Laserfiche WebLink
S <br />Boon 43 PAct 728 <br />and conditioned upon approval of the terms hereof by the Department <br />of Education of the State of Florida, pursuant to Chapter 230, <br />Florida Statutes, which approval shall be obtained within twenty- <br />one (21) days of the execution of this Lease. Thereafter, any <br />changes required by the Department of Education shall be at the <br />sole cost of Lessee. <br />15. Lessor agrees that, in the event it constructs and <br />maintains a public meeting room in the building, Exhibit "A", Lessor <br />will permit Lessee to utilize same for its public meetings and <br />0 <br />such other meetings at such times as Lessor and Lessee shall <br />from time to time agree at a nominal cost relating to direct <br />expense. <br />16. The Lessee agrees that in part consideration of <br />the terms and conditions of this Lease, that it does hereby <br />waive and surrender any right it may now have under existing <br />statutory or case law to entitlement to share in any race track <br />funds distributed to Lessor by the State of Florida, or any of <br />its subdivisions or agencies. This covenant shall expire on the <br />expiration of the term of this Lease. Lessee acknowledges and <br />understands that Lessor intends to rely on this covenant to sell <br />revenue bonds pledging the above referenced race track fund <br />revenue and will execute such further documents to clarify or <br />verify the intent of this covenant as Lessor's bond counsel <br />shall reasonably request. <br />Notwithstanding the provisions of Paragraph 1 of <br />this Lease, in the event the State of Florida enacts legislation <br />which has the effect of diminishing Indian River County's share <br />of race track funds below the level received in calendar year <br />1979, rent for the following calendar year and for any year there- <br />after for so long as the race track funds remain below the 1979 <br />level, shall be an amount equal to the following formula: $65,000. - <br />Race track funds for the calendar year(s) in question X $20,000. _ <br />Race track funds for the calendar year 1979 <br />17. Lessor agrees to use its best efforts to complete <br />the renovations required herein within fifteen (10) months of <br />-6- <br />