2007-229 - Laserfiche WebLink

Home Browse Search

r .y LEASE AND CONCESSION AGREEMENT THIS LEASE AND CONCESSION AGREEMENT (" Lease" ) is entered into this 1st day of August, 2007 (" Effective Date" ) , by and between Indian River County, apolitical subdivision of the State of Florida , 1800 27th Street , Vero Beach , FL 32960 (" County" ) and Capcan , Inc. , a Florida corporation whose mailing address is 3414 Cherokee Drive , Vero Beach , FL . 32960 ("Tenant" ) . BACKGROUND RECITALS A. The County issued a Request for Proposals in April , 2007 for food and beverage concession services at the County Administration Building , and re-issued the Request for Proposals with a response date of June 20 , 2007 ; B . Pursuant to the Request for Proposals , the County's duly-constituted Selection Committee received proposals and ranked the firms that responded to the Request for Proposals based on the evaluative criteria set forth in the Request for Proposals; C . The Tenant was the highest ranked respondent to the Request for Proposals and , on July 17 , 2007 , the County approved the Selection Committee recommendation to contract with Tenant to provide the food and beverage concession services set forth in the Request for Proposals and this Agreement; and D . Tenant is willing and able to perform the food and beverage concession services at the County Administration Building for County as set forth in this Agreement on the terms and conditions set forth below . NOW THEREFORE , in accordance with the mutual covenants hereinafter contained and other good and valuable consideration , the receipt and adequacy of which are hereby acknowledged , the parties hereto agree as follows : ARTICLE 1 1 . 1 . TERM . This Lease shall have an initial term of five (5 ) years commencing upon the Effective Date (" Initial Term" ) , subject to early termination as provided herein . 1 . 2 . RENEWAL TERM . Provided the County and Tenant agree to renew the Lease (as it may have been modified from time to time ) on mutually beneficial terms ; and further provided that the Tenant is not in default under any of the terms and conditions of this Lease or any other written agreement between Tenant and the County , this Lease may be renewed for a maximum of seven (7 ) successive terms of one ( 1 ) year (each , a " Renewal Term" ) , for a maximum aggregate of twelve ( 12) years combined Initial Term and Renewal Terms . Each Renewal Term is subject to all of the provisions set forth in this Lease . Notwithstanding the foregoing , the County may extend or renew this Lease beyond the twelve ( 12 ) years if deemed to be in the best interest of Indian River County . Renewal of 1