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e5v IL - • { <br />LEASE AGREEMENT l i <br />w <br />THIS LEASE AGREEMENT ("Lease") entered into as of this 20th day of November, <br />2007, between INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS, a political . <br />subdivision of the State of Florida, having an address of 1801 27th Ave, Vero Beach, FL 32960 <br />("County") and. , having an address of 4055 41St Ave., Vero Beach, <br />FL32960 (Tenant") <br />6a-ckgro-un-d-Recital <br />A. Indian River County as -Land lord es Tres o set-foPth-thre'teTms`arrd conditions -for -t -e -- <br />Tenant to reside irfthe.Gifford Park Security House located with Gifford Park, a community <br />park�owned.by-the County; <br />­13—The parties hereto are entering into this Lease to provide for security with the Gifford <br />Park during the hours when the Gifford Park is closed and during non -work hours. <br />NOW, THEREFORE, for the mutual promises contained herein and other valuable <br />consideration, the parties agree to the terms and- conditions set forth in this Lease: <br />1. DESCRIPTION OF LEASED PREMISES. 'The County hereby leases to Tenant that <br />certain residence commonly known as the Gifford Park Security House ("Security House"), <br />together with the real property having an address of 4735 43rd Avenue, Vero Beach, FL 32967, <br />as more specifically depicted on Exhibit "A" attached hereto and made a part hereof (the <br />Security House and the associated real property are collectively referenced -as the "Leased <br />Premises"). <br />2. LEASED PREMISES. The Leased Premises is leased for an initial two (2) year term <br />subject to sooner termination as set forth herein ("Initial Term"). The Initial Term shall <br />commence as of November 20, 2007, and shall terminate on November 19, 2009, or on such <br />earlier date as this Lease may terminate as provided herein. <br />3. RENEWAL. Provided the County and Tenant agree to renew the Lease (as it may have <br />been modified from time to time) on mutually beneficial terms; and further provided that the <br />Tenant is not in default under any of the terms and conditions of this Lease, this Lease may be <br />renewed for a maximum of seven (7) successive terms of two (2) years (each, a "Renewal <br />Term"), for a maximum aggregate of sixteen (16) years combined Initial Term and Renewal <br />Terms. Each Renewal Term - is subject to a I F of the provisions set _f &f F in this Leas <br />Notwithstanding the foregoing, the County may extend or renew this Lease beyond the sixteen <br />(16) years if deemed to be in the best interest of Indian River County. Renewal of the mutually <br />agreeable Lease shall be completed ninety (90) days prior to the end of the Initial Term, and <br />forty-five (45) days prior to the end of each Renewal Term. Upon renewal of this Lease, County <br />shall send a Renewal Notice to Tenant. <br />4. SECURITY DEPOSIT AND RENT. Tenant acknowledges and agrees that no security <br />deposit is required under this Lease; however, nothing in this Lease shall be deemed to <br />preclude the County from requiring a security deposit upon any renewal of this Lease or upon <br />re -letting of the Security House to a subsequent tenant. Accordingly, Tenant shall safeguard the <br />Leased Premises on behalf 'of the County as set forth in this Lease. No rent is due hereunder. <br />152 <br />