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olwj ? - la ZD12d4o LEASE AGREEMENT Scc, Aukhorllw 'RtSO 20 ) x- a� y 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" or " Landlord " ) , and Senior Resource Association , Inc . , a Florida non - profit corporation , formerly known as Council on Aging , Inc . , whose address is 694 14th Street , Vero Beach , FL 32960 ( "Tenant" ) , shall take effect as of June 1 , 2012 ( " Effective Date " ) . BACKGROUND RECITALS : A . The Senior Resource Association is the Community Transportation Coordinator ( CTC ) and Transit Service Provider for Indian River County . The Tenant operates a fixed route bus system serving Indian River County utilizing over 50 buses . 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 valuable public purpose ; and B . The Tenant' s transit system , the GoLine , has steadily increased in ridership , popularity and size , necessitating a separate maintenance facility for servicing , repairing and parking of the fleet . C . The Landlord and Tenant ( "the Parties" ) entered into a ground Lease Agreement ( " Ground Lease " ) effective April 1 , 2009 , to provide for the construction of a maintenance facility and administrative offices on County owned land located at 4385 and 4395 43 `d Avenue , Vero Beach , FL whose legal description is attached as Exhibit A , and incorporated by reference herein . D . Construction on the Indian River Transit Administrative and Maintenance Facility ( " Facility" ) is now complete . The Facility was built using grant funds and will continue to be considered a County owned improvement on County owned property. E . The Parties now desire to enter into a new Lease Agreement with a five year term that will allow the Tenant to utilize roughly two and a half ( 2 . 53 ) acres of the County owned property at 4385 and 4395 43rd Avenue , for the use of storing and maintaining their fleet of buses , including related operations and administration ; and F . 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 so long as the price of the rent shall be set forth in a resolution of the Board of County Commissioners . G . The Parties agree that this Lease shall replace and supersede the previous Ground Lease effective April 1 , 2009 . 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