10/25/1991 Lease
~annp lL. Itolbagt
BRANCH OFFICE
3117 OVERSEAS HIGHWAY
MARATHON, FLORIDA 33050
TEL. (305) 743-9036
CLERK OF THE CIRCUIT COURT
MONROE COUNTY
500 WHITEHEAD STR~ET
KEY WEST, FLORIDA 33040
TEL. (305) 294-4641
BRANCH OFFICE
P.O. BOX 379
PLANTATION KEY, FLORIDA 33070
TEL. (305) 852-9253
October 30, 1991
Mrs. Sandra Higgs
Monroe County Tourist Development Council
Post Office Box 866
Key West, FL 33041
Dear Mrs. Higgs:
On October 25, 1991, the Board of County
Commissioners of Monroe County approved and authorized exe-
cution of a Business Lease with First State Bank of the
Florida Keys for administrative office facilities for the
Tourist Development Council at 3406 North Roosevelt
Boulevard in Key West.
Enclosed are two duplicate originals of the sub-
ject Business Lease, now executed and sealed by all parties.
One of these documents should be sent to First State Bank;
the other is for your own files.
Sincerely yours,
Danny L. Kolhage
Clerk of Circuit Court
and ex officio Clerk
Board of County Commissioners
By:
Rosalie L. onnolly
Deputy Clerk
Enclosures
cc: County Attorney
County Administrator
Finance Director
File
BUSINESS LEASE
TIllS AGREEMENT, entered into this ~ day of tP~ , 1991, by and
between First State Bank of the Florida Keys, hereinafter called the lessor, party of the
first part, and the MONROE COUNTY BOARD OF COUNTY COMMISSIONERS for the
MONROE COUNTY TOURIST DEVELOPMENT COUNCIL, an advisory council to said
BOARD, hereinafter called the lessee or tenant, party of the second part;
WITNESSETH, that the said lessor does this day lease unto said lessee, and said
lessee does hereby hire and take as tenant under said lessor the office building as shown
on Exhibit "A", attached hereto and made a part thereof, situated at 3406 North
Roosevelt Boulevard, Key West, Monroe County, Florida, to be used and occupied by the
lessee as offices of Tourist Development Council Administrative Services and for no
other purpose or uses whatsoever, for the term of three (3) years with a 2-year option to
renew under same terms and conditions, except rent and electricity which shall be
renegotiated at mutually acceptable rates, contingent upon concurrence by the lessor
that said spaces are deemed ready for occupancy, then beginning on the first (1st) day
of December, 1991, and ending on the thirtieth (30th) day of November, 1994 at and
for the agreed base rental of Thirty Three Thousand ($33,000.00) dollars per annum
payable to First State Bank of the Florida Keys at 1201 Simonton Street, Key West,
Florida, 33040, as follows:
Three Thousand (3,000) square feet at Eleven ($11.00) dollars per square
foot, Two Thousand Seven Hundred Fifty dollars ($2,750.00) per month,
plus any applicable sales taxes; payable within thirty (30) days of each due
date; commencing on December 1, 1991 until November 30, 1994, or, if
the said spaces are not deemed ready for occupancy on December 1, 1991,
the terms of this Agreement shall be amended to reflect the new lease
commencement and ending dates.
CPI escalator shall be utilized after completion of the first year not to exceed four
percent (4%) per year. The Base Price Index shall be an average of the first active year
of the lease. The Price Index shall mean the Consumer Price Index for "All Items"
shown on the U.S. City Average for Urban Wage Earners and Clerical Workers (Including
Single Workers) as promulgated by the Bureau of Labor Statistics of the U.S. Department
of Labor, using the year 1967 as a base of 100.
In addition to the base rent above lessee agrees to pay a pro rated portion of monthly
electricity and illumination charges on the building (and sales taxes, if applicable). Such
amount shall be determined based upon lessee square footage as the percentage of the
square footage utilized by the bank. Under no event shall this charge be for more than
$562.50 per month plus any applicable sales taxes.
FIRST: All additions, fixtures, or improvements which may be made by lessee,
shall not be made without lessor's consent, except movable office furniture, shall
become the property of the lessor and remain upon the premises as a part thereof, and
be surrendered with the premises at the termination of this lease unless otherwise
agreed upon by the parties hereto.
SECOND: All personal/government owned property placed or moved in the
above-described premises shall be at the risk of the lessee or owner thereof, and the
lessor shall not be liable for any damage to said personal! government property.
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THIRD: In the event the premises shall be destroyed or so damaged or injured
by fire or other casualty during the life of this agreement, whereby the same shall be
rendered untenantable, then the lessor shall have the right to render said premises
tenantable by repairs within ninety (90) days therefrom. If said premises are not
rendered tenantable within said time, it shall be optional with either party hereto to
cancel this lease, and in the event of such cancellation, the rent shall be paid only to the
date of such fire or casualty. The cancellation herein mentioned shall be evidenced in
writing.
FOURTH: Lessee shall have the right to sublet the premises for the duration of
the term of this lease for services related directly to the Tourist Development Council
subject to the lessor's approval.
FIFTH: Lessee agrees to pay the cost of collection and attorney's fee on any
part of said rental that may be collected by suit or by attorney, after the same is past
due.
SIXTH: Lessee agrees to pay rent each month within thirty (30) days of each
due date. Should charges for rent herein provided for at any time remain due and
unpaid for the space of thirty (30) days after the same shall have become due, the lessor
may at its option consider the said lessee/tenant at sufferance and immediately re-enter
upon said premises and the entire rent for the rental period then next ensuing shall at
once be due and payable and may forthwith be collected by distress or otherwise.
SEVENTH: The lessor, or any of his agents, shall have the right to enter said
premises during all reasonable hours to examine the same to make such repairs,
additions or alterations as may be deemed necessary for the safety, comfort or
preservation thereof, or of said building, or to exhibit said premises, and to put or keep
upon the doors or windows thereof a notice "For Rent" at any time within thirty (30)
days before the expiration of this lease. The right of entry shall likewise exist for the
purpose of removing placards, signs. fixtures, alterations or additions which do not
conform to this agreement, or to the rules and regulations of the building. In addition,
lessor has the right to reasonable access to all common areas within the leased
premises.
EIGHTH: Lessee hereby accepts the premises in the condition they are in at the
beginning of this lease and agrees to maintain said premises in the same condition,
order and repair as they were at the commencement of said term, excepting only
reasonable wear and tear arising from the use thereof under this agreement, and to
make good to said lessor immediately upon demand, any damage to water apparatus or
electric lights or any fixtures, appliances or appurtenances of said premises, or of the
building, caused by any act or neglect of lessee, or of any person or persons in the
employ or under the control of the lessee.
NINTH: This contract shall bind the lessor and its assigns or successors, and
the heirs, assigns, administrators, legal representatives, executors or successors as the
case may be, of the lessee.
TENTH: It is understood and agreed between the parties hereto that time is of
the essence of this contract and this applies to all terms and conditions contained here.
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ELEVENTH: It is understood and agreed between the parties hereto that written
notice mailed or delivered to the premises leased hereunder shall constitute sufficient
notice to the lessee and written notice mailed or delivered to the office of the lessor
shall constitute sufficient notice to the lessor, to comply with the terms of this contract.
TWELFTH: The rights of the lessor under the foregoing shall be cumulative, and
failure on the part of the lessor to exercise promptly any rights given hereunder shall
not operate to foneit any of the said rights.
THIRTEENTH: It is further understood and agreed between the parties hereto that
any charges against the lessee by the lessor for services or for work done on the
premises by order of the lessee or otherwise accruing under this contract shall be
considered as rent due and shall be included in any lien for rent due and unpaid.
FOURTEENTH: All deposits for utilities will be paid by lessor. Lessor shall provide, a
their cost, water and sewer service, solid waste service, and employee parking to
Lessee.
FIFTEENTH: All charges for any pennits or impact fees required for any alterations
to building made by lessee or for any sign age to be placed on property or building by
lessee, shall be the responsibility of and paid for by lessee.
SIXTEENTH: Any Federal, State, County, or City requirements for "Safety In The
Workplace", including fire prevention, fire extinguishers, etc. for which lessee is
required to comply, shall be at expense of lessee.
SEVENTEENTH: Lessor, by the authorized signature below, certifies that it is the
sole owner of fee simple title to the leased premises.
IN WITNESS WHEREOF, the parties hereto have hereunto executed this instrument for
the purpose herein expressed, the day and year first above written.
~' Signed" Seale~, and deliver~d in the p~ ___
/~e:A12~Ld~) \,~
,/, ^ ~ (ov~'- First State Bank of the Florida Keys
MONROE COUNTI BOARD OF
COUNTI COMMISSIONERS
(SEAL)
ATTESn DANNYL.KOLHAGE,CLERK
_.- _,_4..___ ~_
\.U .t.~.J ~~~6~,\ ,-- ~q. \
By
Mayor I Chainnan
By
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