7/11/2017 12:27:29 PM
7/11/2017 12:23:56 PM
Official Document Type
Agenda Item Number
Senior Resource Association, Inc.
Main hub for Go line
1225 16th Street
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
All rights reserved.
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View plain text
SUBLEASE AGREEMENT <br />THIS SUBLEASE AGREEMENT ("Sublease") by and between Indian River County, <br />Florida, a political subdivision of the State of Florida, whose address is 1800 27th Street, <br />Vero Beach, Florida ("County"), and Senior Resource Association, Inc., a Florida non-profit <br />corporation, formerly known as Council on Aging, Inc., whose address is 694 14th Street, <br />Vero Beach, FL 32960 ("SRA"), shall take effect as of July 1, 2017 ("Effective Date"). <br />BACKGROUND RECITALS: <br />A. The Senior Resource Association is the Community Transportation Coordinator <br />(CTC) and Transit Service Provider for Indian River County. The SRA operates a fixed <br />route bus system serving the citizens of Indian River County utilizing over 50 buses. Most <br />of the buses operated by the SRA are titled to Indian River County as the owner of the <br />vehicles. The operation of the buses for the citizens of Indian River County serves a <br />valuable public purpose; and <br />B. The SRA's transit system, the GoLine, has steadily increased in ridership, <br />popularity and size, necessitating construction of a main transit hub facility to <br />accommodate passengers and the buses for the various routes; and <br />C. Effective April 16, 2013, the City of Vero Beach and the County entered into a <br />ground Lease Agreement ("Ground Lease") to provide for a site for the construction of a <br />main transit hub facility on 1.6 acres of City owned land located at1225 16th Street, Vero <br />Beach, FL whose legal description is attached as Exhibit A, and incorporated by reference <br />herein. <br />D. Construction of the Indian River Transit Main Hub ("Main Hub") is now complete. <br />The Main Hub includes a 1,000 square foot building, parking lot, covered walk ways, <br />covered waiting area and restrooms. The Main Hub was built using grant funds and will <br />continue to be considered a County owned improvement on City owned property. <br />E. The County and SRA now desire to enter into a Sublease Agreement with a five <br />year term that will allow the SRA to utilize the Main Hub for passenger operations; and <br />F. Pursuant to Florida Statues Section 125.38, the County has the ability to set a <br />nominal rent regardless of the actual value of the property so long as the price of the rent <br />shall be set forth in a resolution of the Board of County Commissioners. <br />NOW, THEREFORE, for good and valuable consideration, the receipt and <br />sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the <br />parties hereby agree as follows: <br />1. Recitals. The above recitals are true and incorporated as a part of this document <br />by reference herein. <br />2. Property, Rent and Term. The County hereby Subleases to the SRA, and the <br />SRA hereby Subleases from County, the property and any improvements thereon <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.