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03/05/2024
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03/05/2024
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4/30/2024 11:25:20 AM
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4/30/2024 11:09:33 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/05/2024
Meeting Body
Board of County Commissioners
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13. OPERATING COSTS. (A). County Contribution. Indian River County <br />agrees to be responsible for a portion of operating costs of the Gifford Youth Activities <br />Center on the terms and conditions set forth in this Lease. For fiscal year 2002/03, <br />Indian River County shall contribute up to $122,443 on a reimbursement basis for those <br />costs as itemized in the Operating Budget approved by Indian River County. <br />Subsequent years' contribution are expected to be adjusted upward or downward <br />annually to reflect changes in the consumer price index for all urban consumers for the <br />South, all items, 1982-84 equals 100, as published by the U.S. Department of Labor, <br />Bureau of Labor Statistics ("CPI"); provided, however, that no increase or decrease in <br />the contribution by the County shall exceed percent (3%) per annum; and further <br />provided, that the County contribution will be reduced by the amount of grants obtained <br />for each fiscal year's operating expenses and/or programs. <br />(B) OPERATING BUDGET AND RENEWAL AND REPLACEMENT FUND. An <br />itemized operating budget shall be submitted to Indian River County by April 1st of each <br />fiscal year. Actual annual appropriations shall be approved through the County <br />budgetary process. While the CPI shall be utilized as a guide to adjustment of annual <br />operating expenses, the County's annual contribution to the operating expenses shall be <br />subject to annual appropriation from legally available funds. For each fiscal year, five <br />percent (5%) of the County's contribution to the Tenant's operating budget shall be <br />retained by Landlord and held in reserve by Landlord in a Renewal and Replacement <br />Fund for repairs to the Gifford Youth Activities Center. <br />14. RIGHT TO INSPECT. The Landlord may enter and inspect the Leased <br />Premises at all reasonable hours to insure the Leased Premises are being properly <br />maintained and kept in good condition. <br />15. PROHIBITION ON ASSIGNMENT, SUBLEASE, OR ENCUMBRANCE. Tenant <br />shall not, in any manner, assign, transfer, mortgage, pledge, encumber, or otherwise <br />convey an interest in this Lease, or sublet the Leased Premises or any part thereof (any <br />one of the foregoing events hereinafter referenced as an "Assignment"), without the <br />prior written consent of the Landlord which consent may be granted, conditioned, or <br />withheld at Landlord's sole discretion for any reason. Any such attempted Assignment <br />without Landlord approval shall be null and void. <br />16. ATTORNEY'S FEES AND COSTS. In the event there arises any dispute or <br />litigation over the terms and conditions of this Lease, each party shall bear its own <br />attorney's fees, costs, and expenses to resolve that dispute. <br />17. NOTICE. Any notices which are required, or which either party may desire <br />to serve upon the other, shall be in writing and shall be deemed served when hand <br />delivered, or when actually received via U.S. Mail, postage prepaid, return receipt <br />requested, addressed to Tenant at: <br />Gifford Youth Activity Center, Inc., <br />4875 43`d Avenue <br />Vero Beach, Florida 32967 <br />4 163 <br />
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