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7th Amendment 02/14/2002 SEVENTH AMENDMENT TO AGREEMENT M THIS ADDENDUM to agreement is made and entered into this If day of ~ 2002, between the Monroe County Board of County Commissioners, The Legendary Key Largo Chamber of Commerce. WHEREAS, there was a contract entered into on May 22, 1996, as amended July 16, 1997; May 12, 1999 ; October 13, 1999, May 18, 2000, August 16, 2001 and December 20, 2001 between Monroe County Board of County Commissioners and The Legendary Key Largo Chamber of Commerce for the preparation of the surplus Navy ship Spiegel Grove as an artificial reef and transporting the Spiegel Grove to a site off Key Largo, Florida, where the ship will be scuttled and turned into an artificial reef, and WHEREAS, as of the first date above, additional work remains to be done in order to prepare the Spiegel Grove for permitting by regulatory agencies for placement on the ocean bottom as an artificial reef; and WHEREAS, the District V Advisory Committee to the Tourist Development Council has recommended appropriation of an additional $300,000 of District V tourist development funds to be applied to the Spiegel Grove Project; and WHEREAS, the Tourist Development Council has recommended the same action; and WHEREAS the fifth Amendment to the original contract was an acceptance of the Chamber's assignment to First State Bank of the Florida Keys of monies previously contracted by the County for payment upon the completion of the project and placement on the ocean bottom; and WHEREAS, it is desired to contract to provide an additional $300,000 for said placement of the Spiegel Grove for establishment of an artificial reef but that these additional monies not be subject to the prior assignment; and WHEREAS, the Key Largo Chamber of Commerce has entered into, or will soon do so, an agreement for final preparation of the Spiegel Grove for placement on the ocean bottom, and said agreement has incorporated requested changes of the County Attorney; NOW THEREFORE, the parties agree as follows: 1. This amendment to agreement is by and between only the Legendary Key Largo Chamber of Commerce and the Board of County Commissioners of Monroe County. Seventh Amendment to Agreement for Spiegel Grove 1 J 2. The Key Largo Chamber of Commerce shall take all actions necessary, including providing for final clean-up and preparation, as required by all regulatory agencies to place the Spiegel Grove on the ocean bottom in the area of Dixie Shoals as contemplated under the pre-existing agreement as previously amended. 3. Upon said placement of the Spiegel Grove on the ocean bottom in compliance with all applicable laws and regulations, and receipt of documentation in accordance with the Clerk's requirements to show that the Chamber has completed all of its obligations under the agreement as amended, the County shall reimburse the Chamber an amount of $300,000 in addition to the sum of $268,000 which has been contracted through the agreement dated May 22,1996, as amended on July 16,1997; May 12,1999; October 13, 1999; May 18, 2000; August 16, 2001; December 20, 2001. The $300,000 contemplated under this amendment, dated on the date first above written, is not subject to the assignment accepted by the County in the Amendment dated August 16, 2001. 4. The requirement in original Agreement dated May 22, 1996, paragraphs K) 3. And K) 4. Requiring a grant from DEP is hereby deleted. 5. All other provisions of the agreement dated May 22, 1996, as previously amended, and not inconsistent herewith shall remain in full force and effect. The Legendary Key Largo Chamber of Commerc IN WITNESS WHEREOF, the parties have set their hands and seal on the day and year first above written. r--.) r::::l '-= r-....> -., rr1 OJ N U1 ;; C'J Z > ;:2 " ~: .....Jr-....a.. rq -r -t' .....'''' ' ( '. ,)' r" o ('") , ,-- .- .';: :;:o? ~. S2 :<~~ 'l> "'Tl C) I rr1 l> :n- - -~~.... ." r rr1 o ." C> :::0 :::0 rT1 ("") o :::0 CJ .r;:- Ul Y L. KOLHAGE, CLERK BOARD OF COUNTY COMMISSIONERS OF MONROE COU~' FLORIDA Mayor/Chairman Seventh Amendment to Agreement for Spiegel Grove 2 APPROVE~~ ~l '"'FlelE . AE ~UTTON nATE J 2-~ Q)-