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12/10/2019 (2)
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12/10/2019 (2)
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6/4/2024 5:00:17 PM
Creation date
3/20/2020 4:15:20 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/10/2019
Meeting Body
Board of County Commissioners
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FOURTH AMENDMENT TO LEASE AGREEMENT <br />THIS FOURTH AMENDMENT TO LEASE AGREEMENT ("Fourth Amendment") dated <br />as of December , 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 />
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