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HomeMy WebLinkAbout2024-120A TRUE COPY CERTIFICATION ON LAST PAGE RYAN L. BUTLER, CLERK FOURTH RENEWAL TO THIRD AMENDMENT OF LEASE AGREEMENT THIS FOURTH RENEWAL OF THIRD AMENDMENT OF LEASE AGREEMENT ("Renewal') is entered into as of the 4th day of June, 2024 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 #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, on June 21, 2022, the Lessor and Lessee renewed the Lease Agreement for the second one (1) year term; WHEREAS, on June 6, 2023, 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 extended for the third one (1) year term; and Page I of 2 S"ArE of F_o+IOA XciAN RIVER COUNTY THIS IS TO CERTIFY THAT THIS ISA TRUE AND CORRECT COPY OF THE ORIGINAL ON ME IN THIS OFFICE. RYAN L BUWCLERK 8Y C. DATE 1X01a to 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 renewed to provide for an additional term of one year from June 19, 2024 to June 18, 2025. 3. Be it further amended that the rental rate paid to the Lessor by the Lessee be increased by 3% to $1,194.05 per month or $14,328.60 annually. 4. 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, 2024. ,.•otirnissio;,••.•• o�G• .. ✓e INDIAN RIVER COUN s Susan dams, hairman Bo of County Commission' L�b`R ni�R Date Approved: June 4, 2024 ATTEST: Ryan L. Butler Clerk of the Court and Comptroller By: Zko I I (I - kn-p-ciJ Deputy Clerk APPROV AS T FO , 0 William K. De aal, Esq. County Attorney Page 2 of 2 St. Lucie Battery and Tire Company By: G. Douglas Miller Title: President Witnessed by: Signature:_ Printed name: Signature:_ Printed name: APP E ohn A. Ti anich, Jr. (01 County Administrator