Jackson County Amends 16th Section Lease With WOV LLC
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Description
Jackson County School District approved an amendment to its 40-year commercial land lease with WOV, LLC for 16th Section property, revising the assignment clause to permit assignment or subleasing with prior board approval. The underlying lease, originally executed March 15, 2021 and running through March 15, 2061, otherwise remains unchanged.
Contract Details
Vendor
WOV LLC
Agency
Ocean Springs School District, MS
Contract Type
FACILITIES
Document Date
January 1, 2024
Contract Term
March 15, 2021 – March 15, 2061 (40-year lease)
Renewal Date
2061-03-15
Renewal Info
Base lease is a 40-year term from March 15, 2021 to March 15, 2061; this 2024 amendment modifies only the assignment/sublease provision and does not alter the lease end date.
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