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AGENDA COPY direct and indirect tax revenues, private sector payment of substantial maintenance and operation expenses which would otherwise burden local taxpayers, and other such benefits, NOW THEREFORE, in consideration of the mutual undertakings herein and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged,the parties agree, as follows: 1. Recitals. The above recitals are true and correct and are incorporated herein. 2. Hotel Room Renovations. In Section 5 of the Third Amendment the County agreed to provide up to $600,000 for the renovation of the remaining 67 hotel rooms. After review and receipt of the public bids, it is agreed by the Parties that it is not feasible to renovate 67 hotel rooms for $600,000 or less. Therefore, Section 5 of the Third Amendment is hereby amended to state that the County shall pay for the actual costs of the renovations associated with 61 of the remaining hotel rooms in an amount not to exceed$600,000. All of the other terms and conditions of Section 5 of the Third Amendment to Facility Lease Agreement remain in full force and effect. 3. Good Standing—No Violation. The County and Verotown agree that, as of the date of this Fourth Amendment, the Facility Lease Agreement is in good standing and neither party is in breach or violation of the terms and conditions of the Facility Lease Agreement. 4. Conforming Terms. All remaining terms and conditions of the Facility Lease Agreement are hereby conformed to be consistent with the amendments set forth herein. 5. Remaining Terms. All remaining terms and conditions of the Facility Lease Agreement not amended or conformed herein shall remain in full force and effect. 6. Recordation. A copy of this Fourth Amendment shall be recorded on the Public Records of Indian River County, Florida. Page 2 of 4 111