r the purpose of facilitating the financing of the design, construction and maintenance of a Public Safety Facility encompassed by this Act, the government of Guam or a Public Safety Agency is authorized to lease, if required, to the Contractor, subject to legislative approval, sufficient government of Guam real property on which to construct, convert or rehabilitate a Public Safety Facility. The location of the property may be at the site of an existing Public Safety Facility under the control of an Agency, which may be demolished and rebuilt under the provisions of this Act.

Any lease of property pursuant to this Act will be for a period

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mutually agreed upon between the government and the Contractor as may be reasonably necessary to amortize over the Lease-Back period of the Contract the costs associated with the financing, design, construction, and maintenance of the Public Safety Facility, and in no event shall such period be less than twenty (20) years, or exceed thirty (30) years from the date of commencement of the Lease-Back period.

The Contractor shall lease back to the Public Safety Agency the property for the Lease-Back period. Upon the expiration of the Lease and the Lease-Back periods and the fulfillment of the terms and conditions of the Lease-Back by the Public Safety Agency, the property and the Public Safety Facility shall become the property of the government and the Contractor shall have no further right, title or interest in the property or the Public Safety Facility.