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02/08/1985LEASE AGREEMENT THIS INDENTURE, made and entered into this &-f` day of A.D. 1986, by and between the County of Monroe, State of Florida, a political subdivision of the State of Florida, hereinafter called the Lessor, party of the first part, and ROBERT T FELDMAN, of Monroe County, State of Florida, whose address is 417 Eaton Street, Key West, Florida, hereinafter called the Lessee, party of the second part, GT T T AT r Q Q r T U. That the Lessor of these presents leases unto said Lessee a parcel of land at the Key West International Airport, Key West, Monroe County, Florida, measuring 40 feet in width and 30 feet in depth, as shown on Exhibit A (property map) which is attached hereto and made a part hereof. TO HAVE AND TO HOLD the above -described leased premise unto the Lessee for a term of five (5) years from the date hereof. The Lessee hereby covenants and agrees to pay the Lessor rent in the sum of Four Hundred Dollars ($400.00) per year, plus applicable sales tax, for the use of said premises during the term of this lease, said rent to be payable in advance on the first day of each year during said term. The Lessor hereby covenants and agrees with the Lessee as follows: 1. The Lessee shall have the right to erect a portable aircraft hanger on the leased premises. 2. The Lessee shall have reasonable ingress, egress and access privileges to the leased premises. 3. The Lessee, on keeping the covenants and agreements by him herein contained, shall have quiet and peaceful enjoyment of the demised premises without any interruptions by the Lessor, or by any person or persons claiming by, through or under it. The Lessee hereby covenants and agrees with the Lessor as follows: A. To pay the Lessor the rent at the times and in the manner provided for by this lease. w B. That no construction mortgage or lien of any nature will be placed upon the hangar located on the leased premises. C. That the said hangar shall be used only for the purpose of housing airplanes and providing for the care, repair and maintenance of such privately owned airplanes. D. To pay all utilities, including gas, electricity, water and garbage disposal charges, if any, as well as all installation charges that may be required for any such utilities. E. To make no improper or unlawful or offensive use of said premises, and to permit the Lessor or its agents to inspect the leased premises at all reasonable times for the purpose of view- ing the condition thereof. F. The Lessee agrees to hold the Lessor harmless from any liability by reason of his use of said hangar, including any liability arising out of any accident incurred or caused by his equipment, employees, invitees, guests, personnel and/or facilities, and will maintain public liability insurance in a reasonable amount sufficient to protect the Lessor, but not less than $100,000/$300,000. It is mutually covenanted and agreed by and between the Lessor and Lessee as follows: 1. That at the expiration of the term of this lease, the Lessee will quietly and peaceably deliver up possession of the leased premises, remove the aircraft hangar located thereon; however, in the event the Key West International Airport should be permanently closed, and the lands therein cease to be used as an airport during the term of this lease, the Lessee shall retain title to and shall have the right to remove the hangar located on the leased premises. 2. This lease shall be binding upon the parties hereto, their successors, executors, administrators and assigns. 3. This lease shall be automatically cancelled, and the title to the improvements on the leased premises shall revert to the Lessor, should the Lessee fail to occupy or evidence that the premises are not abandoned for a continuous period of any six (6) 2 months during the term of this lease, notwithstanding anything contained in paragraph 1 herein. 4. Lessee shall, upon thirty (30) days written notice from Lessor, move said shelter from said leased premises if the land is required to accommodate future airport development or for any other reason as determined by the FAA and Lessor. 5. Rental rates under this lease shall be subject to review and adjustment every three (3) years. 6. At the expiration of this lease, Lessee shall have the option to renew this lease for an additional five (5) year period under the same terms and conditions, if agreeable to Lessor. IN WITNESS WHEREOF, the party of the first part has caused these presents to be executed in its name, and the party of the second part has signed these presents, in duplicate, all as of the day and year first above written. (SEAL) Attest: DANNY L. KOLHAGE, Clerk qj O 4.r,r Signed, Sealed and Delivered in our Presence: ei- s to Lessee Al to Lessee COUNTY OF MONROE, STATE OF FLORIDA By Chairman ot the Board o County Commissioners of Monroe County, Florida E EL 3