HomeMy WebLinkAbout2020-173SECOND AMENDMENT AND RENEWAL OF LEASE AGREEMENT
THIS AMENDMENT AND RENEWAL OF RENEWAL OF LEASE AGREEMENT
("Renewal") is entered into as of the 18th day of August, 2020 by and between St. Lucie Battery
and Tire Company, a Florida corporation, ("Lessor") and Indian River County, a political
subdivision of the State of Florida (the "Lessee"):
RECITALS
WHEREAS, on June 23, 2015, Joseph G. Miller and Lessee entered into a lease agreement
(the "Lease Agreement") for the use of the property located at 1893 901` Avenue, Vero Beach,
Florida (the "Leased Premises") to serve as a short term location for a modular Fire Station 47;
and
WHEREAS, on November 2, 2016, Joseph G. Miller, individually, and as Trustee of the
Joseph G. Miller Revocable Living Trust, dated October 2, 1986, deeded the Leased Premises to
Lessor; and
WHEREAS, on May 2, 2017, Lessor and Lessee entered into an Amendment to Lease
Agreement, reflecting St. Lucie Battery and Tire Company as the Lessor on the Lease Agreement;
and
WHEREAS, the Lease Agreement allows the Lessee to renew the Lease Agreement, at its
sole discretion, for 3 additional one (1) year terms; and
WHEREAS, on June 19, 2018, the Lessor and Lessee renewed the Lease Agreement for
the second one (1) year term; and
WHEREAS, on June 19, 2019, the Lessor and Lessee renewed the Lease Agreement for
the third one (1) year term;
WHEREAS, it is the intent of the Lessor and the Lessee that the Lease Agreement be
amended so it can be extended for an additional one (1) year term with the option to extend the
lease for an additional three (3), one year terms;
NOW THEREFORE, in consideration of the mutual undertakings herein and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties
agree, as follows:
1. Recitals. The above recitals are true and correct and are incorporated herein.
2. Amendment. The Lease Agreement is hereby amended to provide for an additional term
of one year from June 19, 2020 to June 18, 2021. Following the additional term, the Lessee
shall have the right to renew the Lease Agreement for three (3) additional one year terms,
provided however, that the Lessee informs the Lessor one hundred twenty (120) days
before the expiration of the lease of the Lessee's desire to exercise its right to the additional
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one-year term. Be it further amended that the rental rate paid to the Lessor by the Lessee
be increased by 3% to $1,060.90 per month or $12,730.80 annually. The rent shall increase
by 3% each successive year the Lease Agreement is renewed by Lessee.
3. All provisions of the Lease Agreement, as amended by the Amendment to Lease
Agreement, shall remain in full force and effect.
IN WITNESS WHEREOF, the Lessor and Lessee have executed this instrument this day
of August, 2020, nunc pro tunc June 18, 2020.
INDIAN RIVER
.ams, Chairman
County Commissioners
�ppSMlSS�'
LJ tit; Lucie Battery and Ti Company
B U. DouglaVMiller
ti • e: President
COON Witnessed by:
Date Approved: August 18, 2020
ATTEST: Jeffrey R. Smith
Clerk the Court and Comptroller
By: I
eputy Clerk
APP,fWVED
Dylan Reinkoll,
County Attorney
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signature:
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