4/2/2018 11:30:31 AM
7/21/2015 1:22:17 PM
Official Document Type
Agenda Item Number
Gifford Youth Achievement Center
Lease Agreement First Amendment 99 years
Gifford Youth Activity Center
4875 43rd Avenue
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FIRST AMENDMENT TO LEASE AGREEMENT <br />t-20-2Jf5 <br />13.x, <br />se, Reso 2 15.013 <br />2.015- 017A <br />THIS FIRST AMENDMENT TO LEASE AGREEMENT ("Amendment") dated as of <br />January 20, 2015, between the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, a political subdivision _of the State of Florida (hereinafter called the <br />"Landlord") whose address is 1801 27th Street, Vero Beach, FL 32960 and GIFFORD YOUTH <br />ACTIVITY CENTER, INC. n/k/a GIFFORD YOUTH ACHIEVEMENT CENTER, INC., a Florida <br />not for profit corporation (hereinafter called the "Tenant") whose address is 4875 43rd Avenue,( <br />Vero Beach, FL 32967. <br />BACKGROUND RECITALS <br />A. On January 6, 1998, the Indian River County Board of County Commissioners as <br />landlord entered into a lease agreement with the Progressive Civic League of Gifford, <br />Florida, Inc. as tenant for the Gifford Youth Activities Center. <br />B. On April 9, 2002, the Indian River County Board of County Commissioners considered a <br />request made by the Gifford Youth Activity Center, Inc. with the support of the <br />Progressive Civic League to become the tenant of the Gifford Youth Activity Center <br />pursuant to a new lease. <br />C. On November 19, 2002, the Board approved a new lease with the Gifford Youth Activity <br />Center, Inc. as tenant, for a term of forty (40) years at a rate of $1.00 per year. <br />D. Tenant has approached Landlord and asked to extend the Lease for an additional 99 <br />(ninety nine) years so as to increase their chances of obtaining grants and donations <br />due to the long term nature of the tenancy. <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which is hereby acknowledged, and intending to be legally bound, the parties agree as follows: <br />BACKGROUND RECITALS. The Background Recitals are true and correct and form a material <br />part of this Lease. <br />TERM. Paragraph 3 of the Lease dated November 19, 2002, the Expiration Date shall be <br />extended 99 (ninety nine) years to terminate on December 31, 2114. <br />NOTICE. Paragraph 17 shall be amended to provide notice to the Landlord at: <br />Board of County Commissioners of Indian River County <br />Attention: Public Works Director <br />1801 27th Street <br />Vero Beach, Florida 32960 <br />UNCHANGED. Unless amended above, the terms and conditions of the Lease dated <br />November 18, 2002 shall remain unchanged and in full force and effect. <br />1 <br />
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