HomeMy WebLinkAbout3rd Addendum 09/17/2013AMY REAVILIN, CPA
CLERK OF CIRCUIT COURT & COMPTROLLER
MONROE COUNTY, FLORIDA
DATE: October 7, 2013
TO: Lynda Stuart, Office Manager
Tourist Development Council
ATTN: Maxine Pacini
Administrative Assistant
FROM: Vitia Fernandez, D.C.
At the September 17, 2013, Board of County Commissioner's meeting the Board granted
approval and authorized execution of Item D2 Amendment to Agreement with C.B. Schmitt Real Estate
Co, Inc. to provide office and parking space for the Monroe County Tourist Development Council
administrative office for an additional five (5) years with no monthly increase to current rent, and with
an option to extend for an additional five (5) years with the rent to be re -negotiated at fair market rent in
effect at that time.
The electronic copy is attached.
cc: County Attorney
Finance
File
500 Whitehead Street Suite 101, PO Box 1980, Key West, FL 33040 Phone: 305-295-3130 Fax: 305-295-3663
3117 Overseas Highway, Marathon, FL 33050 Phone: 305-289-6027 Fax: 305-289-6025
88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852-7145 Fax: 305-852-7146
ADDENDUM TO AGREEMENT
THIS ADDENDUM to Lease Agreement is made and entered into this L79 day of
2 din , 2013 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, there was an Addendum to Agreement entered into on December 17, 2008
to exercise the second (2"d) additional five-year (5) term; and
WHEREAS, the Lessee continues to require office and parking space for the Monroe
County Tourist Development Council administrative offices (hereinafter'TDC'); and
WHEREAS, the Lessor is able to continue to provide office and parking space for the
Monroe County Tourist Development Council administrative offices (hereinafter'TDC"); and
WHEREAS, the Monroe County Tourist Development Council recommends that the
agreement be extended for a term of five (5) additional years, and seven (7) months, with an
option to extend for one (1) additional five year period with the rent to be re -negotiated at fair
market rent in effect at that time;
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 and December 17, 2008 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 and (7) months, running
from March 1, 2014 through September 30, 2019 with an option to extend for an
additional five (5) year period with the rent to be re -negotiated at fair market rent in effect
at that time.
TDC Office Lease Amendment To Agreement
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, 2014 through to September 30, 2019) 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 1" of each year a 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.
The remaining provisions of the contract dated December 9, 1998, and amended
tember 19, 2003 and December 17, 2008, not inconsistent herewith shall remain in
orce and effect.
Heavilin, Clerk Board of County Commissioners of
Mon
roeounty
Deputy 61W Mayor/Chairman
(CORPORATE SEAL)
Attest:
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TIC Office Lease Amendment To Agreement
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Lessor, C.B. Schmitt Real Estate Co., Inc.
By:
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MONROE COUNTY ATTORNEY
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ASSISTA T COUNTY ATTORNEY
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