HomeMy WebLinkAbout2022-123SECOND RENEWAL TO SECOND AMENDMENT OF LEASE
AGREEMENT
THIS SECOND RENEWAL OF SECOND AMENDMENT OF LEASE
AGREEMENT ("Renewal") is entered into as of the day of June, 2022 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 90th Avenue, Vero Beach,
Florida (the "Leased Premises") to serve as a short term location for a modular Fire Station #7;
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 was for an initial term of 24 months and allowed the
Lessee to renew the Lease Agreement for 3 additional one (1) year terms; and
WHEREAS, the Parties renewed the Lease Agreement, as amended, until August 18,
2020, when it was set to expire; and
WHEREAS, the Parties entered into a Second Amendment and Renewal of Lease
Agreement (Second Amendment) on August 18, 2020, that renewed the Lease Agreement for an
additional one (1) year term with the option to extend the Lease Agreement for three additional
one (1) year terms; and
WHEREAS, on July 6, 2021, the Lessor and Lessee renewed the Lease Agreement for the
first one (1) year term;
WHEREAS, it is the intent of the Lessor and the Lessee that the Lease Agreement be
extended for the second one (1) year term; and
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.
Page I of 2
2. Amendment. The Lease Agreement is hereby renewed to provide for an additional term
of one year from June 18, 2022 to June 18, 2023. Following the additional term, the Lessee
shall have the right to renew the Lease Agreement for one (1) additional one-year term,
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
one-year term. Be it further amended that the rental rate paid to the Lessor by the Lessee
be increased by 3% to $1,125.50 per month or $13,506.00 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 June, 2aER
�S41yINDIAN COUNTY..fV616,:•._
Peter D. O'Bryan,
Board of County (
Date Approved:
isslaers
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21. 202••
ATTEST: Jeffrey R. Smith
Clerk of the Court and Comptroller
By:
Deputy Cle c
APPROVED AS TO FORM:
Dylan emgold, Esq.
County Attorney
Page 2 of 2
St. Lucie Battery and Tire Company
By: G. Douglas Miller
Title: President
Witnessedb
Signature:
Printed name:,1 �C
S,
Signature:
Printed name: