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for Tenant 's intended use; (c) that Tenant is entering into this Lease based on its own independent investigation of the Leased Premises and has satisfied itself as to the general and local conditions, particularly those bearing on the availability of water, sewer, electric power, communications facilities, and road access; and (d) that the County assumes no responsibility or obligation to provide any facilities of any nature whatsoever at the Leased Premises and/or in connection with the operation of the Facility, except as may be specifically set forth in this Lease. ARTICLE 2. RENT. The rent due under this Lease is one dollar ($1) per year, payable without demand on September 1, 2008, and each succeeding September 1 thereafter during the term of this Lease at the Finance Department office of County or such other place as County may from time to time designate by written notice given to Tenant. ARTICLE 3. TERM. The term of this Lease shall be for a period of fifty (50) years, commencing on September 1, 2008 and ending August 31, 2058, subject to sooner termination as set forth herein. The parties may renegotiate for an extension of the Lease term upon a commitment by Tenant to undertake a major renovation of the Facility during the life of the Lease. ARTICLE 4. CONDITION PRECEDENT TO LEASE; CONSTRUCTION OF FACILITY BY TENANT. 4.1 In accordance with the terms of this Lease, Tenant contemplates constructing a youth center and other improvements on the Leased Premises that is no less than 8,000 square feet in the standard style of a Boys and Girls Club facility to include sufficient parking for its purposes (the building, other improvements, and parking sometimes hereinafter collectively referenced as the "Facility"; the Leased Premises and the Facility sometimes hereinafter collectively referenced as the "Premises"). Tenant acknowledges and agrees that a specific condition precedent to the continuation of this Lease is that Tenant commences construction of the Facility planned by Tenant on the Leased Premises on or before July 30, 2009, and thereafter diligently prosecutes such construction to completion. The Facility shall be completed no later than eighteen (18) months after commencement of construction. Tenant shall obtain the written approval of the County Community Development Director prior to filing a site plan application with the City of Vero Beach. After receipt of site plan approval, Tenant shall apply for a building permit to construct the Facility in accordance with the approved site plan. 4.2. The County, in its sole discretion, may, but is not obligated to, extend the time periods set forth herein, for good cause shown by Tenant, or for reasons beyond the control of Tenant. Absent such extension granted by the County, failure to satisfy the conditions of this Article may be grounds for termination of the Lease and the County shall provide notice to Tenant, as set forth herein, of the termination date and, thereafter, the parties shall have no further obligations under this Lease. 4.3. County and Tenant acknowledge and agree that Tenant shall own the Facility during the term of this Lease and, upon termination of this Lease, the ownership of the Facility shall revert to the County. 2