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1999-264
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1999-264
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Last modified
12/11/2023 11:40:10 AM
Creation date
3/27/2018 10:41:13 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/12/1999
Control Number
1999-264
Agenda Item Number
7.L.
Entity Name
St. Francis Manor of Vero Beach, Inc.
Subject
4th Amendment to 99 year lease
Extension of Time for St. Francis Manor to build Assisted Living Facility
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NOW, THEREFORE, upon the considerations set forth in said original <br />Lease, said Lease is hereby amended and modified so as to extend the time <br />provided to construct an assisted living facility on the site covered by the Third <br />Amendment and Modification to the Ninety -Nine Year Lease for an additional five <br />(5) years from the date of this Fourth Amendment and Modification. If an <br />assisted living facility is not constructed on the land described in the Third <br />Amendment and Modification, said land described in the Third Amendment and <br />Modification will be subject to revert to the County if an assisted living facility is <br />not built on that site within five (5) years of the date of this Fourth Amendment <br />and Modification. <br />This Fourth Amendment and Modification is subject to all of the terms and <br />conditions of the original Lease executed on August 8, 1973, and the <br />amendments executed on February 8, 1980 and July 27, 1993 and September <br />19, 1994 (except as the term to construct the assisted living facility is expressly <br />extended herein by this Fourth Modification) including the term of said Lease and <br />the rentals therein required to be paid as well as all of the other conditions <br />therein contained. <br />It is the purpose and intent of this Fourth Amendment and Modification to <br />include in the terms of said original Lease, Amendment and Modification, and <br />Second and Third Amendments and Modifications, so that the same shall <br />constitute one Lease with all the terms and conditions as contained in the <br />original Lease dated August 8, 1973. <br />2 <br />mci <br />IV <br />4 .. <br />N <br />6rJ: <br />CO <br />
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