HomeMy WebLinkAbout1st Addendum 11/19/2003
DANNY L. KOLHAGE
CLERK OF THE CIRCUIT COURT
DATE:
November 25, 2003
TO:
Lynda Stuart, Office Manager
Tourist Development Council
ATTN:
Maxine Pacini
Administrative Assistant
FROM:
Pamela G. Hancock~
Deputy Clerk Ut1
At the November 19,2003, Board of County Commissioner's Meeting the Board granted
approval and authorized execution of the following:
.I Addendum to Agreement between Monroe County and c.B. Schmitt Real Estate Co., Inc.
Amendment to Agreement between Monroe County and Islamorada Chamber of
Commerce to revise the date of the Columbus Day 10K Getaway for 2003.
Destination Events Agreement between Monroe County and Hog's Breath Saloon of Key
West, Inc. covering the Key West Songwriters' Festival on May 12-15,2004 in an amount not to
exceed $6,227, DACJ, FY 2004 Third Penny Event Resources.
Amendment to Agreement between Monroe County and Key West Investment Syndicate,
Inc. to revise the name of their event to take place on November 19-21, 2003 from APBA
Offshore Worlds Billfish Tournament to Offshore Worlds Billfish Tournament.
Enclosed are two duplicate originals of each of the above mentioned for your handling.
Should you have any questions please do not hesitate to contact this office.
cc: County Administrator w/o documents
County Attorney
Finance
File.!
ADDENDUM TO AGREEMENT
THIS ADDENDUM to Lease Agreement is made and entered into this ~ay of
NI) V ,2003 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, the original agreement states that if the option to extend is
exercised, the rent will be adjusted for each of the extended term years in accordance
with the percentage change in the Consumer Price Index (CPI), National Index for
Wage Earners and Clerical Workers, and shall be based upon the annual average CPI
Computation from January 1 st through December 31 st of the previous year; and
WHEREAS, the Monroe County Tourist Development Council recommends that
the agreement be extended for a term of five (5) additional years;
NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree to hereby amend the agreement entered into on December 9, 1998 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, running from
March 1, 2004 through February 29, 2009. Lessee shall have the remaining
option to extend this Lease Agreement for one (1) additional five-year (5) term.
2. The following language shall be added to Paragraph 4. Rent: .
The first year's rent under this agreement addendum has been recomputed to
reflect the change in CPl. The Lessee must pay the Lessor the sum of $7,503.60
per month, commencing March 1, 2004, on the first day of the month. Thereafter,
the amount of rent due shall be adjusted each of the extended term years in
accordance with the percentage change in the CPI and shall be based upon the
annual average CPI Computation from January 1st through December 31st of the
previous year.
1
,.'f:::;,C:' )/..r;tQ!1 remaining provisions of the contract dated December 9, 1998, not
,/':~0-if> I ~sistent herewith shall remain in full force and effect.
( ...'\'6
: ,
(CORPORATE SEAL)
Attest:
Board of County Commissioners of
Monroe~~n,ty ly,____ . / /
,.t .~.du. / /' /. ~a.U
By: 7"
Mayor/Chairman
Lessor, C.B. Schmitt Real Estate Co., Inc.
Third Party, 3406 ~h Roosevelt Blvd. Corp
By: ~/\6 ~~~ ,
President
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MONROE COUNTY ATTORNEY
ROVED AS TO
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