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LEASE AGREEMENT <br />THIS LEASE AGREEMENT is entered into as of the day of January, 2017 by <br />and between the Indian River County Emergency Services District, a dependent taxing district <br />of the Board of County Commissioners ("Landlord") whose address is 1801 27th Street, Vero <br />Beach, FL 32960-3365 and the Indian River County Historical Society, Inc., a Florida not for <br />profit corporation, whose address is 2336 141 Avenue, Vero Beach, FL 32960 ("Tenant"). <br />WHEREAS, Landlord purchased the four acre property located at the northwest corner <br />of 431 Avenue and 4th Street in 2008, and has now constructed Fire Station 13 on the property; <br />and <br />WHEREAS, the property contains a fire look -out tower that was used to spot forest fires <br />and a small accessory building at the foot of the tower and both buildings have historical value; <br />and <br />WHEREAS, the Board recognizes the importance and value of historical buildings and <br />wishes to preserve their character; and <br />WHEREAS, the Indian River County Historical Society, Inc. (Tenant) is a not for profit <br />corporation dedicated to promote historical sites in Indian River County; and <br />WHEREAS, Tenant proposes to install web cams on the tower and broadcast the video <br />to screens in the renovated small accessory building to simulate what it is like to be on top of the <br />fire tower looking for evidence of wildfires back when the tower was in its first years of <br />existence; <br />NOW THEREFORE, in consideration of the mutual promises and agreements set forth <br />herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby <br />acknowledged, the parties agree as follows: <br />1. PROPERTY, TERM AND RENT. Landlord hereby leases to Tenant, and <br />Tenant hereby leases from Landlord, the following real property, including the fire lookout <br />tower, the small accessory building and adjacent parking area including the facilities located <br />thereon, which property is located at the northwest corner of 43rd Avenue and 41 Street, herein <br />after referred to as the "Tower Parcel" and is more particularly described as follows: <br />See Exhibit "1" attached hereto <br />("leased premises") <br />The term of this lease shall be ten (10) years commencing on January 17, 2017 and terminating <br />on January 16, 2027. The term is subject to one (1) ten (10) year renewal period upon the mutual <br />agreement of the parties. Rent for the entire lease term shall be $1.00 per year, plus applicable <br />sales or use tax. <br />P158 <br />