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LEASE EXTENSION <br />This Agreement for Lease Extension ("Amendment") entered into on the <br />day of March, 2016, by Indian River County, a political subdivision of the State of <br />Florida, 1801 27`h Street, Vero Beach, FL 32960 ("County"), and John A. Jackson, Jr., <br />("Tenant") whose address is 6855 66`h Avenue, Vero Beach, FL 32967. <br />WITNESSETH <br />The County contracted to purchase Tenant's property on March 10, 2009. The <br />property consists of 1.75 acre and a single family home where the Tenant resides; and <br />WHEREAS, the purchase of the property was in lieu of eminent domain, as the <br />County is planning widening and improvements to 66th Avenue; and <br />WHEREAS, the tenant agrees that the fair market rental value of the Leased Premises is <br />$800.00 per month. The current lease expires on March 31, 2016; and <br />WHEREAS, the Tenant has requested an extension to the lease and the County is <br />not planning to begin road construction of the 66`h Avenue Project within the next 36 <br />months; and <br />WHEREAS, the County has no objection to extending its lease with Tenant, with <br />the lease extension to expire on March 31, 2019 or 60 days after advertisement of the bid <br />to construct this section of 66th Avenue, whichever occurs earlier; and <br />NOW, THEREFORE, in consideration of the mutual terms and promises stated <br />herein, and other good and valuable consideration, the receipt and sufficiency of which is <br />hereby acknowledged, the County and Tenant agree as follows: <br />1. The foregoing recitals are incorporated as if fully restated herein. <br />2. Paragraph 1 of the certain Lease dated March 10, 2009 is hereby amended to <br />terminate on March 31, 2019 or 60 days after advertisement of the bid to <br />construct this section of 66th Avenue, whichever occurs earlier. <br />Except as amended herein, the terms and conditions of the Lease shall remain <br />in full force and effect. To the extent of any conflict between the terms of this <br />Amendment and the terms of the Lease, the terms of this Amendment shall <br />control. <br />F:\Public Works\Luanne M\Land Acquisition docs\Lease backs\Jackson LEASE EXTENSION agrmt 03-10- gg <br />16.doc <br />