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11/21/2017
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11/21/2017
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1/12/2018 3:36:06 PM
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1/12/2018 3:33:26 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/21/2017
Meeting Body
Board of County Commissioners
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THE FIRST AMENDMENT TO LICENSE AGREEMENT <br />This First Amendment to License Agreement (this "Amendment") is made effective as of the latter signature <br />date hereof (the "Effective Date") by and between Indian River County, FL ("Landlord") and GTP Towers I, <br />LLC, a Delaware limited liability company ("Tenant") (Landlord and Tenant being collectively referred to <br />herein as the "Parties"). <br />RECITALS <br />WHEREAS, Landlord owns the real property described on Exhibit A attached hereto and by this reference <br />made a part hereof (the "Parent Parcel"); and <br />WHEREAS, Landlord (or its predecessor -in -interest) and Tenant (or its predecessor -in -interest) entered into <br />that certain License Agreement dated November 4, 2008 (as the same may have been amended from time to <br />time, collectively, the "License"), pursuant to which the Tenant licenses a portion of the Parent Parcel and is <br />the beneficiary of certain easements for access and public utilities and, if applicable, easements for guy wires <br />and guy anchors, all as more particularly described in the License (such portion of the Parent Parcel so <br />licensed along with such portion of the Parent Parcel so affected, collectively, the "Licensed Premises"), <br />which Licensed Premises are also described on Exhibit A; and <br />WHEREAS, Landlord and Tenant desire to amend the terms of the License to extend the term thereof and to <br />otherwise modify the License as expressly provided herein. <br />NOW THEREFORE, in consideration of the foregoing recitals and the mutual covenants set forth herein and <br />other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby <br />acknowledged, the Parties hereby agree as follows: <br />One -Time Payment. Tenant shall pay to Landlord a one-time payment in the amount of Ten Thousand <br />and No/100 Dollars ($10,000.00), payable within thirty (30) days of the Effective Date and subject to the <br />following conditions precedent: (a) Tenant's receipt of this Amendment executed by Landlord, on or <br />before November 30, 2017; (b) Tenant's confirmation that Landlord's statements as further set forth in <br />this Amendment are true, accurate, and complete, including verification of Landlord's ownership; (c) <br />Tenant's receipt of any documents and other items reasonably requested by Tenant in order to <br />effectuate the transaction and payment contemplated herein; and (d) receipt by Tenant of an original <br />Memorandum (as defined herein) executed by Landlord. <br />License Term Extended. Notwithstanding anything to the contrary contained in the License or this <br />Amendment, the Parties agree the License originally commenced on November 18, 2008 and, without <br />giving effect to the terms of this Amendment but assuming the exercise by Tenant of all remaining <br />renewal options contained in the License (each an "Existing Renewal Term" and, collectively, the <br />"Existing Renewal Terms"), the License is otherwise scheduled to expire on November 17, 2038. In <br />addition to any Existing Renewal Term(s), the License is hereby amended to provide Tenant with the <br />option to extend the License for each of three (3) additional five (5) year renewal terms (each a "New <br />Renewal Term" and, collectively, the "New Renewal Terms"). Notwithstanding anything to the <br />contrary contained in the License, (a) all Existing Renewal Terms and New Renewal Terms shall <br />automatically renew unless Tenant notifies Landlord that Tenant elects not to renew the License at least <br />sixty (60) days prior to the commencement of the next Renewal Term (as defined below) and (b) <br />Landlord shall be able to terminate this License only in the event of a material default by Tenant, which <br />default is not cured within sixty (60) days of Tenant's receipt of written notice thereof, provided, <br />however, in the event that Tenant has diligently commenced to cure a material default within sixty (60) <br />days of Tenant's actual receipt of notice thereof and reasonably requires additional time beyond the sixty <br />(60) day cure period described herein to effect such cure, Tenant shall have such additional time as is <br />necessary (beyond the sixty [60] day cure period) to effect the cure. References in this Amendment to <br />Site No: 370764 <br />Site Name: Vero Beach Ring, FL <br />//6 <br />
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