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• • , '',:*....,,.4:' '',..;' ; ':• .• ' , • h • 1, l'1' 1 t 'I t i(` i t .(j ,s, �FC .1 da- 3..s'„z LEASE AGREEMENT 9 . THIS LEASE AGREEMENT ("Lease") dated as of November 19, 2002, ("Effective Date") between the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida (hereinafter called the "Landlord") and Gifford Youth Activity Center, Inc., a Florida not for profit corporation (hereinafter called the"Tenant"). BACKGROUND RECI i ALS . A. Indian River County Is authorized pursuant to Section 125.38, Florida Statutes, . to lease real property owned by Indian River County to not for profit organizations organized for the purposes of promoting community interest and welfare. K B. On January 6,1998,the Indian River County Board of County Commissioners as landlord entered into a lease agreement with Progressive Civic League of Gifford,Florida,Inc.as tenant for the Gifford Youth Activities Center(hereinafter the"Progressive Lease"). C. The Progressive Lease had a twenty-year term ending January 6,2012. " D. Thereafter, an entity known as the Gifford Youth Activity Center, Inc. was incorporated as a Florida not for profit corporation on December 27, 2001 and organized exclusively for religious,charitable,scientific,literary,and educational purposes within the meaning of Section 501(c)(3)of the Internal Revenue Code of 1986. E. The Progressive Civic League of Florida, Inc. and the Gifford Youth Activity Center, Inc.have agreed that the purposes of the Gifford Youth Activity Center would now be best served by being under the auspices of the Gifford Youth ; . a Activity Center,Inc. , F. On April 9, 2002, the Indian River County Boardof County Commissioners considered a request made by the Gifford Youth Activity Center, Inc.to become • - the tenant of the Gifford Youth Activity Center either by the assignment of the ' -' Progressive Lease or pursuant to a new lease. G. The Indian River County Board of County Commissioners directed that:(i)a new : , t:r . - lease, having the Gifford Youth Activity Center, Inc. as tenant, be prepared for f„ , a the Gifford Youth Activity Center; and (ii)the Progressive Lease be terminated ,. • as of the effective date of the new lease. H. Landlord desires to lease the Leased. Premises (as such term is hereinafter $ defined) to Tenant on the terms and conditions set forth herein and Tenant desires to lease the Leased Premises from Landlord on the terms and conditions • set forth herein. s • 1 } •a • ., et