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2009-121
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Last modified
3/7/2022 3:05:44 PM
Creation date
10/5/2015 8:47:32 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/05/2009
Control Number
2009-121
Agenda Item Number
8.C.
Entity Name
Verizon Wireless
New Cingular Wireless
Subject
Tri-Party Sublease Land Agreement Stealth Flagpole Communications Tower
Sea Oaks Wastewater Treatment Vero Disney
Area
8865 N. Hwy. A1A
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successors, assigns, heirs and legal representatives of the respective parties hereto, The term <br />"Sublease,,, "Sublet", "Sublessee" and any other similar term shall apply to any situation by <br />Which LESSEE allows 41 third party use of the Premises for co -location, whether it be by formal <br />sublease, license or other agreement. All rights and responsibilities Of LESSEE set forth in this <br />Agreement shall be enjoyed by and binding on any Sublessec, <br />In the event LESSEE subleases any Portion of the Property, in accordance with this <br />Agreement, any rental paid by any Sublessce(s) shall be divided between the LESSOR and the <br />LESSEE in the following manner: 50% to LESSOR and 50% to LESSEE, Any Sublessee shall <br />be instructed to pay the foregoing percentage amounts directly to the LESSORand t LESSEE. <br />LESSEE will provide LESSOR with a tri -party <br />For all Subleases of any nature whatsoever, LF the ES EE� <br />agreement in the form attached hereto as Exhibit "C" to be executed by the LESSEE, its <br />Sublessee, and LESSOR to confirm direct payment obligation from the Sublessee to the <br />LESSOR and to indicate LESSOR has been notified of the sublease; and LESSEE shall have no <br />liability of any nature to LESSOR in the event of failure of payment by Sublessee, It is <br />understood and agreed by the Parties that the foregoing rental percentage amounts shall only <br />apply if LESSEE is able to accommodate all of Sublessm's facilities within the Premises. If <br />LESSEE is unable to accommodate any or part of Sublessee's facilities within the Premises, then <br />LESSOR may enter into an agreement with the Sublessee for a portion of the Property that <br />Sublessee requires to locate its facilities, In this event, LESSEE shall receive 100% of the rental <br />for that portion of the facilities that are located within the limits of the Premises and LESSOR <br />shall receive 100% of the rental, negotiated by LESSOR and Sublessee, for the portion of <br />Sublessee's facilities that are located on the Property outside the Premises. <br />Notwithstanding any other provision of this Agreement, the LESSEE shall not be <br />required to obtain approval from the LESSOR for the Subletting of the Premises or part thereof; <br />however, LESSEE shall provide written notice thereof to LESSOR. LESSEE shall have the sole <br />right to determine whether it will Sublet any portion of the Premises or whether it will sublease <br />to any specific Sublessee, <br />33. CAPITAL CONTRI-BUTION. <br />Concurrent with the execution of this <br />Agreement by LESSEE, LESSEE shall tender to LESSOR, as a capital contribution, a check in <br />the amount of <br />34. TAXES. LESSEE shall pay as additional rent any documented increase in <br />real estate taxes levied against the Property which are directly attributable to the improvements <br />constructed by LESSEE within the Premises. LESSOR shall provide to LESSEE a copy of any <br />notice, assessment or billing relating to real estate taxes for which LESSEE is responsible under <br />this Agreement within ten (10) days Of receipt of the sa <br />obligation to make payment of any real estate taxes until LESSEE has received the notice, <br />assessment or billing relating to such Payment as set forth in the precedingsentence. LES <br />shall have the, right, at its sole option and at its sole cost and expense, SEE <br />seek modification of any real estate tax assessment or billing for which to appeal, challenge, or <br />- LESSOR shall reasonably cooperate with <br />partly responsible for payment tinder this Agreement LESSEE is wholly or <br />LESSEE it, filing, PfOsect)fing and perfecting any appeal or Challenge gC to real eStato taXeS <br />f0tT11 in the Precedilig sentellce, 88 Set <br />including but not limited to, execut"29 a17Y consent to appeal of <br />
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