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Commencement Date Agreement 06/18/2008DANNY L. KOLHAGE CLERK OF THE CIRCUIT COURT DATE: June 20, 2008 TO: Suzanne A. Hutton County Attorney ATTN: Kathy M. Peters Executive Assistant FROM: Pamela G. Hancpcl Deputy Clerk 6 At the June 18, 2008, Board of County Commissioner's meeting the Board granted approval and authorized execution of a Commencemebt Date Agreement between Monroe County and Islander Village, LLC., - Commencement Date: May 29, 2008 Initial Term Expiration Date: May 28, 2107. Enclosed is the original Agreement for your handling. Should you have any questions please do not: hesitate to contact this office. cc: Finance File Doc# 1700880 06/24/2008 3:20PM Doo# 1700860 Filed d Recorded in official Records of Bk# 2368 Pq# 586 MONROE COUNTY DANNY L. KOLHAGE COMMENCEMENT DATE AGREEMENT THIS AGREEMENT is made as of June (y 2008, by and between MONROE COUNTY BOARD OF COUNTY COMMISSIONERS ("Lessor") and ISLANDER VILLAGE, LLC, a Florida limited liability company ("Lessee"). WHEREAS, Lessor and Lessee have entered into a Lease dated April 18, 2007, for Premises designated on Exhibit A attached to the Lease, which was duly recorded at Book 2301, Page 365, along with a Related Agreement, that certain Agreement for Sale and Purchase recorded on June 12, 2007, recorded at Book 2301, Page 350, all of the Public Records of Monroe County, Florida; and W EREAS, the Commencement Date, as fin ther defined in Article III of the Lease, has occurred; and pursuant to the Lease, Lessor and Lessee desire to confirm various dates relating to the Lease. NOW, THEREFORE, Lessor and Lessee agree and acknowledge that the information set forth below is true and accurate. Commencement Date: May 29, 2008 Initial Term Expiration Date: May 28, 2107 The execution of this Agreement shall not constitute- an exercise by Lessee of its option with respect to any Extended Term. EXECUTED as a sealed instrument on the date first set forth above. (SEAL) ATTEST: LESSOR: MONROE COUNTY D KOL E, CLERK By. B Deputy Clerk Mayor Wit sses t Lessee: `ii; 4,4t4 MONROE COUNTY OFFICIAL RECORDS OF Charles "Sonny" McCoy LESSEE: ISLANDERR VILLAGE, LLC B Edwin O. Swift, Manager MONROE COUNTY ATTORNEY APPROV D AS TO FORM: SUSAN M. Q SLEY ASANT COUNTY ATTORNEY Date