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Home My WebLink About6th Addendum 09/11/2024 GVS COURTq° o: A Kevin Madok, CPA - �o ........ � Clerk of the Circuit Court& Comptroller Monroe County, Florida �z cooN DATE: October 3, 2024 TO: Ammie Machan, Administrative Assistant Tourist Development Council Julie Cuneo Office of Management and Budget FROM: Liz Yongue, Deputy Clerk SUBJECT: September 11, 2024 BOCC Meeting The following item has been executed and added to the record: D48 Addendum to Agreement with C.B. Schmitt Real Estate Co., Inc. to remove additional office and parking space from previous addendum. The lease for the original office and parking space for the Monroe County Tourist Development Council administrative office will continue. Should you have any questions please feel free to contact me at(305) 292-3550. cc: County Attorney Finance File KEY WEST MARATHON PLANTATION KEY 500 Whitehead Street 3117 Overseas Highway 88770 Overseas Highway Key West, Florida 33040 Marathon, Florida 33050 Plantation Key, Florida 33070 ADDENDUM TO AGREEMENT THIS ADDENDUM to Lease Agreement is made and entered into this 11th day of _September 2024 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 (hereinafter"TDC") administrative offices; and WHEREAS, the original agreement provided an option to extend the lease agreement for two (2) additional five-year(5)terms; and WHEREAS, there was an Addendum to Agreement entered into on November 19, 2003 to exercise one(1) of the additional five-year(5) terms; and WHEREAS, there was an Addendum to Agreement entered into on December 17, 2008 to exercise the second (2nd) additional five-year(5)term; and WHEREAS, there was an Addendum to Agreement entered into on September 17th 2013 to extend Agreement through September 30, 2019 with an option to extend for an additional five (5) year period with the rent to be re-negotiated at fair market rent in effect at that time; and WHEREAS, there was an Addendum to Agreement entered into on April 171, 2019 to extend Agreement through September 30, 2024 With an option to extend for an additional five (5) year period with the rent to be re-negotiated at fair market rent in effect at that time; and WHEREAS, there was an Addendum to Agreement entered into on May 15, 2024 to extend the termination of agreement until September 30, 2029 and provide for additional office space of approximately 1415 sq. ft. in the adjoining office space and additional parking space commencing October 1, 2024 with all improvement necessary to be completed by Landlord's contractor and reimbursed by the TDC; and WHEREAS, the additional office space and parking space is no longer required, this portion of the agreement is revised to remove the additional office space and parking space; and WHEREAS, the Lessee continues to require original office and parking space for the TDC administrative office; NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree to hereby amend the agreement entered into on December 9, 1998 and amended on November 19, 2003; December 17, 2008; September 17th, 2013 and April 171, 2019, and May 15, 2024 as follows: 2024 TDC Office Lease 2nd Amendment to Agreement 1 • • I. •Paragraph•1.:PROPERTY:shall.be:revised to delete'the following::• _: :: • . ' : :: . : :: - : • . . Commencing.on:October 1., 2024:,:the.LESS.OR,:leases'exclusively to the.LESSEE : . : :': • : . :: :...' .. : i :: :: . :: :'. ' '..: -:: •an additional off ice:space:of:approximately-:1415 sq;•.ft. as noted as:'"additional.TDC : :: : • . :: . - : . • :space"-as•shown on Site Plan=Exhibit C and the:entire'back:parking lot(8.parking : :: • : . : . :. spots):.. • • •• . . • : i :: •: ... • ' :'..* . : :•: . : ' " .' : ":: -. -. :.: : • .• : : :: .. .. :.1 ..••• . :: f:: . ' . :.1 . .. ...: : .: • ••• H • • • :. ••: • Paragraph 4 RENT.••shall be revised.to read as follows:: :: : :: : ' . : :• , : ' • . : :: 4.: . - - .. . For the•use:of-the premises,.the-Lessee:must pay the Lessor the.sum:of$10,880•per . • • :.• : • -.• 1.:: month:(October 1,.2024 through to September 30, 2029) due.in.monthly installments.on:.• ' .: : '' ' • . • . • : the•first day. of each.Month. : The monthly.payments shall:be remitted to:C.B: Schmitt• '': ••• •• • : • •.• Real'Estate Cos, Inc. 1 2 1 :White.Street,'Suite. , Key West,'FL 33040 upon'receipt of a •• •• 1.. •• • :Monthly:invoice. : Monroe•Count .s isperfortilafice and iobligation.to:pay-a: -under'this ease:. :•• .: • • • •• agreement is, contingent 'upon:annual :appropriation,.by the :Monroe:County Board: of• • : ••• :.. i i • • . • •• • • . C•ounty -Commissioners:•• :Additionally,: Lessee shall :pay:Lessor,•upon :receipt: of.:an : • :. : - i •. - • ..nvoice and proof•of-Lessor'spaymentof property- taxes, 48% •of•the•pro taxes for:. •• • •.i •• • • ••• . 1201 -White Street The:Lessor shall submit to••Lessee.by September id of•each year a •.• . :• copy.:of•the: proposed..annuOli property tax.assessment,:•'in order for-.the amount •of. : - :. •. •.i • :•. • • . •payment in:the succeeding .fiscal year to.be'established.in the:budget.•.•: :. • : • , . • 3, •Paragraph 7.:'CONDITION-OF PREMISES.:Shall be revised to delete.the following::•. :.. : • . : :• •• • • :The additional•office space:of approximately 141:5 sq: ft.:will be:built out'and•renovated•- • • -.: : • • : • -• :• : • : - - •by:Lessor's:•contractor(s),of.choice,.The,build-out and.renovation-will.include but.:not be • ..•: : .: : ••• • ••. .• • •limited:•.to.•:adding an interior, :entrance; :new• ooringlcarpeting, .and'•painting... e: • - • •.: : ,•estimated cost for.the build out and.,renovation is approximately .00,000.:The:Lessee will• • • •. -.•: • •• : • . • - - ' reimburse the•Lessor.for.the.-completed.build.out•and renovation .upon presenting:proof H.•: : . : . ' . '• of:payment/paid:invoice to the LESSOR's:contractor. •: :• ••.: : • - •• :- • .: : ••• • • . •: • . : ••• . : • •.4.• : :• •The• remaining.:provisions of•the.• contract. •dated :December 9,. .19.98, i and: amended .'.: : •: :• . • . : • November.:19,- 20.03::December.17,:2008: September-.17"',; .2013,: and:April•17th,: 2019:, :-. : . •• � .�_ -�,,..z• May.1:5,•2024,.not inconsistent herewith•shall..remain:in full force and effect.• • : - . • : .: :• . . • •• ..�,�4 r 44.''"�Qa;;J .emu, .. . ' .. • .. .. . At.:Y.:,,,;-•ii:),-.,.. : '• . ‘: i :.- . -.• :-._ . :•• .--,i• :.- . - :-.- I :.: - :. :.- . -.• : • :.: •.: :- . .• :.. 1: ...: I : . ' •....• :. i•.• .. . .*- :...... •:.. .r :i. :.. • `�t;f.:{_ �.� yAtteslr`�j,.,.•K 1. ,,,,- • n Madok; Clerk.: : • . •.. ' : . • Board of County Commissioners of j $Y'W>• �!":l:Yae,tti J4�..,,'' �•7 �.. n Pi'�� (� 1, -•r�� •• • • Monroe County • • • • • • L._ r. .•. . :•.: ,,,...,,01,4?-01;;ILiTti.,-- ...:-.A1.101.-1 ' • OWAir r V I VI- .. . . - . . . .. . .. ' • •:.•:.'..•.•••• :-...0,••\•.,2„\MZ. • :BY.:•-,• . • • • ,,��.... 7 . As putt'Clerk • ayor/C• h•air••man.. . • . • • • . • ••'---"":-. : Lessor;C.B.-Schmitt:Real Estate Co.., In. • - • .. • . • . • - • . . • • •PAti.H. 0-4•.. . Y--.' -tk..ieLl '.* . H .t •• • :--•.•iiiiirit '-.H...H ::. ..: '" .:.-:.: '.. -... : :. .... ii.H '. ,.... H :. -. . ... . .. •. , .. . . : .. .By.: • .• • ••'• .:•'•:_,-::: •••__•• :.:' • ;...-.•• -. : :••'• : - • • : • :•:y:• • - •• •• .• .• • • - • ••.. • .• .• - • • •• • • - • - •• • ' i• . O ness: . •.• .' :Pr-sident . : . • . w • .00 . . :�.�� .. ....Panted Name. . . . • • • : • • • • • Third ..arty •06.North•Roosevelt Blvd. Co, . • c :�..,r_ • . By• , . • • : .. •"2 • • • • •• :• : •• ••:We.Pr- dent. :• : . • Office•Lease 2"d Amendment to A��-reement ' J 24TD�,,-.. • g . . . ��MONROE COUNTY ATTORNEY. • API'R VE AS TO FORM: • • CHRISTINE LIMBERT-BARROWS ' • • . ' .AS •l TANT COUNTY'A "DATE: •9/3/24