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<br />LEASE AGREEMENT
<br />
<br />RIOHT OF WAY
<br />05103
<br />PaRe 1 01 5
<br />
<br />THIS AGREEMENT, made this IS day of
<br />OF FLORIDA DEPARTMENT OF TRANSPORTATION, (hereinafte
<br />17070 Collins Avenue, Suite 250, Sunny Isles Beach, Florida 33160
<br />(hereinafter called the Lessee.)
<br />
<br />
<br />ITEM/SEGMENT NO.: 2490471
<br />
<br />MANAGING DISTRICT: SIX
<br />FAP. NO,: N1A
<br />STATE ROAD NO.: 826 Causeway Bridge
<br />COUNTY,: Miami-Dade
<br />
<br />PARCEL NO.: 6075
<br />
<br />,CPtf1E , by and between the STATE
<br />CITY OF SUNNY ISLES BEACH,
<br />
<br />WITNESSETH:
<br />
<br />In consideration of the mutual covenants contained herein, the parties agree as follows:
<br />
<br />1, Prooertv and Term. Lessor does hereby lease unto Lessee the property described in Exhibit "A", attached and made a part
<br />hereof, for a term of FIVE YEARS beginning 7/1/2003 and ending 6/3012008 . This
<br />Lease may be renewed for an additional FIVE YEARS term at Lessee's option, subject to the rent adjustment as
<br />provided in Paragraph 3 below, Lessee shall provide Lessor One Hundred Twenty {120} days advanced written notice
<br />of its exercise of the renewal option.
<br />
<br />If Lessee holds over and remains in possession of the property after the expiration of the term specified in this Lease, or any
<br />renewals of such term, Lessee's tenancy shall be considered a tenancy at sufferance, subject to the same terms and conditions as
<br />herein contained in this Lease,
<br />
<br />~
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<br />This Lease is subject to all utilities in place and to the maintenance thereof as well as any other covenants, easements,
<br />or restrictions of record,
<br />
<br />This Lease shall be construed as a lease of only the interest, if any, of Lessor, and no warranty of title shall be deemed
<br />to be given herewith.
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<br />2. Use, The leased property shall be used solely for the purpose of PARKING AND MAINTENANCE OF AREA
<br />If the property is used for any other purpose, Lessor shall have the option of immediately terminating this Lease.
<br />Lessee shall not permit any use of the property in any manner that would obstruct or interfere with any transportation facilities,
<br />
<br />Lessee will further use and occupy the leased property in a careful and proper manner, and not commit any waste thereon. Lessee
<br />will not cause, or allow to be caused, any nuisance or objectionable activity of any nature on the property, Lessee will not use or
<br />occupy said property for any unlawful purpose and will, at Lessee's sole cost and expense, conform to and obey any present or future
<br />ordinances and/or rules, regulations, requirements, and orders of governmental authorities or agencies respecting the use and
<br />occupation of the leased property,
<br />
<br />Any activities in any way involving hazardous materials or substances of any kind whatsoever, either as those terms may be
<br />defined under any state or federal laws or regulations, or as those terms are understood in common usage, are specifically prohibited.
<br />The use of petroleum products, pollutants, and other hazardous materials on the leased property is prohibited, Lessee shall be held
<br />responsible for the performance of and payment for any environmental remediation that may be necessary, as determined by the
<br />Lessor, within the leased property. If any contamination either spread to or was released onto adjoining property as a result of
<br />Lessee's use of the leased property, the Lessee shall be held similarly responsible, The Lessee shall indemnify, defend, and hold
<br />harmless the Lessor from any claim, loss, damage, costs, charge, or expense arising out of any such contamination.
<br />
<br />3, Rent. Lessee shall pay to Lessor as rent, on or before the first day of each rent payment period, the sum of
<br />One Dollar plus tax, for each Year of the term. If this Lease is
<br />terminated prior to the end of any rent payment period, the unearned portion of any rent payment, less any other amounts that may be
<br />owed to Lessor, shall be refunded to Lessee. Lessee shall pay any and all state, county, city, and local taxes that may be due during
<br />the term hereof, including any real property taxes, Rent payments shall be made payable to the Department of Transportation
<br />and shall be sent to FOOT, Property Management Section Rm 6118,1000 NW 111 Avenue, Miami FL 33172
<br />, Lessor reserves the right to review and adjust the rental fee biennually
<br />and at renewal to reflect market conditions, Any installment of rent not received within ten (10) days after the date due
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