Laserfiche WebLink
On May 24, 2005, the Board of County Commissioners approved the 50 -year lease agreement with the Board <br />of Trustees of the Internal Improvement Trust Fund of the State of Florida for North County Regional Park. The <br />lease commenced on June 3, 2005, and is set to expire June 2, 2055. Subsequently, on December 13, 2005, the <br />Board of County Commissioners approved and entered into a Sublease Agreement with the Airmasters Radio <br />Club, Inc., for a portion of the North County Regional Park. <br />POTENTIAL FUTURE BOARD ACTIONS <br />The State has asked that the renewal of the Sublease agreement to be approved before proceeding with an <br />amendment to add a 19 -year renewal option that would terminate 6 months before the expiration of the original <br />lease with the State. <br />STAFF RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the First renewal to Sublease Agreement <br />and authorize the Chairman to execute same. <br />Indian River County, Florida Page 2 of 2 Printed on 10/2/2025 <br />powejeQ jay LegistarTM <br />