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2022-132B
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2022-132B
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Last modified
10/11/2022 12:02:24 PM
Creation date
10/11/2022 12:01:22 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/12/2022
Control Number
2022-132B
Agenda Item Number
8.I.
Entity Name
Sebastian Area Soccer Association , Inc.
Subject
Termination of License Agreement
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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />TERMINATION OF LICENSE AGREEMENT <br />BETWEEN INDIAN RIVER COUNTY AND <br />SEBASTIAN AREA SOCCER ASSOCIATION, INC. <br />THIS TERMINATION of License Agreement is entered into this 12th day of July 2022, <br />by and between Indian River County, a political subdivision of the State of Florida, whose address <br />is 1801 27th Street, Vero Beach, FL 32060, hereinafter referred to as "Licensor" and Sebastian <br />Area Soccer Association, Inc. hereinafter referred to as "Licensee" and the parties agree as <br />follows: <br />WHEREAS, Sebastian Area Soccer Association, Inc. and Indian River County entered into <br />a License Agreement dated April 18, 2003, whereby the Licensee would develop and construct <br />soccer fields at Fran B. Adams Regional Park (North County Regional Park) providing soccer <br />fields for the use and enjoyment of soccer enthusiasts in Indian River County, Florida, in <br />exchange for a 20 -year agreement allowing them exclusive use of the property for the agreed <br />amount of $200 per year. In June 2010, an amendment was added to the agreement that <br />modified the fee to $1 per year. <br />WHEREAS, the Licensee is no longer able to utilize and maintain the property for its <br />intended purpose of providing soccer fields for the use and enjoyment of soccer enthusiasts in <br />Indian River County, Florida. <br />WHEREAS, the parties wish to terminate the License Agreement to relieve each party <br />from the requirements of the Agreement. <br />NOW, THEREFORE, in consideration of the premises and other good and valuable <br />consideration, the receipt and sufficiency is hereby acknowledged, the parties agree as follows: <br />1. The above statements are true and correct and incorporated by reference herein. <br />2. That certain License Agreement dated April 18, 2003, set to expire on April 18, 2023, is <br />hereby canceled upon the mutual consent of the parties. <br />
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