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LEASE AGREEMENT THIS LEASE AGREEMENT ("Lease") by and between Indian River County, Florida, a political subdivision of the State of Florida, whose address is 1840 25th Street, Vero Beach, Florida ("County"), and Senior Resource Association, Inc., a Florida non-profit corporation, formerly known as Council on Aging, Inc., whose address 694 14th Street, Vero Beach, FL 32960 ("Tenant"), shall take effect as of September 4, 2007 ("Effective Date"). BACKGROUND RECITALS: A. Tenant is the Community Transportation Coordinator (CTC) and Transit Service Provider for the County and as such, makes all the required transportation appointments on behalf of Indian River County. 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 legitimate public purpose; and B. The Tenant operates 51 buses from its current 14th Street location. With future growth of the fleet anticipated, the current location is becoming inadequate for continued use. In light of the fact the maintenance of the buses along with fueling is provided at the County Fleet Maintenance Facility located on 41st Street, it would be beneficial to have Tenant located close to the Fleet Maintenance Facility; and C. Tenant has asked the County to enter into a Lease Agreement with a 40 -year term that will allow the Tenant to utilize five (5) acres of County owned property on 41st Street, as more specifically described herein, for the use of storing and maintaining their fleet of buses; and D. 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. 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. The County as Landlord does hereby lease to Tenant, and Tenant hereby leases from County the property located on 41st Street and more specifically described on Exhibit "A", attached hereto and made a part hereof ("the Leased Premises") on the terms and conditions set forth in this Lease. The term of this Lease is 40 years. 2. As rent for the Leased Premises, Tenant shall pay to County the sum of one dollar ($1) per year for each year during the term of this Lease. Tenant shall pay any taxes that may be assessed in connection with this Lease and in connection with Tenant's use of the Leased Premises, including, but not limited to, sales and use tax, ad valorem tax, tangible property tax, and intangibles tax.