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2019-046B
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2019-046B
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Last modified
12/27/2019 12:19:42 PM
Creation date
3/29/2019 2:35:18 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/26/2019
Control Number
2019-046B
Agenda Item Number
8.D.
Entity Name
Gifford Youth Achievement Center
Subject
Third Amendment to Lease Agreement
Alternate Name
Stormwater Easement
Document Relationships
2019-024
(Agenda)
Path:
\Resolutions\2010's\2019
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THIRD AMENDMENT TO LEASE AGREEMENT <br />THIS THIRD AMENDMENT TO LEASE AGREEMENT ("Third Amendment") dated as of <br />March 7th , 2019, between the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, a political subdivision of the State of Florida (hereinafter called the <br />"Board") whose address is 1801 27th Street, Vero Beach, FL 32960 and GIFFORD YOUTH <br />ACTIVITY CENTER, INC. n/k/a GIFFORD YOUTH ACHIEVEMENT CENTER, INC., a Florida <br />not for profit corporation (hereinafter called "GYAC") whose address is 4875 43rd Avenue, Vero <br />Beach, FL 32967. <br />BACKGROUND RECITALS <br />A. On January 6, 1998, the Indian River County Board of County Commissioners as landlord <br />entered into a lease agreement with the Progressive Civic League of Gifford, Florida, Inc. <br />as tenant for the Gifford Youth Activities Center. <br />B. On April 9, 2002, the Board considered a request made by the Gifford Youth Activity <br />Center, Inc. with the support of the Progressive Civic League to become the tenant of the <br />Gifford Youth Activity Center pursuant to a new lease. <br />C. On November 19, 2002, the Board approved a new lease with the Gifford Youth Activity <br />Center, Inc. as tenant, for a term of forty (40) years at a rate of $1.00 per year. <br />D. On January 20, 2015, the Board extended the lease with the GYAC, now known as the <br />Gifford Youth Achievement Center to a 99 -year lease, with an ending date of December <br />31, 2114. <br />E. On March 6, 2018, the Board approved a Second Amendment to Lease Agreement in <br />order for plans for GYAC to build an additional structure on the leased premises consisting <br />of a one story, 13,000 square foot classroom building that could be expanded to add a <br />second story of 13,000 square feet in the future. <br />F. During the construction of the classroom building, it was discovered that additional property <br />for stormwater treatment was needed requiring a Third Amendment to the 2002 Lease. <br />The Board and GYAC desire to enter into a Third Amendment to Lease Agreement to add <br />the property needed for the required stormwater treatment. <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which is hereby acknowledged, and intending to be legally bound, the parties agree as follows: <br />BACKGROUND RECITALS. The Background Recitals are true and correct and form a material <br />part of this Lease. <br />AMENDMENT. The Lease dated November 19, 2002, shall be amended to add the real <br />property to the leased premises for stormwater treatment purposes, and that property is more <br />specifically depicted on the sketch and legal description attached as Exhibit "A" and <br />incorporated by reference herein. <br />UNCHANGED. Unless amended above, the terms and conditions of the Lease dated <br />November 18, 2002 shall remain unchanged. <br />1 <br />
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