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LEASE EXTENSION <br /> This Agreement for Lease Extension ("Amendment") entered into on the <br /> day of March, 2013, by Indian River County, a political subdivision of the State of <br /> Florida, 1801 27th Street, Vero Beach, FL 32960 ("County"), and John A. Jackson, Jr., <br /> ("Tenant") whose address is 6855 66th 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, as part of the consideration for purchase of the property, the County <br /> agreed to lease the property back to the Tenant for one dollar ($1.00) per month. The <br /> current lease expires on March 31, 2013; 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 66th 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, 2016 or 60 days after advertisement of the bid <br /> to construct this section of 66th Avenue, whichever occurs earlier; and <br /> WHEREAS, the tenant agrees that the fair market rental value of the Leased <br /> Premises is $800.00 per month. <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, 2016 or 60 days after advertisement of the bid to <br /> construct this section of 66th Avenue, whichever occurs earlier. <br /> 3. Paragraph 1 of the lease is also amended to provide for Tenant to pay <br /> Landlord rent in the amount of$800.00 per month in advance effective March <br /> 10, 2013 and on each 10th day of each month, thereafter. <br /> 4. 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 /> 1 <br />