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<br /> LEASE AGREEMENT .
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<br /> THIS LEASE AGREEMENT entered into as of this nth day of
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<br /> February 2012 , by the BOARD OF COUNTY COMMISSIONERS OF
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<br /> In INDIAN RIVER COUNTYn 11 , FLORIDA , a political subdivision of the State of Florida ,
<br /> ( " Landlord " ) , 1801 27th Street , Vero Beach , FL 32960 and the School Board of Indian
<br /> In River County , Florida , located at 1990 25th Street , Vero Beach , Florida , 32960 ,
<br /> ( "Tenant" ) .
<br /> WHEREAS , since 1982 , the Tenant has leased from the Landlord an office
<br /> building located at 1990 25th Street , which leased premises are more fully described on
<br /> Exhibit 1 attached hereto ( " Premises " ) ; and
<br /> WHEREAS , for a variety of reasons , the Tenant is contemplating moving to a
<br /> new location with larger office space ; and
<br /> WHEREAS , until finding a more suitable location , the Tenant wishes to continue
<br /> leasing the Premises from the Landlord , under the terms and conditions set forth
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<br /> herein .
<br /> NOW, THEREFORE , in consideration of the mutual undertakings herein , and
<br /> other good and valuable consideration , the receipt and adequacy of which is hereby
<br /> acknowledged , the parties agree , as follows ,
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<br /> II
<br /> In - 1 . Recitals . The above recitals are true and incorporated as a part of this
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<br /> In document by reference herein .
<br /> 2 . Prior Leases . This lease shall replace all prior leases between the parties for
<br /> the Leased Premises .
<br /> 3 . Property , Rent and Term . The Landlord hereby leases the Premises to the
<br /> Tenant , and the Tenant hereby leases the Premises from the Landlord , Buildings # 1 ,
<br /> # 3 and Parking lot #2 as shown on Exhibit 1 attached and incorporated by reference
<br /> herein , for a term of one year commencing March 2012 and terminating on March 4 , If
<br /> 2013 . The rent payable by the Tenant during the term shall be forty-five thousand
<br /> dollars ( $45 , 000 . 00 ) . Said amounts shall be payable monthly , in advance , in the
<br /> amount of three thousand seven hundred fifty ( $ 3 , 750 . 00 ) per month . The Tenant shall
<br /> be responsible for any sales tax that may be due on the rent . Areas A and B on Exhibit
<br /> 1 are parking areas not belonging to or maintained by the Landlord . In I
<br /> 4 . Renewal of Lease . This lease shall automatically renew for five ( 5 ) one ( 1 ) year
<br /> terms , unless either party delivers written notice of non - renewal to the other , no later
<br /> than sixty (60 ) days prior to expiration of the then existing term .
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