2024-250 - Laserfiche WebLink

Home Browse Search

A TRUE COPY CERTIFICATION ON LAST PAGE RYAN L. BUTLER, CLERK LEASE AGREEMENT This lease entered into on this 24th day of September , 2024 by the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, 1801 27th Street, Vero Beach, Florida 32960, hereinafter referred to as "County", and The Roseland Women's Club, Inc. , a Florida Not for Profit Corporation, whose mailing address is P.O. Box 342, Roseland, Florida 32957, hereinafter referred to as "RWC", in consideration of the mutual promises and agreements set forth below, hereby agree as follows: WITNESSETH: 1. PROPERTY AND TERM. County hereby leases to the RWC the Roseland Community Center, located at 12925 831d Avenue, Sebastian, Florida 32958 (hereinafter "Leased Premises"), in the County of Indian River, Florida. The term of the lease shall begin the day approved by the Board of County Commissioners and end ten (10) years thereafter with an option to renew for two, five (5) year terms upon mutual agreement of both parties. The County's right of entry onto the property shall begin upon termination of this lease. 1.1 EXTENSION OF LEASE. This lease shall not be extended beyond the stated term unless agreed upon in writing, sixty (60) days before expiration of this lease. 1.2 TERMINATION OF LEASE BY RWC. RWC may opt out of this lease anytime during the lease period by providing sixty (60) days written notice to the County. Should termination occur the lease amount that has been paid for the year in which it is terminated shall be deemed non recoverable by the RWC due to the nominal rental amount. 1.3 TERMINATION OF LEASE BY COUNTY. County shall have the right to terminate this Lease upon the occurrence of any of the following (each an Event of Default); A. Loss of non-profit corporate status by the RWC; B. Institution of proceedings in bankruptcy, by or against the RWC if such proceedings continue for a period of ninety (90) days and are not dismissed, or any assignment by RWC for the benefit of creditors; C. Abandonment by the RWC of the Leased Premises for more than ten (10) consecutive days; D. Default, of non-performance of, or other non-compliance with, any term, covenant or condition of any nature whatsoever under this Lease to be performed by RWC;