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Item H4BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: May 15, 2013 Division: Growth Management Bulk Item: Yes x No _ Department: Planning Staff Contact Person/Phone #Susan Grimsley Ex.2500 AGENDA ITEM WORDING: Approval of Third Amendment to Occupancy Agreement and Ground Lease between Monroe County and Habitat for Humanity of the Upper Keys, Inc. to allow Lessee to plat the leased property for the construction of seven single family homes and act as agent for Monroe County, Lessor and Owner. ITEM BACKGROUND: Habitat for Humanity of the Upper Keys, Inc. is building seven single family homes on property located at 104 First St., Key Largo, leased from Monroe County for 99 years. The Executive Director has requested that Habitat be allowed to convey/assign the leasehold interest by lot with each sublessee/buyer having sole interest in the property, which is the Habitat model for single family home ownership. There are no common areas proposed. Habitat has submitted an application for platting, but needs permission from Monroe County as the owner, to proceed with the application. PREVIOUS RELEVANT BOCC ACTION: May 20, 2009 BOCC approved lease with Humanity for Humanity of the Upper Keys, Inc. to build 14 affordable housing units on property at 104 First St. April 21, 2010 BOCC approved First Amendment to change the term to 100 years. March 21,2012, BOCC approved Second Amendment to Lease changing the project from 14 attached units to 7 detached units. CONTRACT/AGREEMENT CHANGES: This amendment allows Habitat for Humanity of the Upper Keys to apply for a re -plat of the leased property. STAFF RECOMMENDATIONS: Approval. TOTAL COST: N/A INDIRECT COST: DIFFERENTIAL OF LOCAL PREFERENCE: BUDGETED: Yes No N/A COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes No No AMOUNT PER MONTH APPROVED BY: County Atty X OMB/Purchasing Risk Management DOCUMENTATION: DISPOSITION: Included Not Required AGENDA ITEM # Year Revised 7/09 Habitat for Humanity of the Upper Keys, Inc. Building houses in partnership with God's people in need April 21, 2013 Dear Board of County Commissioners; The Board of Habitat for Humanity of the Upper Keys would like to ask the BOCC to consider our request to plat the Mandalay property at 104 First Avenue, MM 97 in Key Largo. The primary reason we petitioned the county last year to allow Habitat for Humanity reduce the amount of homes from 14 multi -family units to 7 single family homes is based on our core value of individual home ownership for the low -middle income working class. Financially our small affiliate can generate enough funds to build 7 units over a 5 year period. Trying to raise enough money to build 14 was beyond the reality and scope of our capacity. More than anything else, our affiliate functions best when we are building single family homes. With donated land and purchasing materials and labor often times at cost, we can provide the dream of home ownership at the most affordable price. Our experience with the 5 unit Holzman Complex at MM 99 which was completed in the fall of 2010 has taught us that single family home ownership in Fee Simple is the most affordable way to go. A homeowners or condo association with monthly fee's increases the cost of living and puts a financial burden on the home owners that is not necessary when you have individual home ownership without an association to deal with. There also needs to be a governing body with an association that is not necessary with individual home ownership. Of course everyone is expected to live in harmony and follow the rules, but a homeowners association sometimes causes internal conflict that must be regulated by a governing body, which in turn usually means a management company must oversee the operation, thus increasing the monthly cost of home ownership. Our intent all along has been to build the 7 two and three bedroom homes and sell them individually to each new Habitat family that is fortunate enough to qualify. We respectfully request the BOCC allow us to plat this project so we can best serve our community and the Habitat families that may experience the American dream of home ownership. YRe ack Nied alski Executive Director, HFHUK (305)-453-0050 P.O. Box 2151, Key Largo, FL 33037 * director(uhabitatupperkeys.org OocN 1789845 09/18/2020 9:45AN Filed 8 Recorded in Official Records of MONROE COUNTY DANNY L. KOLHAGE PREPARED BY AND RETURN TO: DocN 1789845 SUSAN GRIMSLEY MR 2466 PgN 226 MONROE COUNTY 2798 OVERSEAS HIGHWAY MARATHON, FL. 33052 FIRST AMENDMENT TO OCCUPANCY AGREEMENT AND GROUND LEASE THIS FIRST AMENDMENT TO OCCUPANCY AGREEMENT AND GROUND LEASE (First Amendment), dated this 21AC day of 2010, is made by and between Monroe County, a political subdivision of the Stike of Florida (Lessor) and Habitat for Humanity of the Upper Keys, Inc., a Florida non-profit corporation (Lessee). WITNESSETH: WHEREAS, Lessor and Lessee entered into that certain 99-year Lease (Lease) dated May 20, 2009, for the property legally described on Exhibit A attached having RE# 00554720-000000 and RE#00554720-000100, known as 104 First Street, Key Largo, Monroe County for the development of Fourteen (14) affordable housing dwelling units, said Lease being recorded in Monroe County Public Records at Official Records Book 2414 at Page 490; and WHEREAS, in drafting the Lease an Annual Base Rent in the amount of Ten Dollars ($10.00) was included in the Lease as said language was considered usual and customary for consideration in a deed or lease; and WHEREAS, Lessor and Lessee desire to amend the Lease to provide that there shall be no rent payable under the Lease, the intent being that the Lease will comply with Florida Statute 196.199(2)(b); and WHEREAS, Lessor and Lessee desire to amend the Lease to also provide that the initial term shall be one hundred (100) years in order to be taxable as provided under Florida Statute 196.199(7) ; NOW, THEREFORE, in consideration of the mutual covenants and obligations contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned parties agree as follows: 1. The recitals contained herein are true and correct and incorporated herein by reference. 2. The Lease is presently valid and in full force and effect. 3. In Article I Definitions, the definition of the word "Term" shall be amended as follows: "Term" means the Commencement Date and continuing for One Hundred (100) years thereafter, plus any agreed upon extension of this Lease, and unless otherwise permitted by Lessor, all Subleases and rights or interests granted thereunder shall terminate at the end of the Term. 4. In Article I Definitions, the definition of the term "Affordable Housing Unit' shall be amended as follows: Page 1 of 3 Ooep 1739845 Skp 2466 Pep 227 "Affordable Housing Unit" shall mean a residential housing unit that meets the moderate or lesser income requirements set forth in applicable sections of the Monroe County Land Development Regulations, as may be amended from time to time without limitation of Lessor's complete legislative prerogatives, said restrictions to encumber the Property for the term of the One Hundred (100) year lease. The singular includes the plural and the plural includes the singular when referenced herein. 5. Section 3.01 Term shall be amended as follows: Term: To have and to hold the Demised Premises for a term of One Hundred (100) years commencing on the Commencement Date and ending One Hundred (100) years thereafter, both m dates inclusive, unless sooner terminated or extended as hereinafter provided (the Termination Date). Lessee shall be given possession on the Effective Date and the terms and conditions set forth herein shall be binding on the parties as of the Effective Date. Lessee shall have the right to occupy the Demised Premises as of the Effective Date in order to allow Lessee to commence construction as well as other activities related to the development and construction of the Project. As herein set forth, the Term will not commence until an Affordable Housing Unit is completed and a Certificate of Occupancy has been issued for that Affordable Housing Unit, said date to be evidenced by the Commencement Date Agreement that the parties will, upon completion of construction of the first Affordable Housing Unit, execute in substantially the same form as that set forth in Exhibit C hereto, reflecting a term of One Hundred (100) years. 6. In Article 1, Definitions, the definition of "Rent" is hereby deleted and notwithstanding anything contained in the Lease to the contrary there shall be no annual base rent due. However, obligations for any other payment considered as additional rent and any other financial obligations provided for in the Lease shall remain in full force and effect. 7. Section 4.01 of the Lease is hereby deleted to provide that there shall be no base rental payments due pursuant to this Lease so that the leasehold shall be taxed as real property with an ownership interest in Lessee or sub -lessees. 8. All other terms of the Lease referring to a ninety - nine (99) year lease shall reflect the change to One Hundred (100) Years if not specifically referenced in this First Amendment. 9. Exhibit D of the Lease shall be amended as attached as Exhibit B to reference the One Hundred (100) year term. 10. The effective date of the terms of this First Amendment shall be May 20, 2009, to reflect the original intent of the parties; therefore application is retroactive. 11. Except as expressly modified by the First Amendment, all terms and conditions of the Lease remain in full force and effect, binding upon the parties. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGE TO FOLLOW Page 2 of 3 Docll 1769845 BkN 2466 Pop 228 IN WITNESS WHEREOF, the undersigned exeSuted this First Amendment to Occupancy Agreement and Ground Lease this ZIAt day of 2010. LESSOR: MONROE COUNTY BOARD OF rnT MTV rnMMic4IPNF.I2c i Y L. KOLHAGE, CLERK Sylvia J STATE OF FLORIDA COUNTY OF MONROE Be it known, that on the /°�* day of 2010, before me, a Notary Public in and for the State of Florida, County of Monroe, Ay commissioned and sworn, personally came and appeared Sylvia J. Murphy, as Mayor of Monroe County, to me personally known. In testimony whereof, I have hereunto subscribed my name and affixed my seal of office the day and year last above written. PAIAE•lA 4 NANCOCIC MY COMMISSION N DD 73N412 C71 (SW) V EXPIRES: FebIliVY 7, 2012 Ik ' NOTARY PUBLIC E, sQr*d'nw Nowt' Fdit = r LESSEE: HABITAT FOR HUMANITY OF THE UPPER KEYS, INC. Witness: Print Namest !SV�-ftN (2) Cy�c,l.c�2 r c 4h Print Name ( e STATE OF FLORIDA COUNTY OF MONROE esident Daniel MgAft Print Name Ex ve r Print Name Jack Neidbalski Be it known, that on the It S day of� , 2010, before me, a Notary Public in and for the State of Florida, of Monroe, duly commissioned and sworn, personally came and appeared N • Ici to me personally known or who provided 1-' L . as identification. In testimony whereof; I have hereunto subscribed my name and affixed my seal of office the day and year last above written. (Seal) KENIE RODRIGUEZ =•;Sh;": MY COMMISSION # D13859117 EXPIRES February 08, 2013 4W)398-0759 FbWallotarySemm.com Page 3 of 3 Doc# 1789845 Bk# 2466 Pg# 229 Exhibit A A part of the Northeasterly 125 feet of Block 3, Mandalay, according to the Plat thereof, as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida being more particularly described as follows: Beginning at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run Northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southeasterly direction along the arc, of a curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.28 feet; thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 62.50 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds and Southeasterly along the Northeasterly line of said Block 3 for a distance of 46.88 feet to a point of curvature; thence in a Southwesterly direction along the arc of a curve concave to the West, having a radius of 25.00 feet and a delta angle of 89 degrees 59 minutes and 30 seconds for a distance of 39.27 feet; thence run in a Southwesterly direction along the Southeasterly line of said Block 3 for a distance of 100.00 feet; thence run with a deflection to the right of 90 degrees 00 minutes 30 seconds from the last described course for a distance of 250.02 feet back to the Point of Beginning, containing 24,990.66 square feet, more or less. AND ALSO: A part of the Northeasterly 125 feet of Block 3, Mandalay, according to the plat thereof as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida, being more particularly described as follows: Commencing at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southwesterly direction along the arc of a Doe# 1789845 Bk# 2488 P9# 230 curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.28 feet, thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet to the point of beginning of the parcel hereinafter described, thence run a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet, thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds and Northwesterly along the Northeasterly line of said Block 3 for a distance of 28.00 feet back to the point of beginning, containing 5994.29 square feet, more or less. DacV 1789843 Bkp 2466 P9N 231 EXHIBIT D LETTER OF ACKNOWLEDGEMENT TO: Initial Lessee, or its assigns Address of Initial Lessee, or its assigns DATE: This letter is given to (.....Initial Lessee....) as an acknowledgement in regard to the Affordable Housing Unit that I am purchasing. I hereby acknowledge the following: • That I meet the requirements set forth in the Affordable Restrictions to purchase an affordable unit. I understand that the unit I am buying is being sold to me at a price restricted below fair market value for my, future similarly situated persons and Monroe County's benefits. • That the Affordable Housing Unit that I am purchasing is subject to a ioo-year ground lease by and between Monroe County, a political subdivision of the State of Florida, and (hereinafter "Lease") and therefore I will be subleasing a parcel of land. • That my legal counsel, has explained to me the terms and conditions of the Lease, including without limitation the meaning of the term "Affordable Restrictions", and other legal documents that are part of this transaction. If I have not had legal counsel, I state here that I have had an opportunity to have obtain such counsel, understand its importance, and have knowingly proceeded to closing without it. • That I understand the terms of the Lease and how the terms and conditions set forth therein will affect my rights as an owner of the Affordable Housing Unit, now and in the future. • That I agree to abide by the Affordable Restrictions, as defined in the Lease, and I understand and agree for myself and my successors in interest that Monroe County may change some of the Affordable Restrictions over the ioo-year term of the Lease and that I will be expected to abide by any such changes. • That I understand and agree that one of the goals of the Lease is to keep the Affordable Housing Units affordable from one owner to the next, and I support this goal. • That in the event I want to sell my Affordable Housing Unit, I must comply with the requirements set forth in the Lease, including but not limited to the price at which I might be allowed to sell it, the persons to whom I might be allowed to sell it to and that the timing and procedures for sales will be restricted. • That my lease prohibits me from severing the improvements from the real property. • That my family and I must occupy the Affordable Housing Unit and that it cannot be rented to third parties without the written approval of the Lessor. • I understand that in the event that I die, my home may be devised and occupied by my wife, my children or any other heirs so long as they meet the requirements Exhibit B to First Amendment to Occupancv Agreement and Ground Lease DOCN 1789845 BkN 2468 PgN 232 for affordable housing as set forth in the Lease. That I have reviewed the terms of the Lease and transaction documents and that I consider said terms fair and necessary to preserve affordable housing and of special benefit to me. I hereby warrant that I have not dealt with any broker other than in connection with the consummation of the purchase of the Affordable Housing Unit. Occupant Signature s to First Amendment to Habitat for Huma pper Occupant Signature WNROE COUNTY OFFICIAL RECORDS reement and Ground Lease SECOND AMENDMENT TO OCCUPANCY AGREEMENT AND GROUND LEASE This Second AlnendmerVo Occupancy Agreement and Ground Lease (Second Amendment) dated thisaay ofZA,4 , 012, is made by and between Monroe County (County), a political subdivision of the State of Florida (Lessor) and Habitat for Humanity of the Upper Keys, Inc., (Habitat) a Florida non-profit corporation (Lessee). WITNESSETH: Whereas, Lessor and Lessee entered into that certain 99 year lease (Lease) dated May 20, 2009, for the property legally described on Exhibit A attached, known as 104 First Street, Key Largo, Monroe County for the development of fourteen (14) affordable housing dwelling units(units), said Lease being recorded in OR Book 2414 at Page 490; and Whereas, there was a First Amendment to the Lease dated April 21, 2010, which changed the term and the rent; and Whereas, Section 14.01 of the Lease required building permits be issued for the units by June 1, 2011 and certificates of occupancy issued by August 1, 2012; and Whereas, the parties desire to change the number of units to be built on the property and the date of issuance of certificates of occupancy; Now, Therefore, the undersigned parties agree as follows: 1. The Lease is currently valid and no actions for default have been commenced by County. 2. The definition of the term "Project" in Article I of the Lease is as follows: "Project' shall mean the required development of the Demised Premises for a seven (7) unit complex for sale or rent for moderate to low income affordable employee housing, primarily the required construction of Affordable Housing Units as set forth in Article XIV, but also including related infrastructure , securing of required development approvals and permits, financing for the construction for the Affordable Housing Units, marketing/renting of the Affordable Housing Units and creation of any required governing Association. 3. Section 14.01(a) of the Lease shall read as follows: (a) Initial Lessee shall commence construction of the Project any time after the date of execution date of this Second Amendment and shall complete construction and obtain Certificates of Occupancy for all seven (7) units by June 1, 2018. The units may be constructed in phases or at one time, substantially in accordance with the site plan attached as Exhibit B, unless Lessee decides to do attached housing or duplexes to provide more open space. 4. Except as expressly modified by this Second Amendment, all terms and conditions of the Lease and First Amendment thereto are in full force and effect and are binding upon the parties. >" IN WfT-IE$S WHEREOF, the parties have executed this Second Amendment. LESSOR.• . . ' MONROI - COUNTY BOARD OF SEAL COUNTY COMMIS TONERS ATTEST; DANNY t . KOLHAGE, CLERK Mayor David Rt Deputy Clerk LESSEE: HABITAT FOR HUMANITY OF THE UPPER KEYS, INC. Witness: c1) � Signatu Print Name J Dy1 ► Lo Syiy i2)/ I )-, Sig Printte STATE OF FLORIDA COUNTY OF MONROE MONROE LINTY ATTORNEY APPP., y D A5 TO FO Presid t Print Name Exe#Ive Dire or Pri t Name lC,0, 44VAej Be it known, that on theal±day of 7Q L af, 2012, before me a Notary Public in and for c4he cJTo VRe p giWIy known or who provided r motes&ony vheieof, I have subscribed mvfname and othecday and-dear written. and appeared identification. In my seal of office of Notary Public MOWCARNMW ZW CWN=M #M=W SMES: Nov 04, 2014 BNOWN01stsobs"M Exhibit A A part of the Northeasterly 125 feet of Block 3, Mandalay, according to the Plat thereof, as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida being more particularly described as follows: Beginning at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run Northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southeasterly direction along the arc, of a curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.20 feet; thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet; thence run with a deflection angle to the loft of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 62.50 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds and Southeasterly along the Northeasterly line of said Block 3 for a distance of 46.88 feet to a point of curvature; thence in a Southwesterly direction along the arc of a curve concave to the Wiest, having a radius of 25.00 feet and a delta angle of 89 degrees 59 minutes and 30 seconds "for a distance of 39.27 feet; thence run in a Southwesterly direction along the Southeasterly line of said Block 3 for a distance of 100.00 feet; thence run with a deflection to the right of 90 degrees 00 minutes 30 seconds from the last described course for a distance of 250.02 feet back to the Point of Beginning, containing 24,990.66 square feet, more or less. AND ALSO: A part of the Northeasterly 125 feet of Block 30 Mandalay, according to the plat thereof as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida, being more particularly described as follows: Commencing at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southwesterly direction along the arc of a curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.28 feet, thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet to the point of beginning of the parcel hereinafter described, thence run a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet, thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds and Northwesterly along the Northeasterly line of said Block 3 for a distance of 28.00 feet back to the point of beginning, containing 5994.29 square feet, more or less. EKIIIBIT B 0 0 N 133HIS 1S813 1SV3 Q } .� � O m 0 CL = a w b ® v MI Nto bs � (-aw na c Ovw iMYGra a, W a van < Q a a o . — — W ell W l V) ara a a 133H1S ON003S 1SV3 « �, THIRD AMENDMENT TO OCCUPANCY AGREEMENT AND GROUND LEASE This Third Amendment to Occupancy Agreement and Ground Lease (Third Amendment) dated this _day of 2013, is made by and between Monroe County (County), a political subdivision of the State of Florida (Lessor) and Habitat for Humanity of the Upper Keys, Inc., (Habitat) a Florida non-profit corporation (Lessee). WITNESSETH: Whereas, Lessor and Lessee entered into that certain 99 year lease (Lease) dated May 20, 2009, for the property legally described on Exhibit A attached, known as 104 First Street, Key Largo, Monroe County for the development of fourteen (14) affordable housing dwelling units(units), said Lease being recorded in OR Book 2414 at Page 490; and Whereas, there was a First Amendment to the Lease dated April 21, 2010, which amended the Lease to be for 100 years with no rent due; and Whereas, there was a Second Amendment to the Lease dated March 21, 2012 which changed the number of units to be built on the property from fourteen (14) attached dwelling units to seven (7) unattached single family units, and changed the date of issuance of certificates of occupancy to June 1, 2018; and Whereas, the parties desire to subdivide and plat the Demised Premises into seven (7) separate parcels in order to convey each parcel with one single family unit for sale or rent, and Now, Therefore, the undersigned parties agree as follows: 1. The Lease is currently valid and no actions for default have been commenced by County. 2. The definition of the term "Project" in Article I of the Lease is as follows: "Project" shall mean the required development of the Demised Premises for seven (7) unattached single family units for sale or rent for moderate to low income affordable employee housing, primarily the required construction of Affordable Housing Units as set forth in Article XIV, but also including related infrastructure, securing of required platting approvals, development approvals, and permits, financing for the construction for the Affordable Housing Units, marketing/renting of the Affordable Housing Units and creation of any required governing Association. If Initial Lessee desires to plat the property, it may act as agent for Lessor as the owner of the property. 3. Section 14.41(d) of the Lease shall read as follows: (d) The Initial Lessee shall apply for and prosecute, with reasonable diligence, all necessary approvals, permits and licenses required by applicable governmental authorities for the construction, development, zoning, use and occupation of the Project, including platting as required to sub -divide the Demised Premises. Lessor agrees to cooperate with and publicly support the Initial Lessee's effort to obtain such approvals, permits and licenses, provided that such approvals, permits and licenses shall be obtained at Initial Lessee's sole cost and expense. Nothing in this Lease is intended to or shall be construed to obviate or lessen any requirements for customary development approvals from any permitting authority, including the Lessor. Nothing in this Lease shall be construed as the Lessor's delegation or abdication of its zoning authority or powers and no zoning approval that Initial Lessee may require to complete its performance under this Lease has been or shall be deemed agreed to, promised or contracted for by this Lease. 4. Except as expressly modified by this Third Amendment, all terns and conditions of the Lease and First and Second Amendments thereto are in full force and effect and are binding upon the Parties. IN WTNESS WHEREOF, the parties have executed this Third Amendment. LESSOR: MONROE COUNTY BOARD OF SEAL COUNTY COMMISSIONERS ATTEST: AMY HEAVILIN, CLERK Mayor George Neugent LESSEE: Deputy Clerk HABITAT FOR HUMANITY OF THE UPPER KEYS, INC. Witness: i Sigfiature ' Print N e Pfrr7Zt c4 rt (2) - Signature Print Name President Print Name: Exe96ve Diredjlor PriAt Name: MONROE COUNTY ATTORNEY P OVED AS TO f RM Date: STATE OF FLORIDA COUNTY OF MONROE Be it known, that on the day of April, 2013, before me a Notary Public in and for the State of Florida, duly commissioned and sworn personally came and appeared to me personally known or who provided as identification. In testunony whereof, I have subscribed my name and affixed my seal of office of Notary the day and year written. Rotary Public PATRIOA GESS11 * * W COMSION i DD 888638 EXPIRES; June 30, 2014 J'+rFaM1� 8adadThN Butt Iloboy Sadoes Exhibit A A part of the Northeasterly 125 feet of Block 3, Mandalay, according to the Plat thereof, as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida being more particularly described as follows: Beginning at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run Northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southeasterly direction along the arc, of a curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.28 feet; thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 62.50 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet; thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3; thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds and Southeasterly along the Northeasterly line of said Block 3 for a distance of 46.88 feet to a point of curvature; thence in a Southwesterly direction along the arc of a curve concave to the West, having a radius of 25.00 feet and a delta angle of 89 degrees 59 minutes and 30 seconds for a distance of 39.27 feet; thence run in a Southwesterly direction along the Southeasterly line of said Block 3 for a distance of 100.00 feet; thence run with a deflection to the right of 90 degrees 00 minutes 30 seconds from the last described course for a distance of 250.02 feet back to the Point of Beginning, containing 24,990.66 square feet, more or less. AND ALSO: A part of the Northeasterly 125 feet of Block 3, Mandalay, according to the plat thereof as recorded in Plat Book 1, at Page 194 of the Public Records of Monroe County, Florida, being more particularly described as follows: Commencing at the Northwesterly corner of the Northeasterly 125 feet of Block 3, aforementioned Plat of Mandalay, run northeasterly along the Northwesterly line of said Block 3 for a distance of 99.99 feet to a point of curvature; thence in a Southwesterly direction along the arc of a curve concave to the South, having a radius of 25.00 feet and a delta angle of 90 degrees 01 minutes 03 seconds for a distance of 39.28 feet, thence run in a Southeasterly direction along the Northeasterly line of said Block 3 for a distance of 125.15 feet to the point of beginning of the parcel hereinafter described, thence run a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 44.50 feet, thence run with a deflection angle to the right of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 47.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 75.97 feet, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds from the last described course for a distance of 107.00 feet to the Northeasterly line of said Block 3, thence run with a deflection angle to the left of 90 degrees 00 minutes 00 seconds and Northwesterly along the Northeasterly line of said Block 3 for a distance of 28.00 feet back to the point of beginning, containing 5994.29 square feet, more or less.