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LESSEE Site I.D. : South Reverse Osmosis Water Plant No, 69023
<br /> LAND LEASE AGREEMENT
<br /> This Agreement, made this 19th day of duly 20 05 between Indian
<br /> River County, a political subdivision of the State of Florida, with its mailing address located at
<br /> 18.40 25`h Street, Vero Beach FL 32960, hereinafter designated LESSOR, and VERIZQN
<br /> WIRELESS PERSONAL COMMUNICATIONS LP d/b/a Verizon Wireless, with its principal
<br /> office located at 180 Washington Valley Road, Bedminster, New Jersey 07921 , hereinafter
<br /> designated LESSEE. The LESSOR and LESSEE are at times collectively referred to hereinafter
<br /> as the "Parties" or individually as the "Party".
<br /> 1 . PREMISES . LESSOR hereby leases to LESSEE a portion of that certain parcel
<br /> of property (the entirety of LESSOR ' s property is referred to hereinafter as the Property) , located
<br /> at 1550 9a' Street SW, Vero Beach, Florida 32968 , and being described as a 70' by 70' parcel
<br /> containing 4900 square feet, as described in Deed Book 604 at Page 2159 , as recorded in the
<br /> Recorder' s Office of Indian River County, State of Florida, together with the non-exclusive right
<br /> for ingress and egress , seven (7) days a week twenty-four (24) hours a day, (controlled by the
<br /> seven (7) days a week twenty-four (24) hours a day manned water plant ) on foot or motor
<br /> vehicle , including trucks , and for the installation and maintenance of utility wires, poles, cables ,
<br /> conduits, and pipes over, under, or along a twenty foot (20') foot wide right-of-way extending
<br /> from the nearest public right-of-way, 9th Street SW (Oslo Road), to the demised premises . The
<br /> demised premises and right of way for ingress and egress and right of way for utilities
<br /> (hereinafter collectively referred to as the "Premises") are as described herein in Exhibit A
<br /> attached hereto and made a part hereof, and as shown on that certain survey attached hereto and
<br /> incorporated herein as Exhibit B .
<br /> In the event any public utility is unable to use the aforementioned right-of-way, the
<br /> LESSOR hereby agrees to grant an additional right-of-way either to the LESSEE or to the public
<br /> utility at no cost to the LESSEE.
<br /> 2. SURVEY. LESSOR has granted to LESSEE the right to survey the Property,. .
<br /> and elF,e Premises , and said survey is attached hereto and made a part hereof as Exhibit B , alid
<br /> shall control in the event of boundary and access discrepancies between it and Exhibit A. Cost
<br /> for such work shall be borne by the LESSEE.
<br /> 3 . TERM. 3 . 1 .This Agreement shall be effective as of the date of execution
<br /> by both parties , provided, however, the initial term shall be for five (5) years and shall
<br /> commence on the Commencement Date (as hereinafter defined) at which time rental payments
<br /> will be due at an annual rental of subject to
<br /> increase as set forth in this Agreement, including any applicable sales tax, ("rent") . Rent shall
<br /> be paid annually in one lump sum payment on the Commencement Date (as hereinafter defined) ,
<br /> and on each successive anniversary of the Commencement Date during the term of this
<br /> Agreement, in advance, to LESSOR or to such other person, firm or place as the LESSOR may,
<br /> from time to time , designate in writing at least thirty (30) days in advance of any rental payment
<br /> date . In the event rent is not received within ten (10) days of the due date, LESSEE shall pay a
<br /> late charge in the amount of Two Hundred and 00/ 100 Dollars ($200 . 00) . The Commencement
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