1st Renewal 08/15/2007DANNY it. KOLHAGE
CLERK OF THE CIRCUIT COURT
DATE: August 23, 2007
TO: Peter Horton, Manager
Key West International Airport
FROM. Pamela G. Hancgc L
Deputy Clerk t �'
At the August 15, 2007, Board of County Commissioner's meeting the Board granted
approval and authorized execution of a Lease Renewal Agreement between Monroe County and
the Boys and Girls Club of the Keys Area, Inc. for the facility at the Key West International
Airport, in the amount of $56,400 to be paid to the Airport from the 304 Fund. The original
Lease Agreement is hereby renewed for a one -year term beginning May 5, 2007 and expiring
May 4, 2008.
Enclosed is a duplicate original of the above- mentioned for your handling. Should you
have any questions please do not hesitate to contact this office.
cc: County Attorney
Finance
Filet
LEASE RENEWAL AGREEMENT
BOYS AND GIRLS CLUB at KWTA
THIS LEASE RENEWAL AGREEMENT is made and entered into this ;f!Lday of
{~ _, 2007, by and between MONROE COUNTY, a political subdivision of the State of
Florida, whose address is the Key West International Airport, 3491 South Roosevelt Boulevard, Key
West, FL 33040, hereafter "COUNTY", and THE BOYS AND GIRLS CLUB OF THE KEYS AREA,
INC, whose addness is 3465 South Roosevelt Boulevard, Key West, FL 33040, hereinafter "TENANT"
The parties agree as follows:
WHEREAS, the County is the sole owner of the premises located adjacent to the Key West
International Airport as described in the Lease Aweement attached hereto as Exhibit A and made a part of
this Lease Renewal Aweement; and
WHEREAS, this Lease Agreement was entered into by the above-named parties on October 15,
1997, hereinafter "original Lease Aweemenf'; and
WHEREAS, the term of the original Lease Agreement was for a period of ten (10) years,
beginning on May 5, 1997 and expiring on May 4; and
WHEREAS, an Appraisal Report was prepared by Appraisal Company of Key West based on a
site visit and valuation date of January 10, 2007 at the request of the County, attached hereto as Exhibit B
and made a part of this Lease Renewal Aweement; and
WHEREAS, on April 18, 2007 the Monroe County Board of County Commissioners conceptually
approved a one-year lease renewal with rent due in the amount of $56,400 to be paid to the Airport from
the 304 Fund; and
WHEREAS, on April 18, 2007 the Monroe County Board of County Commissioners further
directed the Monroe County Public Works Department to be responsible for maintenance to the leased
premises throughout the one-year lease renewal term;
NOW THEREFORE, IN CONSIDERATION of the mutual promises and covenants set forth
below, the parties agree as follows:
1. Th,~ original Lease Agreement is hereby renewed for a one-year term beginning May 5,
2007 and expiring May 4, 2008 for the premises described in Exhibit A, attached hereto
and made a part of this Lease Renewal Aweement.
2. Th,~ parties agree the rental amount of $56,400 for the one-year lease renewal period will
be paid to the Monroe County Airport from the 304 Fund.
3. The parties agree that the Monroe County Public Works Department will be responsible
for maintenance to the leased premises throughout the one-year lease renewal period.
4. The parties agree that during the term of this lease, and for any further time that the Boys
and Girls Club may occupy the premises, the Lessee must keep in force and effect the
insurance described in Exhibit C, attached hereto and made a part of this Lease Renewal
Agreement.
5. Except as provided in Sections 1, 2, 3 and 4 of this Lease Renewal Agreement all the terms
and conditions of the original Lease Aweement remain in full force and effect.
JNWITNESS WHEREOF, the parties have set their hands and seal the day and year first above
witt(;ri. '
,/
(SEAL)
ATTE.ST: D~IY L. KOLHAGE, CLERK
l(]~ ~<Ju
1)eputy Clerk
WITNESSES:
,~ ')Y) 'j~,
Signature
..k.c..;r.1"ir.i<J M jCE,u1
Print Name
,--1L{h~o t(1ftdsU~J6
Slgnat e ,
~~
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By ~,((}&
Mayor Mario Di Gennaro
,
By
Signature
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I-- Print Name! Title
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LEASE ,\GREEMEtJT
This lease is made and entered into into this /C;CAdayof /: C '; if;;:it_1997. by Monroe County.
a political subdivision at the State of Florida. whose address is 51 00 College Road. Stock Island. Key
West. FL 33040. hereafter County. and the Boys and Girls Club of the Keys Area. Inc.. a non-profit Florida
,
corporation. whose address is 1400 Kennedy Drive. Key West. FL 33040. hereafter the Boys and Girls Club.
WITNESSETH:
WHEREAS. the County is the sole owner of the premises described in this lease; and
WHEREAS. the Boys and Girls Club desires to lease premises for use as a youth center in order to
provide the County's young people with an enjoyable alcohol and drug free environment and.
thereby. help to alleviate the County's juvenile delinquency rate; and
WHEREAS, the County finds that leasing the premises to the Boys ancj Girls Club for use as a youth
center is a proper public purpose that could be performed by the County directly; NOW THEREFORE
IN CONSIDERATION of the mutual covenants contained in this lease, the parties agree as follows;
Section 1. The County leases to the Boys and Girls Club the following property in the City of Key
West: See attached Exhibit A. which is incorporated into this Agreement. including the building on that
land. hereafter referred to collectively as the premises.
Section 2. The Boys and Girls Club must use the premises as follows:
oj The holding of weekly dances on Friday nights for students in the 6th through the 8th
grades.
bl The holding of weekly dances on Saturday nights for high school students. 9th through 12th
grade.
c) To consult with and utilize all other non-profit community organizations who desire to
provide activities and programs of interest ~o persons under the age of 18.
dl To provide a youth center open seven days a week with activities and dances provided
for young people on a daily and weekly time frah1e and to provide entertainment for children when
school is not in session.
e)
To provide activities for grade levels:
1.1 Elementary, 3 - 5
2.1 Middle School. 6 - 8
3.) High School. 9 - 12
I
EXHIBIT
A
f) To provide and promote programs for all the children and young people living in Monroe
County, wherever located.
Section 3, The County leases the premises for the term of ten years beginning on May 5. 1997
and ending on MClY 4. 2007. The total rental due for the premises is $550.000. payable in a lump sum or
as follows:
oj May 5. 1997
bj May 5. 2000
c) May 5. 2001
$300.000
$100,000
$150,000
In consideration of the valuable youth-oriented activities provided by the Boys and Girls Club, the
County shall credit Fund 304 Capital Improvement revenues (the one cent infrastructure sales tax)
allocated in a lump sum or in Fiscal Years 1997, 2000 and 2001 for Key West International Airport and
Marathon Airport capital improvements in the amounts described in (a) - Ie) as the rent payments.
If the rental poyment method authorized by this paragraph is disapproved by the Federal Aviation
Administration, then this lease agreement is automatically void, of no force and effect, with neither
party under any further obligation or duty toward the other.
Section 4. Alterations, additions or improvements to the premises.
a) Subject to the approval of the County, the Boys and Girls Club may, at its own expense,
make alterations, odditions or improvements to the building and may build additional structures at the
premises. Alterations, additions and improvements must be constructed in a workmanlike manner, meet
all applicable building and zoning codes, must not weaken or impair the structural strength or lessen the
value of the building or the premises or change the purposes for which the building, or any parl of it,
may be used. Before beginning any work, all plans and specifications must be approved by, and a
building permit issued by, the governmental entity or entities that have jurisdiction over the
construction.
bj All alterations. additions and improvements at the premises at the beginning of this lease,
and any that are constructed during the term, are, or will become, parl of the premises and the sole
properly of the County. except that moveable fixtures installed by the Boys and Girls Club are its
properly and may be removed by the Boys and Girls Club at the end of this lease.
Section 5. During the term of this lease, the Boys and Girls Club musl. at its own cost and
expens~, repair or replace. and maintain in good, safe and substantial condition. all buiidings and
improvements at the premises, along with any additions or alterations to those buildings and
improvements. The Boys and Girls Club must also use all reasonable precaution to prevent waste.
damage or injury to the premises.
Section 6. All utility services must be applied for by the Boys and Girls Club and must be in the
name of the Boys cmd Girls Club only. The Boys and Girls Club is solely liable for utility charges as they
2
become due, including charges for sewer, water, gas, electricity, telephone and coble, or wireless
coble, television,
Section 7, During the term of this lease, and for any further lime ,that the Boys and Girls Club may
occupy the premises, the Lessee must keep in force and effeel the insurance described in Exhibit B,
,
Exhibit B is attached and made part of this lease agreement.
Section 8. The Boys and Girls Club may not assign, pledge, mortgage or hypothecate this lease
or any interest that the Bays and Girls Club has under this lease without the permission of the County,
Further. the Boys and Girls Club may not sublease the premises or any portion of the premises without
the permission of the County, Any unauthorized pledge. mortgage, assignment. hypothecation or
sublease is void and operates to terminate this tease'at the option of the County. Nothing in this seelion
should be construed to prevent the occasional rental of the use of the premises to other groups,
individuals and organizations for charitable. social or civic purposes.
Section 9. The Boys and Girls Club must. on the last day of the lease term, or earlier on
termination or abandonment, peaceably and quietly surrender and deliver the premises to the County,
Moveable fixtures Gnd personal property that belongs to the Boys and Girls Club may be removed on or
prior to the end of the term or upon termination or abandonment. Moveable fixtures and personal
property left on the premises after the end of the term, or after the date of termination or
abandonment. will become the property of the County without the need for any payment to the Boys
and Girls Club. The County may also remove such moveable fixtures and personal property and store
them at the expense and risk of loss of the Boys and Girls Club. If the Boys and Girls Club causes any
damage to the premises when it removes its moveable fixtures and personal property. it must promptly
repair such damane or pay the County the estimafed cost of the repairs. The cost estimate will be
made by the County Engineer whose decision will be binding on the Boys and Girls Club.
Seelion 10. The Boys and Girls Club is liable for and must fully defend, release. discharge,
indemnify and hold harmless the County. the members of the County Commission. County officer and
employees. and County agents and contraelors. from and against any and all claims. demands,
causes of action. losses. costs and expenses of whatever type - including investigation and witness costs
and expenses and attorneys' fees and costs - tha~,arise out of or are attributable to the Boys and Girls
Club's operations at the premises, excluding those claims, demands. damages, liabilities. actions,
causes pf aelion, losses, costs and expenses that are the result of the sole negligence of the County.
The Boys and Girls Club's purchase of the insurance required in paragraph 7 and ExhibitB does not
release or vitiate its obligations under this paragraph.
Section 11. The Boys and Girls Club for itself, its personal representatives, successors in interest. and
assigns, as a part of the consideration hereof. does hereby covenant and agree that (1) no person on
the grounds of race, color. or national origin shall be excluded from participation in Boys and Girls Club
programs, denied .the benefits of, or be otherwise subjected to discrimination in the use of the premises,
3
(2) thai in the pro'"ision of such services, no person on the grounds of race. color or nalional origin sholl
be excluded from participation in. denied the benefits or. or be otherwise subjected to discrimination.
(3) that the Boys and Girls Club sholl provide such services in compliance with 011 other applicable
requirements imposed by or pursuant to Title 49. Code of Federal Regulations. Department of
,
Transportation. Subtitle A..Office of the Secretary. Part 21. Effectuation of Title VI of the civil Rights Act of
1964. and as said Regulations may be amended.
That in the even of breach of any of the above nondiscrimination covenants. the County shall
have the right to terminate this agreement as if said agreement had never been made or issued. The
provision shall not be effective until the procedures of Title 49. Code of Federal Regulations. Part 21 are
followed and completed including exercise or expiration of appeal righfs.
Section 12. Because of fhe rent funding mechanism described in Section 3 of this lease, the Boys
and Girls Club acknowledges that its record relating to the programs and services provided at the
premises are public records subject to disclosure under Chapter 119. Florida Statutes. Those records
must be made available to any person who requests to view them during regular business hours (9 - 5.
Monday through Friday. excluding holidays) at an accessible location in Key West, Florida.
Section 13. This lease and all provisions hereof are subject and subordinate to the terms and
conditions of the instruments and documents under which the County acquired the subject property
from the United States of America and shall be given only such effect as will not conflict or be
inconsistent with the terms and conditions contained in the lease of said lands from the County, and
any existing or sub,;equent amendments thereto, and are subject to any ordinances, rules or regulations
which have been, or may hereafter be adopted by the County pertaining to the Key West Airport.
Section 14. This lease agreement is governed by the laws of the State of Florida and the United
States. ~_~!'!Q!!e for any litigation arising under this lease agreement must be in a court of competent
jU~~~1n~O[1roe County, Florida.
Oif~. ,..:e,t\O:(5'"l:hiS lease agreement will take effect on May 5,1997.
~~~'t. \ \ . , . , BOARD OF COUNTY COMMISSIONERS
'~T~~~iI!~____~L.KOLHAGE' CLERK OF MONROE COU TY, FRIDA
BY~':~~~'~ ' By
WITNESSES:
THE BOYS AND GIRLS CLUB OF THE KEYS AREA. INC.
By
13~JM2~~,r
co/conlracts l/youth 1
4
B
EXHIBIT 'A'
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DESCRIPTION
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LEGAL DESCRIPTION: .
A parcel of land on Ihe Island of Key Wesl, Monroe Counly, norida, described os follows:
Commencing at Ihe poinl of inlerseclion of Ihe curb line of Soulh Roosevelt Boulevard
wilh a line dmwn 01 righl angles 10 said curb line Ihrough Ihe orginal monument marking
Ihe Southwesl corner of Ihe former Governmenl Mililary Reservalion known as Easl
Upper Martello To we wr, which said monument lies 2.0 feel Weslerly of 0 laler monument
consisling of a one-fourth inch brass pin sel in concrele, run S 8J'42'OO' E along
aforesaid curb line for a distance of JO. 19 feel to a point; Ihence 01 0 righl angle 10
said curb line, run N 018'00. E for a dislance of 50.00 leel to the poinl of beginning 01
o parcel of land hereinafter descn'bed; Ihence conlinue N 018'00' E for a distance of 200.00
feel to a pain I; Ihence 01 righl angles, run N 8J'42'OO. W for a distance of 300.0 feel 10
a poinl; thence 01 right angles run S 01-8'00. W for 0 distance of 200.0 feel 10 a pain I;
Ihence 01 right angles and parallel 10 and Sa. feel dislance from the curb line of Soulh Roosevelt
Boulevard, run S 83'42'00. E for a dislance Qf JOO.O feel bock to the pain I of beginning.
.
LESS
A lract of Land in 0 Part of Ihe Key Wesl Inlernalion Airport Property on the Island of Key West,
Florida and being more particularly described by metes and bounds as follows:
Commencing at the Southeast Corner of Parcel 48 of the Plat of Survey, as recorded in Plat
Book 4, Page 69 of Ihe Public Records of Monroe County Florida, bear S 89'52'20. E, along
the Northerly right-or-way line of South Roosevelt Boulevard, 582.,7 feet to a Point of Curve, SOld
Curve having 0 central angle of or IS' and a radius of 2889.93 feet, thence along said Curve
m on Easterly direction and deflecting to Ihe Right, 365.68 fe.et to 0 Point of Tangency; thence
bear S 8Z'37'20. E, /87.19 feet; Ihence bear Narth 0722'40 E. 49.09 feel to the Point
of 8eginnin~ of the tract of land hereinafter described; from said Point of Beginning, continue
N OT2Z'40 E. 200 feel; thence bear S 82'37'20' E, Z06 feet; Ihence bear 5 0722'40. W
200 feet; thence bear N 8Z'37'20. W, 206 feel, bock to the Poinl of Beginning.
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EXHIBIT 'B'
"
INSURANCE
,
1996 Edition
MONROE COUNTY, FLORIDA
RISK MANAGEMENT
POLICY AND PROCEDURES
CONTRACT ADMINISTRATION
MANUAL
General Insurance Requirements
for
OrganizationslIndividuals
Leasing County-Owned
Property
Prior to the Organization or Individual taking possession of the property owned by the County,
.or commencing its concessionaire operations, the OrganizationlIndividual shall obtain, at hislher
own expense, insurance as specified in the attached schedules, which are made part of this
lease/rental agreement.
The OrganizationlIndividual will not be permitted to occupy or use the property until satisfactory
evidence of the required insurance has been furnished to the County as specified below.
The OrganizationlIndividual shall maintain the required insurance throughout the entire term of
this lease/rental agreement and any extensions specified in the attached schedules. Failure to
comply with this provision may result in the immediate termination of the lease/rental agreement
and the return of all property owned by the County.
The OrganizationlIndividual shall provide, to the County, as satisfactory evidence of the required
insurance, either:
. Certificate of Insurance
or
. A Certified copy of the actual insurance policy.
The County, at its sole option, has the right to request a certified copy of any or all insurance
policies required by this contract.
All insurance policies must specify that they are not subject to cancellation, non-renewal,
material change, or reduction in coverage unlf:lis a minimum of thirty (30) days prior notification
is given to the County by the insurer.
The acceptance and/or approval of the OrganizationlIndividual's insurance shall not be construed
as relieving the OrganizationlIndividual from any liability or obligation assumed under this
contract or imposed by law.
The Momoe County Board of County Commissioners, will be included as "Additional Insured"
on all policies. They will also be named as "Loss Payee" with respect to Fire Legal Exposure.
Any deviations from these General Insurance Requirements must be requested in writing on the
County prepared form entitled "Request for Waiver ofInsurance Requirements" and
approved by Monroe County Risk Management.
Administration Instruction
#4709.2
28
1996 Edition
GENERAL LIABILITY
INSURANCE REQUIREMENTS
FOR
CONTRACT
, '
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the commencement of work governed by this contract, the Contractor shall obtain
General Liability Insurance. Coverage shall be maintained throughout the life of the contract and
include, as a minimum:
. Premises Operations
. Products and Completed Operations
. Blanket Contractual Liability
. Personal Injury Liability
. Expanded Definition of Property Damage
The minimwn limits acceptable shall be:
$1,000,000 Combined Single Limit (CSL)
If split limits are provided, the minimum limits acceptable shall be:
$ 500,000 per Person
$ 1,000,000 per Occurrence
$ 100,000 Property Damage
An Occurrence Form policy is preferred. If coverage is provided on a Claims Made policy, its
provisions should include coverage for claims filed on or after the effective date of this contract.
In addition, the period for which claims may be reported should extend for a minimum of twelve
(12) months following the acceptance of work by the County.
The Monroe County Board of County Commissioners shall be named as Additional Insured on
all policies issued to satisfy the above requirements.
,
GL3
Administration Instruction
#4709.2
56
1996 Edition
VEHICLE LIABILITY
INSURANCE REQUIREMENTS
FOR
CONTRACT
"
BETWEEN
MONROE COUNTY, FLORIDA
AND
."
Recognizing that the work governed by this contract requires the use of vehicles, the Contractor
prior to the commencement of work, shall obtain Vehicle Liability Insurance. Coverage shall b~
maintained throughout the life of the contract and include, as a minimum, liability coverage for:
. Owned, Non-Owned, and Hired Vehicles
The minimum limits acceptable shall be:
$100,000 Combined Single Limit (CSL)
If split limits are provided, the minimum limits acceptable shall be:
$ 50,000 per Person
$100,000 per Occurrence
$ 25,000 Property Damage
The Monroe County Board of County Commissioners shall be named as Additional Insured on
all policies issued to satisfy the above requirements.
,
VLl
Administration Instruction
#4709.2
8\
1996 Edition
WORKERS' COMPENSA nON
INSURANCE REQUIREMENTS
FOR
CONTRACT
,I
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the commencement of work governed by this contract, the Contractor shall obtain
Workers' Compensation Insurance with limits sufficient to respond to_Florida Statute 440.
In addition, the Contractor shall obtain Employers' Liability Insurance with limits of not less
than:
$100,000 Bodily Injury by Accident
$500,000 Bodily Injury by Disease, policy limits
$100,000 Bodily Injury by Disease, each employee
Coverage shall be maintained throughout the entire term of the contract.
Coverage shall be provided by a company or companies authorized to transact business in the
state of Florida.
If the Contractor has been approved by the Florida's Department of Labor, as an authorized self-
insurer, the County shall recognize and honor the Contractor's status. The Contractor may be
required to submit a Letter of Authorization issued by the Department of Labor and a Certificate
ofInsurance, providing details on the Contractor's Excess Insurance Program.
If the Contractor participates in a self-insurance fund, a Certificate ofInsurance will be required.
In addition, the Contractor may be required to submit updated financial statements from the fund
upon request from the County.
,
wel
Administration Instruction
#4709.2
87
.
--.- ~---
~~c;hqRI j , CERTIFlCA TE OF INSURANCE' I ISSUE DATE (MMIODfYYI
. - 7/15/97
'RODUCER THIS CERTIFICATE IS ISSUED AS A MAHER OF INFORMATION ONLY AND CONFERS
Markel Insurance Company NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND.
P.O. Box 3870 EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POliCIES BELOW.
Glen Allen. VA 23058-3870 COMPANIES AFFORDING COVERAGE
COMPANY A MARKEL INSURANCE C( MPANY REUIVED
sua-CODE
:ODE LETTER .--
COMPANY ,
B LLL U ....0
NSUAED LETTER
3DYS & Girls Club of the Keys Area, Inc. COMPANY C
20 Arbutis Drive lETTER
(ey West. FL 33040 COMPANY D AII<POR fS
LETTER
COMPANY E
-
LETTER
COVERAGES ... ... ............... ..
THIS IS TO CERTIFY THAT THE POliCIES OF INSURANCE liSTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE
POliCY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY GONTRACT OR OTHER DOCUMENT
WITH RESPECT TO WHICH THIS CERTIFICATE MAYBE ISSUED OR MAY PERTAIN THE INSURANCE AFFORDED BY THE POliCIES DESCRIBED
':;'~~.!'I.t:'.I~..~~BJECT TO ALL THE TERMS. EXCLUSIONS AND CONDITIONS OF SUCH POliCIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY
, POLICY EFFECTIVE POUCY EXPIRATION
R TYPE OF INSURANCE POUCY NUMBER DATE IMMIDDIYY) DATE lMMIDDIYY) LIMITS
GENERAlllABllrTY GENERAL AGGREGATE . 3.000,000
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X COMMERCIAL GENERAlllABIlrTY PROOUCTS.COMP/OPS AGGREGATE . 1,000,000
"I CLAIMS MADE 0 OCCUfl. 8502CY056689-1 07-03-1997 07-03-199B PERSONAL & ADVERTISING INJURY . 1,000,000
- OWNERS & CONTRACTOR'S PROT. EACH OCCURRENCE . 1.000,000
- FIRE DAMAGE IAnv one fire) . 50.000
MEDICAL EXPENSE lAnv one person) . 5.000
~UTOMOBtLE LIABilITY COMBINED SINGlE
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ANY AUTO IK,w./ LIMIT
- APPROV D BX fMENT
- All OWNED AUTOS ~ ~ \ hi) BODILY INJURY
BY '{ "7':'\ .
SCHEDULED AUTOS (Per Parsonl
- . ~. leis<
HIRED AUTOS . \1$1,1 BODilY INJURY
- OATf lPeraccldent) .
NON-OWNED AUTOS
- /m
- GARAGE LIABILITY
W~I\fER: N/A PROPERTY DAMAGE .
EXCESS LIABILITY EACH OCCURRENCE .
~- UMBRElLA FORM AGGREGATE .
OTHER THAN UMBRELLA FORM -
WORKER'S COMPENSATION
ANO EACH ACCIDENT .
EMPlOYERS' LIABILITY DISEASE. POLICY LIMIT .
DISEASE - EACH EMPLOYEE .
OTHER
,
,
Property B502CY056689-1 07-03-1997 07-03-' 99B
':SCRIPTION OF OPERATIONSILOCATlONSNEHICLESISPECIAllTEMS
::ertificate holder is'inclJded as adlditional insured for operations conducted by the named insured,
ERTIFICA TE HOLDER .......i. "" iii----- ..
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE
Monroe County EXPIRATION DATE THEREOF. THE ISSUING COMPANY WILL ENDEAVOR TO
MAIL-.lQ. DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
1400 Kennedy Dr, THE LEFT. BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION
Key West, FL 33040, OR liABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR
REPRESENTATIVES. c:"""'oo.. I
Ii AUTHORIZEOREiliEmIT~lIV~... .. ~Cc(A
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Stephani Y , V ~AL
:ORD 25-S!7I901 ..... < ..<i ........... ..... ...~. .... IC"'J Arru:::~n rI'\DDr"\D^Ttn... ..nnn
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APPRAISAL
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I RICHARD PADRON, CCIM, MSA
II STATE-CERTIFIED GENERAL REAL EST A TE ApPRAISER
I CERTIFICATION No.: RZ 0000544
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Prepared By: I
MARIA V. WILSON I
ST A TE-CERTIFJED GENERAL REAL ESTATE APPRAISE~I
CERTIFICATION No. RZ 0002686 II
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REPORT
Summary Appraisal Report
Property Type:
Community Center - Public Use Facility
Located At:
3491 SOUTH ROOSEVEL T BOULEVARD
KEY WEST, FLORIDA 33040
Prepared For:
Ms. BEVETTE MOORE, AIRPORT OPERA TrONS
COUNTY OF MONROE, AIRPORT BUSINESS OFFICE
KEY WEST INTERNA TrONAL AIRPORT
3491 SOUTH ROOSEYEL T BOULEY ARD
KEY WEST, FL 33040
Site Visit and Valuation Date:
JANUARY 10, 2007
APPRAISAL COMPANY OF KEY WEST
3229 Flagler Avenue, Suite 101
Key West, Florida 33045
OUR FILE NO.: 458-06
EX~T
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... _...__._--_._.__._-_..__.__._-------_._-_._.__._~.__.-
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~g~MISAL co.
3229 Flagler Avenue, Suite #101
Key West. Florida 33040
Telephone: (305)296....568
Fax: (305) 296.0493
Website: fJa-keysappraisals.com
Email: jim@f1aokeysappraisals.com
January 29,2007
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Ms. Bevette Moore, Airport Operations
County of Monroe, Airport Business Office
Key West International Airport
3491 South Roosevelt Boulevard
Key West, FL 33040
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RE: Appraisal Report
Teen Center
3491 South Roosevelt Boulevard
Key West, Florida 33040
Our File No.: 458-06
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Dear Ms. Moore:
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We have performed a summary appraisal report to estimate both the "As Is" Market Value ofthe
Fee Simple Interest and the Fair Annual Market Rent on a Triple Net Basis for the subject
property, commonly known as the Teen Center located at 3491 South Roosevelt Boulevard, Key
West, Florida. The appraisers have personally examined and appraised the subject property for the
purpose of reporting to you our opinion of the value as ofJanuary 10,2007.
The assumptions and the real estate referenced above are more clearly defined in the general and
extraordinary assumptions and limiting conditions and in the property description section of this
report. The attached limited appraisal process has been prepared to comply with our understanding
of the requirements of the Uniform Standards of Professional Appraisal Practice.
The subject property is a corner, rectangular-shaped parcel with 94 linear feet of frontage along the
south side of South Roosevelt Boulevard, Highway AlA, extending northerly approximately 200
feet in depth f4)r a total of 18,800 square feet. The site which is the subject of this report is a small
portion of a larger parcel commonly known as the Key West International Airport owned by Monroe
County.
rDDI Individu41 .'demben
Your p,.,r"Nion&J Comm~l'l;:i.I.lnW'.'rrH'nl Real E..allO' Source
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Ms. Bevette: Moore, Airport Operations
County of Momoe, Airport Business Office
Key West International Airport
January 29,2007
Page No.2
The appraisers performed a site visit and personal walk through examination of the subject
improvements with some measurements taken on-site, as well as the measurements taken from the
survey provided. The appraisers relied upon the legal description and the partial survey, which was
included as Exhibit "A" attachment in the lease to the "Teen Center." The subject property contains
18,800 square feet or 0.432 acres; however, according to the Momoe County Property Card the
subject prop,erty is only a very small part of a larger 156.36 acre parcel, commonly known as the
Key West Inltemational Airport. For purposes of our evaluation within this report, we have utilized
the metes and bounds legal description and measurement taken for the survey which are included
in the addenda section of this report. Any deviations from these sizes may result in a change in
value.
The Momoe County Tax Assessors Records were utilized for verification, which indicated slightly
different measurements than the survey. Hence, we have utilized the survey, plus on-site
measurements, as the basis for our evaluation. Any deviations from the subject site's dimensions
or size would likely result in a change in value.
The "As Is" evaluation of the subject property, commonly known as the "Teen Center," 3491 South
Roosevelt Boulevard, Key West, Florida, is improved with a one-story CBS/masonry building,
which contains 4,569 square feet of gross building area, which has historically been used as a
community center. There is also an attached one-store wood frame storage building which contains
307 square feet. Hence, there is a total of 4,876 square feet of gross building area. The appraisers
utilized measurements taken from the survey, as shown on the building sketch and calculations
included in the addendum section of this report, for our analysis. According to the Momoe County
Tax assessor's records, the subject structure was built in 1968. It should be noted that the Teen
Center was being operated at the time of walk through inspection; however, our evaluation does not
take any personal property into consideration.
Market Value: is defined as the most probable price in cash (or its equivalency) for which the
appraised property will sell in a competitive market under all conditions requisite to a fair sale.
Market value assumes a normal or reasonable time for exposure on the open market.
This report contains the results of our investigation and analysis made in order to furnish an estimate
of the "As Is" Market Value of the Fee Simple Interest of the subject property described herein based
on the Highest and Best Use. The Fee Simple Interest is the unencumbered value of the subject
property; basically, market rents and terms are considered with no regard to existing leases and
terms. The reader is cautioned that a title search was not made; thus, no other encumbrances are
considered herein.
Ms. Bevette Moore, Airport Operations
County of Monroe, Airport Business Office
Key West International Airport
January 29, 2007
Page No.3
The Leased Fee Interest is an ownership interest held by the landlord, who conveys the rights of use
and occupancy to a tenant by lease. The landlord's rights include the right to receive rent and the
right of possession at the end of the lease period. As the lease on the subject property will terminate
on May 4,2007, a Leased Fee evaluation was not applicable. Furthermore, a part of our assignment
was to detenuine the Fair Annual Market Rent on a Triple Net Basis for the subject property. Thus,
we have not considered a Leased Fee evaluation, herein.
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Based on market analysis and research, it is our opinion that the "As Is" Market Value of the Fee
Simple Estate ofthe subject property, commonly known as the "Teen Center" located at 3491 South
Roosevelt Boulevard, Key West, Florida, based on the Highest and Best Use, subject to definitions,
assumptions and limiting conditions, as of January 10,2007 is:
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EIGHT HUNDRED TEN THOUSAND DOLLARS
($ 810,000)
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The "As Is" Market Value for the subject property considers no personal property.
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Based on Market Rental Analysis of rates for land and buildings with similar uses within the
subject's market area, it is our opinion that the Fair Annual Market Rent, on a Triple Net Basis,
subject to an allowance for the cost to cure the deferred maintenance, also subject to definitions,
assumptions ,md limiting conditions, as of January 10, 2007 is:
Fair Annual Market Rent:
Fair Monthly Market Rent:
Fair Annual Rent/S.F. of Site Area:
$ 56,400
$ 4,700
$ 3.00
Triple Net tenus require the landlord to be responsible for property management and reserves for
replacements, while the tenant pays real estate taxes, insurance, exteriorrnaintenance, and all utility
expenses. Upon research of recently negotiated leases, these terms appear to be more prevalent for
commercial properties within the subject's immediate area than other terms.
The Appraisers have assumed that the site does not have any environmental concerns. The
Appraisers reserve the right to amend the valuation herein upon notification of any deficiencies or
nuisances.
This is a summary appraisal report which is intended to comply with the reporting requirements set
forth under St,mdard Rule 2-4 the Uniform Standards of Professional Appraisal Practice for a
summary appraisal report. As such, it might not include full discussions of the data, reasoning, and
analyses that were used in the appraisal process to develop the appraiser's opinion of value. Such
Ms. Bevet!\: Moore, Airport Operations
County of Monroe, Airport Business Office
Key West International Airport
January 29,2007
Page No.4
discussion of the data would not change the appraisers' opinion of value. Supporting documentation
concerning the data, reasoning, and analyses is retained in the appraiser's file. The information con-
tained in this report is specific to the needs of the client and for the intended use stated in this report.
The appraisf:r is not responsible for unauthorized use of this report.
If you have !my questions regarding this appraisal report, please feel free to contact us. Thank you
for giving us the opportunity to provide this service for you.
Respectfully submitted,
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Richard Padron, CCIM, MSA
State-Certified General Real Estate Appraiser
License No. RZ 0000544
Maria V. Wilson
State-Certified General Real Estate Appraiser
License No. RZ 0002686
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Report Attached: R:\Comm-06\458-06\Comm-06_458.wpd
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200:; Edition
ALL RISK PROPERTY
INSURANCE REQUIREMENTS
FOR
LEASES/RENTALS OF
COUNTY-OWNED PROPERTY
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the: Organization/Individual taking possession of the property governed by this
lease/rentail agreement, the Organization/Individual shall obtain All Risk Property Insurance (to
include the perils of Flood and Wind) with limits no less than the Replacement Cost Value of the
property leased or rented. Coverage shall be maintained throughout the life of the Lease/Rental
Agreement and include, as a minimum, liability coverage for:
Fire
S rinkler Leaka e
Windstorm
Civil Commotion
The Monrol: County Board of County Commissioners shall be named as Additional Insured and
Loss Payee on all policies issued to satisfy the above requirements.
Administratioll Instrudion
#4701.).6
EXHIBIT
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GENERAL LIABILITY
INSURANCE REQUIREMENTS
FOR
LEASE/RENTAL OF PROPERTY
OWNED BY THE COUNTY
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the Organization/Individual taking possession of the property governed by this
lease/rental agreement, the Organization/Individual shall obtain General Liability Insurance.
Coverage shall be maintained throughout the life of the contract and include, as a minimum:
. Premises Operations
. Products and Completed Operations
. Blanket Contractual Liability
. Personal Injury Liability
. Expanded Definition of Property Damage
. Fire Legal Liability (with limits equal to the fair market value of the leased property.)
The minimum limits acceptable shall be:
$300,000 Combined Single Limit (CSL)
If split limits are provided, the minimum limits acceptable shall be:
$100,000 per Person
$300,000 per Occurrence
$ 50,000 Property Damage
An Occurrence Form policy is preferred. If coverage is provided on a Claims Made policy, its
provisions should include coverage for claims filed on or after the effective date of this contract.
In addition, the period for which claims may be reported should extend for a minimum of twelve
(12) months following the termination of the Lease/Rental Agreement.
The Monroe County Board of County Commissioners shall be named as Additional Insured on
all policies issued to satisty the above requirements.
Administration Instructioll
#4709.6
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20llS Edition
VEHICLE LIABILITY
INSURANCE REQUIREMENTS
FOR
LEASES/RENTALS OF
COUNTY-OWNED PROPERTY
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the: Organization/Individual taking possession of the property governed by this
lease/rental agreement, the Organization/Individual shall purchase Vehicle Liability
Insurance. Coverage shall be maintained throughout the life of the Lease/Rental
Agreement and include, as a minimum, liability coverage for:
. Owned, Non-Owned, and Hired Vehicles
. Physical Damage Protection (if the leased property is a County-owned
vehicle)
The minimum limits acceptable shall be:
$300,000 Combined Single Limit (CSL)
ACV for Physical Damage
If split limits are provided, the minimum limits acceptable shall be:
$ 100,000 per Person
$ 300,000 per Occurrence
$ 50,000 Property Damage
ACV for Physical Damage
The Monroe County Board of County Commissioners shall be named as Additional
Insured on all policies issued to satisfY the above requirements. In addition, if the
lease/rental agreement involves County-owned vehicles, the Monroe County Board of
County Commissioners shall be named as "Loss Payee" with respect to the physical
damage prolf:ction.
Adminisfration Insrrul.:tioll
1/4709.0
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