HomeMy WebLinkAbout2014-189•
AGREEMENT FOR LEASE EXTENSION 5- �' a•
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This Agreement for Lease Extension ("Amendment") entered into on the 18 day of
November , 2014, by Indian River County Solid Waste Disposal District, a dependant special
district of Indian River County, whose address is 1801 27th Street, Vero Beach, FL 32960
("Landlord"), and MWI Corporation, a Florida Corporation, ("Tenant") whose address is 201
North Federal Highway, 2u1 Floor, Deerfield Beach, FL 33441.
WITNESSETH:
WHEREAS, in 2001, the Landlord purchased from Tenant a 19.88 acre parcel of
property located at 7775 9th Street SW, Vero Beach, Florida). Purchase of the property was
made under the threat of eminent domain, as the Landlord was planning to expand its landfill and
solid waste disposal activities on or near Tenant's former property; and
WHEREAS, following the purchase of the property, (the Premises), the Landlord agreed
to lease -back the property to Tenant until December 31, 2006. The lease was renewed for an
additional five years until December 31, 2011; and
WHEREAS, before the sale and to this day, Tenant continues to use the property for the
manufacture and repair of pumps; and
WHEREAS, the Tenant continued to reside on the property under the existing lease
terms; and
WHEREAS, Tenant has requested a ten year extension to the lease and the County is not
planning to begin any type of landfill expansion within that time; and
WHEREAS, 'the County has no objection to extending its lease with Tenant for an
additional ten years.
NOW, THEREFORE, in consideration of the mutual terms and promises stated herein,
and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Landlord and Tenant agree as follows:
1. The foregoing recitals are incorporated as if fully restated herein.
2. The term of that certain Lease and the Amendments there to is hereby extended and
amended to terminate on December 31, 2024.
3. The annual lease payment shall be $75,500.00 payable in monthly installments of
$6,291.67 due on the first workday of the month. The rent shall increase by two (2)
percent each year effective with the January 1, 2015 lease payment.
4. Except as amended herein, the terms and conditions of the Lease shall remain in full
force and effect. To the extent of any conflict between the terms of this Amendment
and the terms of the Lease, the terms of this Amendment shall control.
IN WITNESS WHEREOF, this Agreement for Lease Extension is executed by the authorized
representatives of the parties, as of the day and year first above written.
MWI CORPORATION
1
INDIAN RIVER COUNTY
SOLID WASTE DISPOSAL DISTRICT
{printed name} 1 A 0 A Z. L c.c..E(12_ Wesley S. Davis, Chairman '
Approved by the BCC: 11-18-14
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ATTEST: Jeffrey R. Smith, Clerk of Court
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�pbt MlSs j'° And Comptroller
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:s BY:
* `; Deputy Clerk of Court
Approved as to form and legal suffici
William K. DeBraal
Deputy County Attorney