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