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2012-187
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2012-187
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Last modified
1/6/2016 10:53:44 AM
Creation date
10/1/2015 4:43:18 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
10/09/2012
Control Number
2012-187
Agenda Item Number
13.B.``
Entity Name
St. Francis Manor of Vero Beach
Subject
Amendment and Modification of Ninety-Nine Year Lease
Area
St. Francis Manor
Supplemental fields
SmeadsoftID
11502
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i <br /> L <br /> SEVENTH AMENDMENT AND MODIFICATION <br /> OF <br /> NINETY-NINE Y � a •. ) S <br /> YEAR LEASE <br /> THIS AGREEMENT made and entered into by and between INDIAN RIVER <br /> COUNTY, FLORIDA , a political subdivision of the State of Florida , by and through its <br /> Board of County Commissioners , hereinafter referred to as Lessor, and ST. FRANCIS <br /> MANOR OF VERO BEACH , FLORIDA , INC . , a Florida non -profit corporation <br /> hereinafter referred to as Lessee : <br /> WITNESSETH : <br /> WHEREAS , on the 8th of August , 1973 , the Lessor did execute a Ninety- Nine <br /> Year Lease to the Lessee covering certain lands therein described , which Lease has <br /> been duly recorded in the public records of Indian River County , Florida in Official <br /> Record Book 516 , at page 305 ; and <br /> WHEREAS , an Amendment and Modification was executed on February 6 , 1980 ; <br /> and a Second Amendment and Modification was executed on July 27 , 1993 ; and a <br /> Third Amendment and Modification was executed on September 19 , 1994 ; and a Fourth <br /> Amendment and Modification was executed on October 12 , 1999 ; and a Fifth <br /> Amendment and Modification was executed on February 7 , 2006 ; and a Sixth <br /> Amendment and Modification was executed on May 1 , 2012 ; and <br /> WHEREAS , the Lessor and Lessee desire to execute a Seventh Amendment <br /> and Modification to said Lease in the manner hereinafter set forth ; and <br /> WHEREAS , the execution of the Seventh Amendment and the Modification has <br /> been duly authorized by the Lessor and accepted by the Lessee ; <br /> NOW , THEREFORE , upon the good and valuable consideration set forth in said <br /> original Lease , the Lease is hereby Amended and Modified as followed . <br /> A . Any reference from the original Lease or previously executed Amendments and <br /> All Modifications requiring the payment of One Thousand ($ 1 , 000) Dollars per year <br /> by Lessee to Lessor shall be amended to read One ($ 1 . 00) per year upon <br /> execution of this Seventh Amendment . <br /> Be All rent Lessee currently owes to Lessor and all past rent which has become due <br /> to Lessor according to the original Lease but has not been paid by Lessee is <br /> hereby eliminated . Said unpaid rent shall . no longer be considered debt to the <br /> Lessor and the payment of any debt derived from rent owed to Lessor shall not <br /> be required from Lessee . <br /> This Seventh Amendment and Modification is subject to all of the terms and <br /> conditions of the original Lease executed on August 8 , 1973 , and the six previous <br /> amendments approved and ratified by the parties , except as amended by this <br /> agreement , so that the same shall constitute one Lease . <br /> . 1 <br /> 1 <br />
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