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HomeMy WebLinkAbout2nd Amendment 12/10/2026 GVS COURTq° o: A Kevin Madok, CPA - �o ........ � Clerk of the Circuit Court& Comptroller Monroe County, Florida �z cooN DATE: May 08, 2026 TO: Ammie Machan, Administrative Assistant Tourist Development Council FROM: Brynn Morey, Deputy Clerk SUBJECT: December 10, 2025 BOCC Meeting The following item has been executed and added to the record: D02 Approval of 2nd Amendment to Lease Agreement with PL Island Outcomes LLC to extend the lease for TDC Administrative Office space in Islamorada for an one year period to February 28, 2027 with an increase of rent of 5% to $12,180 plus $50 dumpster fee, totaling $12,230/month. 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 AMENDMENT (2nd AMENDMENT) TO AGREEMENT THIS AMENDMENT to Agreement dated this 10th day of December 2025, is entered into by and between the or of County Commissioners for Monroe County (Tenant or County), on behalf of the Tourist Development Council, and PL Island Outcomes, LLC a Limited Liability Company operating under the laws of the state of Florida (Landlord). WHEREAS, there was an Agreement entered into on February 19, 2025, between the parties, for Landlord to provide office space for the Tourist Development Council Administrative office in Islamorada; and WHEREAS, there was an Amendment (1 st Amendment) to Agreement that was entered into on July 16, 2025, to include utilities in the lease agreement; and WHEREAS, the lease provides an option to renew the lease agreement for an additional (1) one-year period with an increase in rent of 5% and the parties wish to exercise the option to extend the lease, revise the term expiration date to February 28, 2027 and increase the monthly rent by 5%,: NOW, THEREFORE, in consideration of the mutual covenants contained herein the parties agree to the amend Agreement as follows: 1 Monthly Rent shall be increased to $12,180 plus $50 dumpster fee, totaling $12,230 per month. 2. In accordance with Paragraph 38, the parties hereby exercise the option to extend the lease for an additional (1) one-year period to February 28, 2027. 3. The term of the lease shall be revised to February 28, 2027, throughout the Lease Agreement. 4. The remaining provisions of the agreement dated February 19, 2025, as amended July 16, 2025 shall remain in full force and effect. REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK Amendment#2 TDC Islamorada Lease Agreement Islamorada Lease 2nd Amendment -- lyr extensOrl Final Audit Report 2025-11-21 Created: 2025-11-20 By: Yvette Doherty(yvefte@ysfloddakeys.com) Status: Signed Transaction ID: CBJCHBCAABAAz5pPqCJCICz)(cOGjYPesLSC20-ezgKev "Islamorada Lease 2nd Amendment - 1 yr extension" History t Document created by Yvette Doherty(yvefte@ysfloridakeys.com) 2025-11-20-9:34:50 PM GMT Document emailed to Katarzyna Shields (kputol @yahoo.com)for signature 2025-11-20-9:34:53 PM GMT Email viewed by Katarzyna Shields(kputol@yahoo.com) 2025-11-21 -8:38:50 PM GMT Document e-signed by Katarzyna Shields(kputol@ yahoo.com) Signature Date:2025-11-21-8:40:23 PM GMT-Time Source:server Agreement completed. 2025-11-21 -8:40:23 PM GMT Adobe Acrobat Sign 3406NRO-01 CHANEYS �►co�ro,,, CERTIFICATE OF LIABILITY INSURANCE DAT/11/2D/YYYY) 026 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT Sara Chaney NAME: Insurance Office of America PHONE FAX 13361 Overseas Highway (A/C,No,Ext): (407)283-6870 (A/C,No): Marathon,FL 33050 ADDRESS:sara.chaney@ioausa.com INSURERS AFFORDING COVERAGE NAIC# INSURERA:Scottsdale Insurance Company 41297 INSURED INSURERB:Philadelphia Indemnity Insurance Company 18058 3406 N. Roosevelt Blvd.Corporation INSURERC: 1201 White Street Suite 102 INSURER D: Key West,FL 33040-3328 INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL SUBR POLICY NUMBER POLICY EFF POLICY EXP LIMITS LTR INSD WVD MMIDD/YYYY MMIDD/YYYY A X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ 1,000,000 CLAIMS-MADE X OCCUR CPS8272464 8/23/2025 8/23/2026 DAMAGE TO RENTED 100 000 X X PREMISES Ea occurrence $ MED EXP(Any oneperson) $ 5,000 PERSONAL&ADV INJURY $ 1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 2,000,000 X POLICY PELT LOC PRODUCTS-COMP/OPAGG $ Included OTHER: HNOA $ 1,000,000 AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT Ea accident $ ANY AUTO BODILY INJURY Perperson) $ OWNED SCHEDULED AUTOS ONLY AUTOS BODILY INJURY Per accident $ HIRED NON-OWNED PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY Per accident $ UMBRELLA LIAB OCCUR EACH OCCURRENCE $ EXCESS LIAB CLAIMS-MADE AGGREGATE $ DED RETENTION$ $ WORKERS COMPENSATION PER OTH- AND EMPLOYERS'LIABILITY Y/N STATUTE ER ANY PROPRIETOR/PARTNER/EXECUTIVE ❑ E.L.EACH ACCIDENT $ OFFICER/MEMBER EXCLUDED? N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $ If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ B Directors&Officers PHSD1837242-024 1/18/2026 1/18/2027 Per Claim 1,000,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES (ACORD 101,Additional Remarks Schedule,may be attached if more space is required) Waiver of Subrogation with respect to General Liability perform#CG 24 04 05 09 CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE PL Island Outcomes, LLC 2420 Brickell Ave,Apt 103E� Miami FL 33129w ACORD 25(2016/03) ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD COMMERCIAL GENERAL LIABILITY CG 24 04 05 09 WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE Name Of Person Or Organization: Any person or organization for whom you are required to waive your right of recovery on this Coverage Part under a written contract or agreement The following is added to Paragraph 8.Transfer Of Rights Of Recovery Against Others To Us of Section IV - Conditions: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations or"your work" done under a contract with that person or organization and included in the "products-completed operations hazard". This waiver applies only to the person or organization shown in the Schedule above. CG 24 04 05 09 ©Insurance Services Office, Inc., 2008 Page 1 of 1 COMMERCIAL GENERAL LIABILITY CG 20 11 01 96 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - MANAGERS OR LESSORS OF PREMISES This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE 1. Designation of Premises (Part Leased to You): 85960 OVERSEAS HIGHWAY (2ND FLOOR) ISLAMORADA FL 33070 2. Name of Person or Organization (Additional Insured): PL ISLAND OUTCOMES LLC 2420 BRICKELL AVE, APT 103B MIAMI, FL 33129 3. Additional Premium: $ 1066 (If no entry appears above, the information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.) WHO IS AN INSURED (Section II) is amended to include This insurance does not apply to: as an insured the person or organization shown in the 1. Any "occurrence" which takes place after you cease Schedule but only with respect to liability arising out of to be a tenant in that premises. the ownership, maintenance or use of that part of the premises leased to you and shown in the Schedule and 2. Structural alterations, new construction or demo- subject to the following additional exclusions: lition operations performed by or on behalf of the person or organization shown in the Schedule. Hart Forms&Services CG 20 11 01 96 Copyright, Insurance Services Office, Inc., 1994 Reorder No. 14-2150