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2008-262
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2008-262
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Entry Properties
Last modified
4/8/2016 12:26:40 PM
Creation date
10/1/2015 12:31:20 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
08/19/2008
Control Number
2008-262
Agenda Item Number
12.C.
Entity Name
Nobles, Betty,
Capcan
Subject
Transfer Lease/Concession Agreement Cannon's County Cafe
Area
IRC Administration Building A
Supplemental fields
SmeadsoftID
7539
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a <br /> LEASE AND CONCESSION AGREEMENT <br /> THIS LEASE AND CONCESSION AGREEMENT (" Lease " ) is entered into this <br /> 1St day of August , 2007 ( " Effective Date" ) , by and between Indian River County , apolitical <br /> subdivision of the State of Florida , 1800 27th Street, Vero Beach , FL 32960 ("County" ) and <br /> Capcan , Inc . , a Florida corporation whose mailing address is 3414 Cherokee Drive , Vero <br /> Beach , FL. 32960 ( "Tenant" ) , . <br /> BACKGROUND RECITALS <br /> A . The County issued a Request for Proposals in April , 2007 for food and beverage <br /> concession services at the County Administration Building , and re- issued the <br /> Request for Proposals with a response date of June 20 , 2007 ; <br /> B . Pursuant to the Request for Proposals , the County' s duly-constituted Selection <br /> Committee received proposals and ranked the firms that responded to the Request <br /> for Proposals based on the evaluative criteria set forth in the Request for Proposals ; <br /> C . The Tenant was the highest ranked respondent to the Request for Proposals and , <br /> on July 17 , 2007 , the County approved the Selection Committee recommendation to <br /> contract with Tenant to provide the food and beverage concession services set forth <br /> in the Request for Proposals and this Agreement; and <br /> D . Tenant is willing and able to perform :the food and beverage concession services at <br /> the County Administration Building for County as set forth in this Agreement on the <br /> terms and conditions set forth below . <br /> NOW THEREFORE , in � accordance with the mutual covenants hereinafter contained <br /> and other good and valuable consideration , the receipt and adequacy of which are hereby <br /> acknowledged , the parties hereto agree as follows : <br /> ARTICLE 1 1 <br /> 1 . 1 . TERM . This Lease shall have an initial term of five ( 5 ) years commencing upon the <br /> Effective Date ( " Initial Term " ) , subject to early termination as provided herein . <br /> 1 . 2 . RENEWAL TERM . Provided the County and Tenant agree to renew .the Lease (as it <br /> may have been modified from time to time ) on mutually beneficial terms ; and further <br /> provided that . the Tenant is not in default under any of the terms and conditions of this <br /> Lease or any other written agreement between Tenant and the County , this Lease may be <br /> renewed .for a maximum of seven ( 7 ) successive terms of one ( 1 ) year (each , a " Renewal <br /> Term " ) , for a maximum aggregate of twelve ( 12 ) years combined Initial Term and Renewal <br /> Terms , Each Renewal Term is subject to all of the provisions set forth in this Lease . <br /> Notwithstanding the foregoing , the County may extend or renew this Lease beyond the <br /> twelve ( 12 ) years if deemed to be in the -best interest of Indian River County. Renewal of <br /> 1 <br /> EXHIBIT 11A 1. <br />
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