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2016-143
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2016-143
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Last modified
1/11/2024 2:32:30 PM
Creation date
11/4/2016 11:38:55 AM
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Official Documents
Official Document Type
Lease
Approved Date
09/20/2016
Control Number
2016-143
Agenda Item Number
8.D.
Entity Name
Federal Aviation Administration (FAA)
Subject
Global Tower now American Tower
Antenna and Rack Space Lease
USA Department of Transportation
Area
Hobart Tower
Project Number
DTFAEN-16-L-00087
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Lease No. DTFAEN- I 6-L-00087 <br />VRB, NRCS <br />Vero Beach (Wabasso), FL <br />1. TERM (8/02) - To have and to hold, for the term commencing on October 1, 2016 <br />and continuing through September 30, 2026 inclusive, provided that adequate <br />appropriations are available from year to year for the payment of rentals. <br />2. CANCELLATION (8/02) - The Government may terminate this lease at any time, in <br />whole or in part, if the Real Estate Contracting Officer (RECO) determines that a <br />termination is in the best interest of the Government. The RECO shall terminate by <br />delivering to the Lessor a written notice specifying the effective date of the <br />termination. The termination notice shall be delivered by certified mail return receipt <br />requested and mailed at least 30 days before the effective termination date. <br />3. CONSIDERATION (COST) (8/02) - The Government shall pay the Lessor rental for <br />the premises in the amount of $2400.00 per year during the lease period. Payments <br />shall be made in arrears at the end of each Government fiscal year without the <br />submission of invoices or vouchers. The payments shall be directly deposited in <br />accordance with the Electronic Funds Transfer (EFT) Payment clause in this lease. <br />Payments shall be considered paid on the day an electronic funds transfer is made. <br />4. HOLDOVER (7/14) — If after the expiration of the lease, the Government shall retain <br />possession of the premises, the lease shall continue in force and effect on a month-to- <br />month basis. Rent shall be paid in accordance with the terms of the lease, in arrears <br />on a prorated basis, at the rate paid during the lease term. This period shall continue <br />until the Government shall have signed a new lease with the Lessor, acquired the <br />property in fee, or vacated the leased premises... <br />RESTORATION (4/10) The Government shall surrender possession of the premises <br />upon the date of expiration or termination of this lease. If the Lessor provides <br />written notice, prior to the date of expiration or termination, requesting restoration of <br />the premises, the Government at its option shall within ninety (90) days after such <br />expiration or termination, or within such additional time as may be mutually agreed <br />upon, either: <br />(a) Restore the premises to as good condition as that existing at the time of the <br />Government's initial entry upon the premises under this lease or any <br />preceding lease (changes to the premises in accordance with paragraph <br />1(a), 1(b) and 1(c) above, ordinary wear and tear, damage by natural <br />elements and by circumstances over which the Government has no control, <br />excepted) or, <br />(b) Make an equitable adjustment in the lease amount for the cost of such <br />restoration of the premises or the diminution of the value of the premises if <br />unrestored, whichever is less. Should a mutually acceptable settlement be <br />made hereunder, the parties shall enter into a supplemental agreement <br />hereto effecting such agreement or, <br />ANTENNA AND RACK SPACE LEASE <br />January 2016 <br />OMB Control No. 2120-0595 <br />Pg. 2 <br />
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