HomeMy WebLinkAbout2nd Addendum 12/17/2008
DANNY L. KOLHAGE
CLERK OF THE CIRCUIT COURT
DATE:
January 6, 2009
TO:
Lynda Stuart, Office Manager
Tourist Development Council
ATTN:
Maxine Pacini
Administrative Assistant
FROM:
Pamela G. Han~
Deputy Clerk U
At the December 17,2008, Board of County Commissioners meeting the Board granted
approval and authorized execution of an Addendum to Agreement between Monroe County and
C.B. Schmitt Real Estate Co., Inc. to provide office and parking space for the Monroe County
Tourist Development Council Administrative Office.
Enclosed are two duplicate originals of the above-mentioned for your handling. Should
you have any questions please feel free to contact our office.
cc: County Attorney
Finanse
File ,/
ADDENDUM TO AGREEMENT
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/1 THIS J}.DDENDUM to Lease Agreement is made and entered into this Lday of
<<.V.Ld4v~2008 by and between C.B. SCHMITT REAL ESTATE CO. Inc. (hereinafter
"Lessor"), a corporation incorporated in the State of Florida, whose address is 1201 White
Street, Suite B, Key West, Florida 33040 and MONROE COUNTY (hereinafter "Lessee"), a
political subdivision of the State of Florida, whose address is 1100 Simonton Street, Key West,
Florida 33040.
WITNESSETH
WHEREAS, there was an Agreement entered into on December 9, 1998, between the
parties, to provide office and parking space for the Monroe County Tourist Development
Council administrative offices (hereinafter "TDC"); and
WHEREAS, the original agreement allows for an option to extend the lease agreement
for two (2) additional five-year (5) terms; and
WHEREAS, there was an Addendum to Agreement entered into on November 19, 2003
to exercise one (1) of the additional five-year (5) terms; and
WHEREAS, the original agreement states that should the second five-year option be
elected, rent will be re-negotiated at fair market rent in effect at that time; and
WHEREAS, the Monroe County Tourist Development Council recommends that the
agreement be extended for a term of five (5) additional years;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the
parties agree to hereby amend the agreement entered into on December 9, 1998 and amended
on November 19, 2003 as follows:
1. The following language shall be added to Paragraph 2. Term:
The term of this Addendum to Lease Agreement is five (5) years, running from March 1,
2009 through February 29, 2014.
2. Paragraph 4 shall read: Rent:
For the use of the premises, the LESSEE must pay the LESSOR the sum of $8,705.60
per month (March 1,2009 through to February 29, 2014) due in monthly installments on
the first day of each month. The monthly payments shall be remitted to C.B. Schmitt
Real Estate Co., Inc. 1201 White Street, Suite B, Key West, FL 33040 upon receipt of a
monthly invoice. Monroe County's performance and obligation to pay under this lease
agreement is contingent upon annual appropriation by the Monroe County Board of
County Commissioners. Additionally, LESSEE shall pay to LESSOR, upon receipt of an
invoice and proof of LESSOR's payment of property taxes, 48% of the property taxes for
1201 White Street. LESSOR shall submit to LESSEE by September 1st of each year a
TDC Office Lease Agreement
Effective March 1, 2009 - February 29, 2014
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The remaining provisions of the contract dated December 9, 1998, and amended
.,:,l!.iIj(~ber 19, 2003, not inconsistent herewith shall remain in full force and effect.
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copy of the proposed annual property tax assessment, in order for the amount of
payment in the succeeding fiscal year to be established in the budget.
3.
Board of County Commissioners of
Monroe ~unty
By: ~:F-~' 'n~~
Mayor/Chairma
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(CORPORATE SEAL)
Attest:
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Third Party, 3406 North Roosevelt Blvd. Corp
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MONROE CO.." I Y ATTORNEY
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TDC Office Lease Agreement
Effective March 1, 2009 - February 29, 2014
2