3/15/2016 9:08:39 AM
10/1/2015 3:22:30 AM
Official Document Type
Agenda Item Number
Senior Resource Assoc.
40yr. lease Transit Service
County Fleet Maintenance 41st. vacant land 43rd Ave.
Council on Aging
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LEASE AGREEMENT <br /> THIS LEASE AGREEMENT ( " Lease " ) by and between Indian River County , Florida , <br /> a political subdivision of the State of Florida , whose address is 1800 27th Street , Vero <br /> Beach , Florida ( " County " ) , and Senior Resource Association , Inc . , a Florida non - profit <br /> corporation , formerly known as Council on Aging , Inc . , whose address 694 14th Street , <br /> Vero Beach , FL 32960 ( " Tenant " ) , shall take effect as of April 1 , 2009 ( " Effective Date " ) . <br /> BACKGROUND RECITALS : <br /> A . Tenant is the Community Transportation Coordinator ( CTC ) and Transit <br /> Service Provider for the County and as such , makes all the required transportation <br /> appointments on behalf of Indian River County . Most of the buses operated by the Tenant <br /> are titled to Indian River County as the owner of the vehicles . The operation of the buses <br /> for the citizens of Indian River County serves a legitimate public purpose ; and <br /> B . The Tenant operates 51 buses from its current 14th Street location . With <br /> future growth of the fleet anticipated , the current location is becoming inadequate for <br /> continued use . In light of the fact the maintenance of the buses along with fueling is <br /> provided at the County Fleet Maintenance Facility located on 41St Street , it would be <br /> beneficial to have Tenant located closer to the Fleet Maintenance Facility ; and <br /> C . Tenant has asked the County to enter into a Lease Agreement with a 40 -year <br /> term that will allow the Tenant to utilize roughly two and a half ( 2 . 53 ) acres of County <br /> owned property on 43rd Avenue , as more specifically described herein , for the use of <br /> storing and maintaining their fleet of buses ; and <br /> D . Pursuant to Florida Statues Section 125 . 38 , the County has the ability to set <br /> a nominal rent regardless of the actual value of the property . <br /> NOW , THEREFORE , for good and valuable consideration , the receipt and <br /> sufficiency of which is hereby acknowledged , and intending to be legally bound hereby , the <br /> parties hereby agree as follows : <br /> 1 . The County as Landlord does hereby lease to Tenant , and Tenant hereby <br /> leases from County the property located on 43rd Avenue and more specifically described <br /> on Exhibit "A " , attached hereto and made a part hereof ( " the Leased Premises " ) on the <br /> terms and conditions set forth in this Lease . The term of this Lease is 40 years . <br /> 2 . As rent for the Leased Premises , Tenant shall pay to County the sum of one <br /> dollar ( $ 1 ) per year for each year during the term of this Lease . Tenant shall pay any <br /> taxes that may be assessed in connection with this Lease and in connection with Tenant ' s <br /> use of the Leased Premises , including , but not limited to , sales and use tax , ad valorem <br /> tax , tangible property tax , and intangibles tax . <br /> 3 . Tenant may use the Leased Premises for the purposes of storing and <br /> maintaining a fleet of buses operated by the Tenant , and for any purpose relating to <br /> operation of the bus service . <br /> t <br />
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