2021-207 - Laserfiche WebLink

Home Browse Search

THIRD EXTENSION TO LEASE AGREEMENT THIS THIRD EXTENSION TO LEASE AGREEMENT ("Third Extension") by and between Indian River County, Florida, a political subdivision of the State of Florida, whose address is 1801 27th Street, Vero Beach, Florida ("County" or "Landlord"), and Senior Resource Association, Inc., a Florida non-profit corporation, whose address is 694 14th Street, Vero Beach, FL 32960 ("Tenant"). BACKGROUND RECITALS: WHEREAS, the Parties entered into a Lease Agreement ("Agreement") dated July 17, 2012, for a maintenance facility and administrative offices on County owned land located at 4385 and 4395 43rd Avenue, Vero Beach, Florida; and WHEREAS, the term of the Agreement was for five years in order to provide the Tenant with space to store and maintain its fleet of buses, including related operations and administration; and WHEREAS, the Parties entered into an Amendment and Extension to Lease Agreement on August 16, 2016 to include language required in lease agreements for facilities built with Federal Transit Administration funding and to extend the Agreement for a two-year term; and WHEREAS, the Parties entered into a Second Extension to Lease Agreement on October 15, 2019 to extend the Agreement for an additional two-year term, expiring on May 21, 2021; and WHEREAS, the Parties desire to extend the term of the lease for an additional two years; NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereby agree as follows: 1. Recitals. The above recitals are true and incorporated as a part of this document by reference herein. 2. Extension. The term of the Lease Agreement dated July 17, 2012 is hereby extended an additional two years, now terminating on June 30, 2023. 4. Existing Terms and Conditions. Other than the above stated Extension, the terms and conditions of the Lease Agreement dated July 17, 2012, and Amendment dated August 16, 2016, shall remain in full force and effect. THE REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY.