11/17/2004 Agreement
LEASE AGREEMENT
State of Florida
County of Monroe
This Lease Agreement entered into this 17th day of November, 2004, between L.H.
KEPHART d/b/a EATON STREET PROFESSIONAL CENTER, party of the first part,
hereinafter called the Lessor, and the BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, party of the second part, hereinafter called Lessee.
WITNESSETH:
WHEREAS, that the lessor does this day lease unto said lessee,
and
WHEREAS, said lessee does hereby hire and take as tenant under said lessor room or space, as
shown on EXHIBIT A, attached hereto and made a part thereof, situated at:
EATON STREET PROFESSIONAL CENTER, KEY WEST
MONROE COUNTY, FLORIDA;
To be used and occupied by the lessee as offices of the Public Defender and for no other purpose
or uses whatsoever, and
WHEREAS, beginning on the 1 st day of December, 2004 and ending on the 30th day of
November, 2007 and
NOW, THEREFORE, for the agreed annual rental sum of $198,720.00
Payable to EATON STREET PROFESSIONAL CENTER, AT 524 Eaton Street, Key West,
Florida 33040, and other good and valuable consideration, the parties agree as follows:
1. Lessor shall lease to lessee and lessee shall lease from lessor the above-described premises.
2. Lessee shall lease 8,280 square feet at $16,560.00 per month. Additionally, lessee shall
pay $100.00 per month for sewer and water; $152.07 per month for a dumpster, payable
within (30) Thirty days of each due date, commencing on December I, 2004 and ending on
November 30,2007. Increases for sewer, water, and dumpster shall be addressed on a case
by case basis, based on increases by the service provider.
3. Lessee has the option to renew the lease for two additional one year periods.
4. The lease amount agreed to herein might be adjusted annually in accordance with the
percentage change in the Consumer Price Index for all urban consumers (CPI-U) for the
most recent 12 months available.
5. All additions, fixtures or improvements which may be made by lessee, except movable
office furniture and equipment, 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 thereof
6. All personal property placed or moved in the above-described premises shall be at the risk
of the lessee or owner thereof, and lessor shall not be liable for any damages to said
personal property.
7. 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 within
(90) Ninety days therefrom. If said premises are not rendered tenantable within said time
frame, 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.
8. Lessee shall have the right to sublet the premises for the duration of the term of this lease,
subject to the lessor's approval, provided that such approval shall not be unreasonably
withheld.
9. Lessee agrees to pay the cost of collection and ten percent (10%) attorney's fee on any part
of said rental that may be collected by suit or by attorney, after the same is past due.
10. The lessee agrees that it will pay all charges for rent, gas, water, sewer, trash, electricity or
other illumination used on said premises, and should charges for rent or lights herein
provided for at any time remain due and unpaid for the space of (30) Thirty 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.
11. The lessor, or any of its agents, shall have the right to put or keep upon the doors or
window thereof a notice "FOR RENT" at any time within (30) Thirty days before the
expiration of this lease. The right to 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.
12. Lessee hereby accepts the premises only after the repairs are completed (within 6 months
from the commencement date of this lease) at the expense of the lessor and as described as
follows:
a) Upgrade the upstairs restrooms to include flooring and painting.
b) Repair collapsing wall in Rosemary's office.
c) Repair chronic roof leaks in the upstairs ceiling by the restrooms.
d) Repair existing water damaged ceiling tile, walls, and carpeting.
e) Perform an indoor air quality assessment (after all repairs are completed)
f) Correct the chronic flooding under the easterly door.
g) Lessor's maintenance man will check the air handler on a monthly basis. Lessee
will be allowed to call Lessor's Air Conditioning contractor when needed.
h) Provide adequate access to the rooftop NC unit.
i) Insulate the ceilings.
j) Remove all front entrance pavers and replace with new non-slip outside flooring.
Upon completion of aforementioned repairs, lessee agrees to maintain said premises in the
same condition, order and repair as there were at the commencement of said term,
exception 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.
13. 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.
14. 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 herein.
15. It is understood and agreed between the parties hereto that 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.
16. 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 forfeit any
of the said rights.
17. 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.
18. PARKING
a) Parking is to be provided by the lessor between the hours of 6:00 a.m. and 6:00 p.m.
Monday through Friday, throughout the term of this lease, as per Exhibit "B" attached
hereto and incorporated by reference, with lessor retaining rights to (8) eight spaces.
b) Lessor shall provide (3) parking passes to the lessee to be utilized at the parking lot as
depicted in Exhibit "B" between the hours of 6:00 p.m. and 6:00 a.m., (7) seven days per
week, throughout the term of the lease.
c) Lessor shall provide lessee (3) three parking spaces on the east side of the building to be
utilized (7) seven days per week, (24) twenty-four hours per day.
d) Lessor maintains the right to provide alternate parking for repairs and or construction in or
around the parking lot, within reasonable distance from the referenced lease site.L
19. ELEVATOR
Lessor will provide an elevator to the second floor, and the loss of the current office
utilized by the Lessee will be compensated by a comparable square footage on the
premises, or by a reduction in rent by the cost per square foot multiplied by the total
amount of square footage lost.
20. TERMINATION:
a) This agreement may be terminated without penalty be either the lessor or lessee upon
providing a (6)six month written notice mailed or delivered to the other party
b) In the event that funds from the budget of Monroe County are partially reduced or cannot
be obtained or cannot be continued at a level sufficient to allow for the rental of property
specified herein, this agreement may then be terminated immediately at the option of the
Board by written notice of termination delivered in person or by mail to the lessor. The
Board shall not be obligated to pay for any rental provided by the lessor after the lessor has
received written notice of termination.
c) This lease may be terminated by the Lessee upon written sixty (60) days notice to the
Lessor that the Lessee has obtained adequate office space in a governmental building.
21. The lessor herein expressly agrees to maintain the subject premises in full compliance with
the American Disabilities Act. Further, the lessor shall be liable for any cost or expenditure
associated with said compliance. However, in the event the total cost or costs associated
with said compliance reaches $5,000.00 during the term of this agreement, the lessor shall
have the option of terminating this agreement as provided in Article 18a above. Further,
during the (6) Six-month notice period provided in Article 18a, the lessor shall not be
liable for any costs of said compliance above $5,000.00.
22. The lessor herein expressly agrees to maintain the common bathrooms utilized by the
tenants of the subject premises in a clean, sanitary manner. Further, the lessor expressly
agrees to be liable for any cost or expenditure associated with it.
23. Notwithstanding the provisions contained in paragraph 8 above, the lessee, with the
assistance of the Monroe County Public Works Division, herein expressly agrees to be
liable for normal routine maintenance associated with operation of the air conditioning
system located on the subject premises, limited to cleaning and changing the filters, coils
and belts, as well as monthly cleaning of the drain. The lessor herein expressly agrees to be
responsible for all costs associated with maintenance and operation of the air conditioning
system, including all electrical, mechanical components, coils, condensers, and
refrigerants.
24. The lessor herein expressly agrees to maintain the subject premises in full compliance with
all safety codes and standards, and remedy all safety hazards as deemed appropriate by the
Monroe County Safety Manager. Further, the lessor shall be liable for any cost or
expenditure associated with said compliance. However, in the event the total cost or costs
associated with said compliance reaches $5,000.00 during the term of this agreement, the
lessor shall have the option of terminating this agreement as provided in Article 18a above.
Further, during the (6) Six-month notice period provided in Article 18a, the lessor shall not
be liable for any costs of said compliance above $5,000.00.
25. Lessor warrants that it has not employed, retained or otherwise had act on its behalf any
former County officer or employee subject to the prohibition of Section 2 of Ordinance
No. 010-1990 or any County officer or employee in violation of Section 3 of Ordinance
No. 020-1990. For breach or violation of this provision the lessee may, in its discretion,
terminate this contract or purchase price, or otherwise recover the full amount of any fee,
commission, percentage, gift, or consideration paid to the former County officer or
employee.
26. A person or affiliate who has been placed on the convicted vendor list following a
conviction for public entity crime may not submit a bid in a contract with a public entity
for the construction or repair of a public building or public work, may not submit bids on
leases of real property to public entity, may not be awarded or perform work as a
contractor, supplier, subcontractor, or consultant under a contract with any public entity,
and may not transact business with any public entity in excess of the threshold amount
provided I Section 287.017, for CATEGORY TWO for a period of 36 months from the
date of being placed on the convicted vendor list.
27. Exhibit "C", attached hereto and incorporated as part of this lease document, is a survey of
the property.
IN WITNESS WHEREOF, the parties hereunto executed this instrument for the purposes herein
expressed, the day and year first above written.
SIGNED, SEALED and DELIVERED in the presence of
By:
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COMMISSIONERS :,:., ~~
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APPRAISAL
OF KEY WEST
co.
U28 Flat- A..,....... ..,.,
KIY WHt. Florida 13NW1S2
TlIIep/Ione; (3IS}....
F.; (S01'2HoOft3
w.un.; ~.I*ft
EmaIJ; ~.COIII
September 2, 2004
Mr. Lynn K6phan
Fax: 305-292-1495
Dear Mr. Kephart:
Per OUT telephone conversation, I have researched Old Town Market Rent Comparables and have
determined that Old Town professional office rents typically range from $24 to $27 per square foot
of rentable area on a triple net basis.
In a triple net lease the tenant is responsible for their pro-rata share of the common area and exterior
maintenance, building insurance, real estate property taxes, and all utilities. while the landlord pays
for property management and reserves.
If you have any other questions please call my office.
APPRAISAL COMPANY OF KEY WEST
~~.~
lames E. Wilson
Statc-Ccrtified General Appraisei'
License No. RZ-0002164
J W /kc
G:\LP.TffiR~f(rph3n wpd
COLDWell
BAN~eR ~
12M Wffnt: ~TRr::H. ..n. IllJ
lCF.V \\' L~l'. FI. 33010
Bl:~ (W5) 1.96.7727
TOll HtEE (1100) ~.7717
FAX (:SO't) N4.tIOO9
L.MAII. sd\w.lunkfGbc:lknuflll1fl
Wtl\~Ilr:: Rr.31F."';l[f."'Il(il1aKcy~.cnm
SCHMITT
REAL ESTATE CO.
Date:
09 .02.04
TO:
Lynn Kephart
FROM: Curtis Skomp, CCIM
RE: Office Rents
A tenant can expecllo pay in an off Duval, Old Town ofJice space 3ppTOX. $24/S.F. 10
S27/S.F. for a gross lease. This would include base rent and all triple net expenses.
Any questiolls, please call an.y time
cr
E=-:h Olflce Is Independently Owned And Ol1l\rmed.
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