nt shall any fee determined in the above manner be reduced below an annual fee of S25,000.00 5 900q1 S 2007 CB Richard Ellis, Mc. luamagentm agoZ Telsmon tZglitTLAPC ry OZ:RA cAR 40/A0:17 EFTA00787913 IT IS EXPRESSLY UNDERSTOOD by the parties hereto that the title to all submerged or filled land w