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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />Thirty and 27/100 Dollars ($2,230.27) per month during the Term of this LEASE. This monthly <br />base rental amount is based on 88,500 +/- square feet of land at $0.3024 per square foot per year, <br />15,000+/- square feet of drainage easement land at $0.00 per square foot per year, and 19399+/ - <br />square feet of building at $0.00 per square foot per year. Rent shall be due on the first (1st) day of <br />each month. Failure to pay the monthly amount due in full by the tenth (10th) of each month shall <br />result in the assessment of a late charge of five percent (5%) of the amount then owed or Fifty and <br />00/100 Dollars ($50.00), whichever is greater. <br />Section 4.2. Rent Payment Location. <br />By Mail: <br />City of Vero Beach/Airport Lease Payments <br />P.O. Box 1389 <br />Vero Beach, Florida 32961-1389 <br />In Person: <br />City of Vero Beach/Cashiers <br />1036 20th Street <br />Vero Beach, Florida 32960 <br />Section 4.3. Security Deposit. <br />No Security Deposit shall be required. <br />Section 4.4. Taxes. <br />LESSEE shall be responsible to pay all legally imposed taxes, fees, or assessments accruing <br />during the term(s) of this LEASE, for which the leasehold is not otherwise exempt under Florida law. <br />LESSEE acknowledges that nonpayment of any such tax cannot and does not constitute a lien against <br />LESSOR's interest in the Premises and will instead constitute a personal obligation of LESSEE to <br />the governmental unit imposing such tax. <br />Page 7 of 41 <br />