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<br /> .� ,, �, NOW THEREFORE, for good and valuable consideration, the receipt and t®�,,° , °'t
<br /> sufficiency of which Is hereby acknowledged, and intending to be legally bound, the
<br /> + ,. •• < parties agree as follows:
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<br /> f a • ° 1.BACKGROUND RECITALS.The Background Recitals are true and correct and f .'*w g
<br /> kform a material part of this Lease. p
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<br /> k "{ 2 PROPERTY: The Landlord hereby leases to the Tenant, and.Tenant hereby �� 6 r `
<br /> leases from Landlord the real'properly located in the County of Indian River,Florida,as 'a r-4• '4
<br /> r4 more particularly described on Exhibit 1 attached hereto and by this. reference `' °
<br /> Incorporated herein in its entirely, together with the impravem nis, buildings, and t �, a 0
<br /> k. facilities situated thereon (collectively, referenced as the 'Leased• Premises").
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<br /> : .i''',...-1',..y I Notwithstanding the foregoing;Landlord andTenant acknowledge and agree'That iti ;' �,,
<br /> building known as the Gifford Aquatic;Center'partially located on the Leased.Premises. °:r
<br /> is:nota part of the leasehold estate granted under this Lease. '°s . `°r _ �
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<br /> 3. TERM. The initial term of this Lease shall be forty40 # ._
<br /> ° i ( ) years commencing
<br /> t November 19,2002 and terminating on November 18,2042(Expiration Date"), a x, ," �� .,"°4°
<br /> 4,RENT. The rent for the Leased Premises shall be One Dollar(1.00)per year for ,,• '
<br /> �� l'...' € each year of the term of this Lease,payable in advance on November 12 of each year71,
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<br /> of the term of this Lease. a gr
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<br /> 5. USE OF LEASED PREMISES. During the term of this Lease,the Tenant shall + � :a fs
<br /> use the Leased Premises for the public purposes provided by the Gifford Youth Activity 'r w s a
<br /> a t Center, Inc,as the Gifford Youth Activities Center,which shall be opened to the public ' ° .. s '
<br /> k on a nondiscriminatory basis without regard to race,creed,handicap,or sex. � �
<br /> ° 6. LEASED PREMISES LEASED "AS IS". Tenant agrees that' the Leased .. r'. r
<br /> `, °i. Premises is being leased"as is"and that Landlord makes no warranty or guarantee of " , a1
<br /> ' e the condition of the Leased Premises or any of the improvements thereon. Tenant has
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<br /> examined'the Leased Premises and has determined that the Leased Premises are '"t„...',7°.,'''`
<br /> " suitable for Tenant's purposes.
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<br /> � ' 7. COMPLIANCE WITH LAWS. Tenant shall comply with all of the laws, rules, t
<br /> r r ordinances, and regulations of the County, State and Federal Governments, and w8°
<br /> ,...?0.>.: r +' '� agencies regarding the use of the Leased Premises: fi� m
<br /> r 4 , ' 8 JVIAiNTENANCE AND REPAIRS. The Tenant agrees lo make:any and all repairs a`a:'
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<br /> and improvements to the Leased Premises and agrees to keep the Leased Premises in ::',7,1,Z47:41‘.4`7 ' r
<br /> 3 it, ;se !i,„ a a f' a safe clean'and attractive-condition during the rein)of this L ase,Landlord agrees to
<br /> •mow grass arid maintain the landscaping and shrubbery. Tenant agrees to maintain the a �
<br /> ''" a automobile parking areas driveways and the exterior of. the building, Landlord's :i..
<br /> Renewal and;Replacement Fund;;(see'paragraph 13x3.),may be drawn upon for needed ,
<br /> n i r tai '! repairs with, Board of County, Commissioners'rs` approval, but not for ordinary '1 474,4i,,'
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<br /> w.- r °'## atl�+K:r t5�, maintenance. Upon.:the expiration of the lease,the"Tenant shall surrender iht,Lerrasert 1`» e�'W
<br /> Premises quietlyy
<br /> .P and peaceably In substantially the same condition as it was at the
<br /> ,° outset of this Lease,reasonable:wear and tear and damage by the elements excepted. '''''''',,."5; t r
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