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11/11/1998 Agreement . . . . LEASE AGREEMENT TIllS LEASE AGREEMENT, made and entered into this 1/ f!- day of AI. ,,~-.. ,1998, between HAWK'S CAY INVESTORS, L ro., a Florida limited partnership, Mile Marker 61, Duck Key, Marathon, FL 33050 ("Lessor"), and DUCK KEY PROPERTY OWNERS ASSOCIATION, INC., a Florida non-profit corporation, of P.O, Box 52606, Marathon Shores, FL 33052-2606 ("Lessee"), regarding the premises described as follows: Legal Description: See Exhibit "A" attached hereto, which, inclusive of any interest which Lessor has in the Right of Way shown on the attached survey, consists of an area of approximately 80 feet x 125 feet. Street Address: NW Comer of Duck Key Drive and Greenbriar Road (the "Premises"), In consideration of the mutual conditions and covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Lessor hereby leases the premises to Lessee, for a term commencing upon the issuance of certificates of occupancy for improvements to the land adjacent to the premises, and terminating twenty (20) years thereafter. The terms and conditions of the Lease set forth herein, shall be as follows: 1. Upon execution of the Lease, and, in any event, prior to Lessee occupying the premises, Lessee agrees to pay to Lessor, or Lessor's agent, the total sum of $1. 00, the aforementioned total sum representing the following payments: The total rental payment for the term of the Lease shaJJ be $1.00 per year, due and payable aDDually by check or cashiers check on the anniversary date of each year succeeding the date of commencement of the lease term, and on the same date annually thereafter, until the last year of the lease term. Lessee may prepay the total rent at the commencement of the Lease term. 2. Occupancy. The premises shall be occupied only by the Lessee for the purpose of operating a public safety and security center (the "Center") for the benefit of the "residential islands". The Center can be a maximum of 120 square feet. The premises can only be used for security purposes related to the residential islands and to advise visitors of safety precautions and provide directions related to the residential islands (not including Indies Island). 3. ConstrueOon. Lessee shall, at its sole cost and expense, construct the Center, and all related landscaping and other appurtenances. The design, color and other attributes of the appearance of the Center shall not conflict with the appearance of the nearby Village at Hawk's Cay or Hawk's Cay Resort. Lessor shaH have the right to approve the design of the Center prior to commencement of construction, including the landscaping plan, such approval not to be unreasonably denied. Lessee shall ensure that Lessor's interest in the Premises is not subjected to any lien or claim arising from or connected with Lessee's construction of the Center and, if any such lien or claim is recorded in the Public Records, Lessee shall cause same to be discharged or transferred to bond immediately Lease Agreement - Hawk's Cay/DKPOA upon receipt of notice thereof. Any improvements shall become the sole property of Lessor at the termination of this Lease, 4. Assignment or Subletting. This Lease Agreement is not assignable by Lessee, nor shall Lessee sublet any part of the Premises, without the prior written consent of the Lessor which shall not be unreasonably withheld; provided, however, that Lessee may assign or sublet the premises to the Duck Key Security District or any successor or replacement entity, 5, Prohibited Uses. Lessee shall not: destroy, deface, damage or remove any part of the premises or property therein belonging to Lessor, or permit any person to do so or commit waste on the premises, or maintain or permit to be maintained a nuisance thereon. The Lessee cannot use the premises for any commercial purpose including without limitation real estate sales, rental or property management operations or information. The property cannot be used for anything relating to Indies Island. The property can only be used for the specific purposes stated in Section 2 above. 6. Conditions. Lessee shall be responsible for all conditions created or caused by the negligent or wrongful act or omission of Lessee. Lessee at all times during the tenancy shall: (a) keep the premises clean and sanitary; (b) maintain the Center in good condition and repair; ({;) maintain the landscaping consistent with the landscaping plan; and (d) conduct itself and require persons on the premises with Lessee's consent to conduct themselves in a manner that does not unreasonably disturb Lessee's neighbors or constitute a breach of the peace. 7. Default, If Lessee fails to keep any of the Lessee's agreements mentioned in this Lease Agreement, or if the premises are damaged because of negligence or misuse by Lessee, or other person on the premises with Lessee's consent, then, in anyone or more of such events, if Lessee has not taken appropriate steps to cure such problem within thirty (30) days after receipt of written notice from Lessor, then this Lease shall automatically terminate and be null and void without the need for court action, and Lessee shall vacate the premises immediately. Should Lessee fail to vacate the Premises, the Lessee shall pay Lessor default rent at the rate of $100 per day until such time as Lessee vacates the Premises. 8, Fees, Expenses, and Late Charges. If Lessee shall default in the performance of any provision of this Lease on Lessee's part to be performed, or if Lessor is required to take any action to enforce the Lease Agreement, or to defend the validity of or interpret the Lease Agreement, then the Lessor shall be entitled to recover all costs and expenses incurred thereby, including court costs and reasonable attorney's fees, 9. End of Term. At the end of the term, Lessee shall vacate and surrender the premises to Lessor. to, Lessor's Right of Entry and Inspection. Lessor and/or Lessor's agent shall have the right to enter the premises upon reasonable notice thereof to inspect the premises, Lease Agreement - Hawk's CaylDKPOA 11, Indemnification; Insurance. It is understood and agreed that the Lessee will indemnify and hold the Lessor hannless in the event of any damage, injury or loss of life in connection with the Lessee's occupation and use of said premises and all facilities offered for Lessee's enjoyment of the premises. All personal property placed or moved in the premises shall be at the risk of the Lessee, as Lessor shall not be liable for any damage to said personal property or to the Lessee. Lessee shall maintain public liability insurance in an amount of not less than $1,000,000.00 under which Lessor shall be an additional insured with the right to receive notice of any change or cancellation of the policy(ies) of such insurance. Certificates evidencing such coverage shall be furnished annually to Lessor, 12. Notice. It is understood and agreed between the parties that written notice mailed or delivered to the address shown herein shall constitute sufficient notice to the applicable party. A facsimile copy of this Lease and any signatures thereon shall be deemed originals for, all purposes. 13. Waiver. The failure of the Lessee to take any action against Lessee for violation of any of the terms of the Lease Agreement shall not be a waiver of the act or subsequent act of the Lessee of a similar nature from being in violation of the Lease Agreement. 14. Time. Time shall be of the essence of this agreement. 15, Radon Gas. Pursuant to Section 404.056 Florida Statutes, the following Notice is given: "Radon is a naturally occuning radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county health unit." 16. Survival of Conditions. In the event any of the terms and conditions of this Lease Agreement shall be determined to be unlawful Wider the laws of the State of Florida, such terms and conditions shall be deemed stricken from the Lease Agreement and the remaining provisions of the Lease Agreement shall remain in full force and effect. 17. Governing Law. lIDs agreement shall be construed under and governed by the laws of the State of Florida and venue shall be the County Court or the Circuit Court, for Monroe County, 18, Special Provisions. Lessee will be responsible, at Lessee's expense, for arranging all electrical, phone, water, and sewer service to the Center. Lessor will not object to "hook-up" by Lessee into the existing water and sewer lines. 19. Option to Renew. Upon the expiration of this Lease, and provided Lessee is not in default of the terms hereof, Lessor grants Lessee an option to renew the Lease for an additional twenty (20) year period, upon the same terms and conditions contained herein. This option to renew shall be exercised by Lessee giving written notice thereof to Lessor at least sixty (60) days, but no more than one hundred eighty (180) days, prior to the expiration of the initial term of this Lease. Lease Agreement - Hawk's Cay/DKPOA IN WIlNESS WHEREOF, the parties have signed this Lease Agreement on the day and year first written above, Witness (required iflease is more than one year): LESSOR HAWK'S CAY INVESTORS, LTD. a Florida Limited Partnership ~l>;7?I A- H;ne;;vTeL Print Name By: Hawk's Cay Management, Inc. a Florida Corporation, General Partner !'>eti:J (Yl ~ ++ i Q.{5 Print N By: t0~~.....: Donald J-t"'1()hnson, resident LESSEE ~L~~ .E \ \~V'\. ~. ~C'w\"e.S Print Name DUCK KEY PROPERTY OWNERS ASSOCIATION, INC" a Florida non-profit corporation Ji0~ );;e-J) Print ame t14to.l/-J!I /!l / AJ ~ ~difr Lease Agreement - Hawk's Cay/DKPOA I.E!>61, DF.'CRIPTION OE'~ :fl~ ~",;,,~ ~<O ~~ A PARCEL OF LAND, BEING A PART OF BLOCK 10, "INDIES ISLAND, DUCK KEY . SECTION 1 . PART I", AS RECORDED IN PLAT BOOK 5, PAGE 82, IN SECTION 21, TOWNSIllP 65 SOUTH, RANGE 34 EAST, OF THE MONROE COUNTY, FLORIDA, PUBLIC RECORDS AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AB FOLLOWS: COMMENCING AT A POINT ON THE CENTERLINE INTERSECTION OF GREENBRIAR ROAD AND DUCK KEY DRIVE OF SAID PLAT, BEAR NORTII 31 DEGREES 55 MINUTES 46 SECONDS WEST, FOR A DISTANCE OF 56.36 FEET, TO A POINT OF COMPOUND CURVE ON THE NORTHEABTERLY RIGHT-OF-WAY LINE OF SAID GREENBRIAR ROAD, SAID POINT BEING THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREINAFTER DESCRIBED; THENCE BEAR ALONG SAID NORTHEASTERLY RIGHT-OF-WAY LINE, ON A CURVE HAVING A RADIUS OF 625.00 FEET AND A DELTA ANGLE OF 03 DEGREES 08 MINUTES 41 SECONDS, FOR AN ARC LENGTII OF 34.30 FEET, SAID ARC HAVING A CHORD WHICH BEARS NORTH 62 DEGREES 04 MINUTES 11 SECONDS WEST, A DISTANCE OF 34,30 FEET; THENCE BEAR NORTII 27 DEGREES 53 MINUTBS 24 SECONDS EAST, FOR A DISTANCE OF 113.18 FEET; THENCE BEAR SOUTH 63 DEGREES 12 MINUTES 12 SECONDS EAST, FOR A DISTANCE OF 61.85 FEET, TO A POINT ON THE NORTIIWESTERLY RIGHT-OF-WAY LINE OF SAID DUCK KEY DRIVE; THENCE BEAR ALONG SAID NORTIIWESTERLY RIGHT-OF-WAY LINE, ON A CURVE HAVING A RADIUS OF 1041.18 FEET AND A DELTA ANGLE OF 05 DEGREES 00 MINUTES 39 SECONDS, FOR AN ARC LENGTH OF 91.06 FEET, SAID ARC HAVING A CHORD WHICH BEARS SOUTH 29 DEGREES 04 MINUTES 42 SECONDS WEST, A DISTANCE OF 91.03 FEET, TO A POINT OF COMPOUND CURVE; THENCE CONTINUE BEARING ALONG SAID NORTHWESTERLY RIGHT-OF-WAY LINE, ON A CURVE HAVING A RADIUS OF 25,00 FEET AND A DELTA ANGLE OF 87 DEGREES 5S MINUTES 08 SECONDS, FOR AN ARC LENGTII OF 38.36 FEET, SAID ARC HAVING A CHORD WInCH BEARS SOUTH 75 DEGREES 32 MINUTES 35 SECONDS WEST, A DISTANCE OF 34,71 FEET, BACK TO THE POINT OF BEGINNING, CONTAINING AN AREA OF 6,828.872 SQUARE FOOT, MORE OR LESS. PREPARED 04/16/98 ACCORDING TO THE ATTACHED SKETCH OF LEGAL DESCRIPTION, DATED 04/16/98, BY JOHN PAUL GRIMES, III, REGISTERED FLORIDA SURVEYOR AND MAPPER NO, 4906, AND BY THIS REFERENCE MADE A PART HEREOF. ~-~ii!m 4!) BY: OHNPAUL S, III REGISTERED FLORIDA SURVEYOR AND MAPPER NO. 4906 # 1-4 6th STREET P,O. BOX 510403 KEY COLONY BEACH, FLORIDA, 33051-0403 PH. (305) 743-4510 FAX (305) 743-3277 PAGE 1 OF 2. PREPARED FOR: HAWK'S CAY INVESTORS, LTD. P,N.980408WL.WPS [)Jf~ ~~r~~ ~ . \ SKETCH OF LEGAL DESCRIPTION THIS IS NOT A SURVEY , , :' / ,/ / ,,// ,I' ,'/ / """',/ 'i8...... <~'1f.. ,/ .,s.,...~z.. j ,/ ..... " / " ,/ ' , / / / // A=3B.36' ,/ /:-""" ,/ R.2~,ee' ~ ' ~-8755'08~ " I <::) " B.S?~'J2'J~"W / \.:: ' Iy C-J',?1', , " /j,y 1-2<"" ~,~,. ' ", II'-{,-"S,/ .f!1....:::..v,/ ..., e/ ,~. " q"lf:'~"", " .............. ~: r IP/P~ ,/ ~'?I ~ ,/ , ............., ~l.. ~",. ;' 1;:, / c-?~;;;__::_>: ,,----____ \ /' ff,/ R/", 'I'/..t-? -;-------::" ----)~i>~..----/// /.& ;/ 04/) ....., ............. '&-~ .j'~;;S / rso';...., ?&~\ / i rIP/P&A1 ...J \ . \, \ / '-. '%-' \,': ,/ "'" PART OF BLOCK 14 "- .I / '" ,,/,,~';'~,~,"/' / LEGAL DESCRIPTION PREPARED AT THE REQUBST or CUENT: A PARCEL or lANe. BEiNC A PART or BLOCK 10. "INOIES ISUNO. OUCK KEY - SECTION 1 - PART ,". AS RECOROEO IN PlAT BOOK 5. PAGE B2. IN SECTION 21. l'OWNSHP 65 SOUTH. RANCE J. rAST. or THE "ONROE COUNTY, rLORIDA. PUBLIC RfCOROS ANO BEING "ORE PARTICULARLY OESCRIBEO BV uETES ANa BOUNOS AS FOLLOWS, (SEE ATTACH[O) I I I I 1 / / 1 / / 1 1 REMAINDER / BLOCK 10 / 1 1 1 / ~ 1 I ...../..... I "'-I ) I 91 ~I / -;::1 ~4)/ / ,;ftl !:;~I l<o/<J/ , I ~I / f ~ ,PART OF BLOCK 15 , , , , , , , , LOT 9 BLOCK 7 -"......... ". TWO STORY C,W.U.S, APARTWENT BUILDING LOT 1 BLOCK 7 ~ w ~ (]\ ~ SCALE I" = 30' ~ ~ '" S So """"'__,~~~~:c s. , _ _ '",~ "ISIS '~9(,()<..q ">6" 0) "(.0 , '<(k1 .'-.., ''-.., , '" 1 r~'P:I / I I 1 1 / ThiS ce'@os that this SK ETCH OF LEGAL DESCRIPTION was mode under my IUpervilion and the .urvlY meet. the -Minimum Technicol Stondan:l.- ..t forth by the Florida Boord 01 !,~f..slqnol_ ~ond Surveyors in Chapter 61G'7-6, Florida Administrative Cod.. pUrluant to S.ction ~~~O~i<~~d~,;~~~~e~:"-9ill~~,L___, SKBTCH OF LEGAL DISCIlIPTION CERTIFIED TO; HAWK'S CAY INVESTORS. LTD. BLOCK 6 PART OF / LEGEND ABBREVIATIONS .' ,.~ e !R~g/W~ : :~~T-Or-WAY M ir~URED --- _ CALCULA TEO . OEEO/OESCRIPTlON P,O.C, _ POINT or COMMENCEMENT P.O,B, _ POINT or BEGINNING P,C, _ POINT OF CURVE P,l, . POINT or INTERSECTION P ,T. = POINT or TANGENT PETSCHE AND ""sac.."S ~P : ~~~;~L1NE _ ALSO KNOWN AS P,C,C. _ POINT or CO..POUND CURVE . CONCRETE MASONRY UNIT STRUCTURE _ AERIAL POWER, TELEPHONE, AND/OR CABLE LINES _ APPROXIIoIATE MEAN HIGH WATER UNE ACCORDING TO ARMY CORP OF ENGINEERS ESTIMATE EL. _ ELEVATIONS (SHOWN THUS X 5,00') ARE RELATI\IE TO 1929 NATIONAL GEODETIC VERTICAL DATUM, "ONUMENT 1_.lL:-.2JL_ ELEVATION__ii.9.ll:..____ 100 Yeor Coastol Flood Zcnl_A.._. Bose Flood (levctio"__lL~_. FIRM NO.12512il., PNlEL ND.__W~___ _!:L REV, 03/03/97 NOTE, UNDERGROUND ENCROACHMENTS Ir A~ ARE NOT lOCATED. ALL NlGLES ARE 90' UNLESS OTHERWISE NOTED, - FOUND CONTROL POINT 40d NAlL/PK/NUT .',OUND 3/.-PIPE' /SIZE/CAP TYPE - FOUND 5/B" REBAR /SIZE/CAP TYPE .' e"\" ~ Q,.... _...c R_RAl)tUS a-onTA a-CHORD BEAAINC C-CHORD T_U.HCENl P. A _ AK,A. C,M,U.S. -P-T-C- A.M,H,W.L Q lirr~o.l{8t ~1hc 4906 P,N. 1IlO408 JG PAGE 2 OF 2