2023-049 - Laserfiche WebLink

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at&t 2023 Site Number: IR02 FA#: 10080597 Property: 1340 OLD DIXIE HIGHWAY, VERO BEACH, FL 32960 RE: Letter Agreement for Past Due Fees Letter Agreement THIS LETTER AGREEMENT (the "Letter Agreement"), dated as of the latter of the signature dates below (the "Effective Date"), is entered into by Indian River County, a political subdivision of the State of Florida, (the "County") and New Cingular Wireless PCS, LLC, a Delaware limited liability company, ("AT&T") WHEREAS, County and AT&T's successor, Talcom, Inc. entered into a Lease Agreement on the 10 day of December 1995, as amended by the Corrected First Amendment to Lease Agreement on the 2nd day of February 2016, hereinafter collectively referred to as (the "Agreement"), whereby County leased to AT&T a certain portion of the property located at 1340 Old Dixie Highway, Vero Beach, FL 32960, (the "Property"), for the installation and operation of AT&T's communications facility in connection with Tenant's federally licensed communications business; and WHEREAS, the term of the Agreement expired on December 181', 2020 and both parties chose not to renew or extend the Agreement but allowed AT&T's continued use of the Property in accordance with the Agreement on a month to month basis (the "Holdover Period"); and WHEREAS, the County entered into an Assignment of Lease effective as of the 22nd day of July 2022, with TIGR Acquisitions III, LLC, (hereafter referred to as, the "Landlord"), in which the County transferred its right, title and interest in and to the Agreement, for a period of ninety- nine (99) years to the Landlord, terminating July 22, 2121, unless otherwise terminated sooner per the agreement between the City of Vero Beach and Indian River County, Florida; and WHERAS, AT&T desires to continue to its use of the Property, and enter into an agreement directly with the Landlord (the "New Agreement"); and WHEREAS, prior to entering into the New Agreement, County and AT&T agree to enter into this Letter Agreement to address rent due by AT&T to the County, for AT&T's use of the Property during the Holdover Period: and