2005-402 - Laserfiche WebLink

Home Browse Search

Improvement Trust Fund of the State of Florida and Indian River County dated June 3 , 2005 . This Sublease is conditioned upon the County' s leasehold in the Subleased Premises , and upon written approval by the Bureau of Public Lands Administration , Division of State Lands , on behalf of the. Board of Trustees of the Internal Improvement Trust Fund of the State of Florida . This Sublease shall terminate automatically upon early termination or a conveyance of Lease 4490 or upon a withdrawal of consent by the Board of Trustees for this Sublease . 18 . County shall have the right to terminate this Sublease upon the occurrence of any of the following (each an " Event of Default" ) : 1 ) Loss of non- profit corporation status by Tenant ; 2 ) Abandonment by Tenant of the Subleased Premises ; 3 ) Default of, non. performance of, or other non -compliance with , any term , covenant or condition of any nature whatsoever under this Sublease to be performed by Tenant ; or 4 ) Failure to pay when due any rent , or any other expense which could result in a lien being placed upon . the Subleased Premises . Upon the occurrence of an Event of Default , the County shall send a written notice to Tenant , .in the manner set forth in this Sublease , setting forth the Event of Default in specific detail and the date this Sublease shall terminate in the event Tenant does not cure the default . Within thirty (30 ) days following receipt of a default notice , Tenant shall have cured the default to the reasonable satisfaction of County. In the event Tenant fails to cure the Event of Default within thirty (30 ) days , this Sublease shall be deemed to be terminated with no further action by the County , other than providing final written notice to the defaulting party that the Event of Default has not been cured and that the Sublease is terminated . 19 . Tenant shall not, in any manner, assign , transfer, mortgage , pledge , encumber, or otherwise convey an interest in this Sublease , or sublet the Subleased Premises or any part thereof (any one of the foregoing events hereinafter referenced as an "Assignment" ) , without the prior written consent of County which consent may be granted , conditioned , or withheld at County' s sole discretion for any reason . Any such attempted Assignment without County approval shall be null and void . 20 . In the event there arises any dispute or litigation over the terms and conditions of this Sublease , each party shall bear its own attorney' s fees , costs , and expenses to resolve that dispute . 21 . Any notices which are required , or which either party may desire to serve upon the other parties , shall be in writing and shall be deemed served when hand delivered , or when actually received via U . S . Mail , postage prepaid , return receipt requested , addressed to the parties at : Tenant : County: Attn : Gary Roy, President , Airmasters Attn : Jim Davis , Public Works Director 1182 Persian Lane 184025 th Street Sebastian , FL 32958 Vero Beach , FL 32960 These addresses may be changed by any party by providing written notification to the other parties . 5