_lease_provision_agre.pdf

Port Comfort Power to Cure and Continue Lease Payments to CCISD

$108,000.00 plus $12,000.00 for 2025; $12,000.00 annually beginning in 2026Calhoun County IsdPORT COMFORT POWER LLCOctober 21, 2025

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Description

Calhoun County ISD and Calhoun Port Authority executed a letter agreement with Port Comfort Power LLC to cure past-due annual lease-related payments totaling $120,000 and to formalize ongoing $12,000 annual payments under a 2016 ground lease. Port Comfort must remit the prior period payments within 30 days of required documentation and then continue payments each May 31 through the remaining lease term.

Contract Details

Contract Amount

$108,000.00 plus $12,000.00 for 2025; $12,000.00 annually beginning in 2026

Vendor

PORT COMFORT POWER LLC

Agency

Calhoun County Isd, TX

Contract Type

FINANCIAL_SERVICES

Document Date

October 21, 2025

Contract Term

Ground Lease dated May 11, 2016; annual payments for calendar years 2016–2025 as catch‑up and then annually during the remaining Lease Term beginning with calendar year 2026, with this agreement expiring upon expiration of the Ground Lease

Renewal Info

Annual $12,000 payments continue each May 31 for calendar years during the remaining Ground Lease Term beginning in 2026; the letter agreement automatically expires upon expiration of the Ground Lease and includes no separate renewal options.