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1st Extension 10/20/2010DANNY L. KOLHA GE CLERK OF THE CIRCUIT COURT DATE: November 12, 2010 TO: Dent Pierce, Director Public Works Division ATTN: Beth Leto, Assistant Director,�%l Public Works Division 40 FROM: Isabel C. DeSantis, D.C. ' At the October 20, 2010, Board of County Commissioner's meeting, the Board granted approval and authorized execution of the following: Item C25 Lease Extension Agreement with 1000 Atlantic Boulevard, LLC for the Higgs Beach Restaurant (Salute) Concession. Enclosed is a copy for your handling. Should you have any questions please do not hesitate to contact this office. cc: County Attorney Finance File LEASE EXTENSION AGREEMENT HIGGS BEACH CONCESSION/RESTAURANT THIS LEASE EXTENSION AGREEMENT is made by and between Monroe County, a political subdivision of the State of Florida, whose address is 1100 Simonton Street, Key West, FL 33040, hereafter "County" or "Lessor", and 1000 Atlantic Boulevard, LLC, whose address is 729 Thomas Street, Key West, Fl., 330040 hereafter, "Tenant" or "Lessee" this 20th day of October, 2010. WHEREAS, on the 21 st day of May 2008, the County and the predecessor in interest entered into a Lease agreement (hereafter original lease) for one (5) year term, copy of which is attached hereto and made a part hereof, and WHEREAS, the predecessor in interest, Key West Hospitality, LLC assigned all of its rights, title and interest in the Original Agreement to the Lessee, 1000 Atlantic Boulevard, LLC pursuant to a contract for sale/purchase of the restaurant, copy of which is attached hereto and made a part hereof, and WHEREAS, by the terms of the original lease the Lessee is entitled to an extension of the lease upon completion of ADA modifications and other capital improvements; and WHEREAS, the Lessee has completed all of the ADA modifications required in the original lease; and WHEREAS, the Lessee has also effected the additional capital improvements separate and apart from the ADA modifications that entitle the Lessee to an extension; and WHEREAS, Lessee submitted to County staff and County staff reviewed, verified and inspected all of the additional capital improvements; NOW THEREFORE, IN CONSIDERATION of the mutual promises and covenants set forth below, the parties agree as follows: 1. The term of the original lease is hereby extended 10 years and terminates on August 11, 2023. 2. In all other respects the terms and conditions of the original lease remain in full force and effect. 3. This lease extension will take effect on October 20, 2010. 1 IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year first 4.bo a written. LHAGE, CLERK Lik Deputy Clerk Witnesses This doc ent wasp epa ed and a Assistant G6unty Attorney Florida Bar No.: 0084050 P.O. Box 1026 Key West, FL 33041-1026 (305) 292-3470 BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By Mayor/Chairperson 1000 ATLANTIC BOULEVARD, LLC By Z& Title: Managin�jPartn r /'PJ►�Ph 7ovedas to form by: l y�� Date y....._-70 .. CD N 0 2