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FOURTH AMENDMENT TO LEASE AGREEMENT <br /> THIS FOURTH AMENDMENT TO LEASE AGREEMENT ("Fourth Amendment") dated <br /> as of December 10 , 2019, between the BOARD OF COUNTY COMMISSIONERS OF <br /> INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida (hereinafter <br /> called the "Board") whose address is 1801 27th Street, Vero Beach, FL 32960 and GIFFORD <br /> YOUTH ACTIVITY CENTER, INC. n/k/a GIFFORD YOUTH ACHIEVEMENT CENTER, INC., a <br /> Florida not for profit corporation (hereinafter called "Tenant" or "GYAC") whose address is 4875 <br /> 43rd Avenue, Vero 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. On March 7, 2019, the Board approved a Third Amendment to Lease Agreement in order <br /> to add the property needed for the required stormwater treatment. <br /> G. Both parties wish to further amend the Lease Agreement to allow GYAC to serve alcoholic <br /> beverages under certain circumstances. <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 Fourth Amendment. <br /> AMENDMENT. The Lease dated November 19, 2002, shall be amended to add the following <br /> paragraph: <br /> 1 <br />