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L s A 8 s SOIl�IO��drrdi\rnonrr)VOia- Lessor: INDIAN RIVER COUNTY, FLORIDA a political subdivision of the state of Florida 1840 25th Street Vero Beach, FL 32960, (hereafter COUNTY), Lessees INDIAN RIVER SOCCER ASSOCIATION a Florida non-profit corporation Post Office Box 650611 Vero Beach, FL 32965-0611 (hereafter IRSA, N I T N E 8 8 E T H T H A T: WHEREAS, the COUNTY is the owner of an approximately 160 -acre parcel of land located went of Rings Highway and north of Hobart Road known as the Indian River County Fairgrounds property within Hobart Park; and WHEREAS, this land is currently not being utilized throughout the year; and WHEREAS, IRSA has a present need for property on which to construct soccer fields and related facilities for the use of the soccer participants in Indian River County; and WHEREAS, the COUNTY believes that leasing some of this property on a long-term basis to IRSA would be in the public interest by providing a useful amenity for the recreational enjoyment of all soccer enthusiasts in Indian River County; NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, the receipt whereof is hereby acknowledged, the parties agree as follows: 1. Term of Lease; Rental. The COUNTY shall lease to the IRSA the property described on Exhibit "A" (Property) for a term of 20 years at a rental of TWO HUNDRED DOLLARS (;200.00) per year. The lease shall be extended automatically for an additional term of 20 years under terms similar to the original lease. 2. Use of Property. The Property shall be used by IRSA solely for the purpose of developing a soccer facility consisting of a number of soccer fields, parking areas, and related accessory structures in general conformance to the plan attached to this lease as Exhibit "B." Sub- stantial changes may be made to the plan only with the approval of COUNTY. 3. Insurance. It shall be a material condition of this lease that IRSA obtain commercial general liability insurance in the amount of $1,000,000 naming COUNTY as an additional insured. The policy shall provide that written Notice of Cancellation shall be given to COUNTY at least 30 days before the cancellation shall become effective. The insurance shall be written on a policy and on a company acceptable to the COUNTY's Risk Management Division. 4. Non-discrimination.- IRSA shall operate the soccer facility in a non- discriminatory mannr complying with all local, state, and federal laws, rules, or regulations which pertain. 5. Cancellation. This lease may be terminated by the COUNTY at any time for breach of any material condition or by the COUNTY on notification by any state or federal environment regulatory agency that a serious health hazard exists from continued use of the Property. In such an event IRSA shall make no claim against COUNTY for any damages. IRSA may cancel this agreement at any time by giving COUNTY 30 days written notice.1 At the termination of this lease from whatever cause, it shall be IRSA's responsibility to restore the Property to a condition no worse than it is on the date of execution of this lease. (page one of two)