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•4 • "I 01 -/-, TOWER AND GROUND SPACE LEASE STATE OF FLORIDA COUNTY OF INDIAN RIVER //-/�_99 cl 9-a P9 Indian River County Board of County Commissioners, hereinafter called "Lessor", and Florida Power and Light Company-, hereinafter called "Lessee", agree as follows: 1. In consideration of the mutual covenants stated herein, the Lessor does hereby grant permission to the Lessee to install and operate radio communication equipment on Lessor's property at 5350 77s' Street Hobart Park Wabasso. Florida 2. The antenna shall be installed upon the tower located at 27 degrees 44 minutes 10 seconds North and Longitude 80 degrees 27 minutes 26 seconds West, at a height of 315 Feet above ground level. Flexible coaxial transmission lines shall be installed between the antenna and the radio equipment. Such coaxial lines shall be firmly anchored to the tower. Radio communications equipment consisting of transmitter, receiver and accessories, including a back-up generator, shall be installed in the tower equipment building located at the base of the tower. Lessee shall have the right to occupy not more than 700 square feet of ground space for installation of such equipment. Committed tower utilization space, including protective clearance above and below the antenna(s), shall not exceed four feet. 3. The term of the lease and the Lessee's obligation to pay rent shall commence as noted in Section #9. The term of this lease shall be five (5) year(s) commencing on the date of this lease and shall automatically be extended for four (4) additional five year (5) extension terms thereafter unless within 90 days prior to the expiration of the term thereof, or any renewal under this provision, Lessee shall notify in writing that it does not desire to have the lease renewed. The Lessor reserves the right to terminate this lease upon 180 days prior written notice by Lessor to Lessee that the property is needed for an overriding public purpose as determined in the sole discretion of Lessor, provided, however, that the lease of the property to a third party for commercial purposes shall not be considered an overriding public purpose. 4. Lessee Defaults: A. The occurrence of any one or more of the following events shall constitute an "Event of Default" hereunder by Lessee: 1. The failure by Lessee to make any payment of rent or any other payment required to be made by Lessee hereunder, as and when due, where such failure shall continue for a period of twenty (20) days after written notice thereof is received by Lessee from Lessor.