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10/07/2025
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10/07/2025
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12/12/2025 1:28:24 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
10/07/2025
Meeting Body
Board of County Commissioners
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Improvement Trust Fund of the State of Florida and. Indian River County dated June 3, <br />2005. This Sublease is conditioned upon the County's leasehold in the Subleased <br />Premises, and upon written approval by the Bureau of Public Lands Administration, <br />Division of State Lands, on behalf of the. Board of Trustees of the Internal Improvement <br />Trust Fund of the State of Florida. This Sublease shall terminate automatically upon early <br />termination or a conveyance of Lease 4490 or upon a withdrawal of consent by the Board <br />of Trustees for this Sublease. <br />18. County shall have the right to terminate this Sublease upon the occurrence of <br />any of the following (each an "Event of Default"): 1) Loss of non-profit corporation status by <br />Tenant; 2) Abandonment by Tenant of the Subleased Premises; 3) Default of, non- <br />performance of, or other non-compliance with, any term, covenant or condition of any <br />nature whatsoever under this Sublease to be performed by Tenant; or 4) Failure to pay <br />when due any rent, or any other expense which could result in a lien being placed upon <br />the Subleased Premises. Upon the occurrence of an Event of Default, the County shall <br />send a written notice to Tenant, in the manner set forth in this Sublease, setting forth the <br />Event of Default in specific detail and the date this Sublease shall terminate in the event <br />Tenant does not cure the default. Within thirty (30) days following receipt of a default <br />notice, Tenant shall have cured the default to the reasonable satisfaction of County. In the <br />event Tenant fails to cure the Event of Default within thirty (30) days, this Sublease shall <br />be deemed to be terminated with no further action by the County, other than providing final <br />written notice to the defaulting party that the Event of Default has not been cured and that <br />the Sublease is terminated. <br />19. Tenant shall. not, in any manner, assign, transfer, mortgage, pledge, <br />encumber, or otherwise convey an interest in this Sublease, or sublet the Subleased <br />Premises or any part thereof (any one of the foregoing events hereinafter referenced as an <br />"Assignment"), without the prior written consent of County which consent may be granted, <br />conditioned, or withheld at County's sole discretion for any reason. Any such attempted <br />Assignment without County approval shall be null and void. <br />20. In the event there arises any dispute or litigation over the terms and <br />conditions of this Sublease, each party shall bear its own attorney's fees, costs, and <br />expenses to resolve that dispute. <br />. 21. -Any notices which are required, or which either party may desire to serve upon <br />the other parties, shall be. in writing and shall be deemed served when hand delivered, or <br />when actually received via U.S. Mail, postage prepaid, return receipt requested, addressed <br />to the parties at: <br />Tenant: County: <br />Attn: Gary Roy, President, Airmasters Attn: Jim Davis, Public Works Director <br />1182 Persian Lane 1840 25th Street <br />Sebastian, FL 32958 Vero Beach, FL 32960 <br />These addresses may be changed by any party by providing written notification to the <br />other parties. <br />158 <br />
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