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05/17/2016 (3)
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05/17/2016 (3)
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Last modified
12/7/2020 12:30:48 PM
Creation date
8/10/2016 1:07:07 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
05/17/2016
Meeting Body
Board of County Commissioners
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SECOND AMENDMENT TO LEASE AGREEMENT <br />This Second Amendment to Lease Agreement ("Second Amendment") entered into this 17th <br />day of May 2016, by Indian River County, a political subdivision of the State of Florida, 1801 27`h <br />Street, Vero Beach, FL 32960 ("County"), and Deputy Teddy Floyd, a resident of Indian River <br />County, Florida, residing at 4735 43`d Avenue, Vero Beach, FL 32967 ("Tenant"). <br />WITNESSETH: <br />WHEREAS, the County contracted to lease Tenant use of Gifford Park Security House <br />located within Gifford Park, a community park owned by the County effective November 20, 2007 <br />("Lease Agreement"). <br />WHEREAS, on December 21, 2010, the parties entered into what was termed a lease <br />extension and amendment ("First Amendment"). <br />WHEREAS, the parties acknowledge that the Lease Agreement has expired; however, the <br />parties have continued to fulfill the obligations therein and mutually acknowledge the full force and <br />effect of the terms and conditions of the Lease Agreement are to be renewed in accordance with <br />Section 3 of the Lease Agreement. <br />.WHEREAS, Section 3 of the Lease Agreement provides that the lease may be renewed for a <br />maximum of seven (7) successive terms of two (2) years each for a maximum aggregate of sixteen <br />(16) years combined Initial Term and Renewal Terms. <br />WHEREAS, the parties desire to amend the Lease Agreement to extend the term to expire <br />on December 31, 2018. with three (3) additional two-year renewal periods. <br />NOW, THEREFORE, in consideration of the mutual terms and promises stated herein, and <br />other good and valuable consideration, the receipt and sufficiency of which is hereby <br />acknowledged, the County and Tenant agree as follows: <br />1. The foregoing recitals are incorporated as if fully restated herein. <br />2. Paragraph 3 of the Lease Agreement: "Renewal Term" shall be amended to read as <br />follows: The term of this lease shall terminate on December 31, 2018. The term shall be <br />subject to three (3) two-year renewal terms upon mutual agreement of both parties. <br />3. Except as amended herein, the terms and conditions of the original Lease Agreement <br />shall remain in full force and effect. To the extent of any conflict between the terms of <br />this Second Amendment and the terms of the Lease Agreement or First Amendment, the <br />terms of this Second Amendment shall control. <br />THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY <br />42 <br />
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