HomeMy WebLinkAboutAgreement_General_07/23/2009-~ FLAGLER
DEVELOPMENT GROUP
Ju 23, 2009
Mr. Michael Couzzo, Village Manager
Village of Tequesta
345 Tequesta Drive
Tequesta, FL 33469
Re: Real Estate Lease {File#281-1-2b) dated 7/11/2006 by and between Florida East Coast Railway,
L.L.C., as Lessor ("Lessor") and Village of Tequesta, as Lessee ("Lessee")
Dear Mr. Couzzo,
We are writing to inform you that the terms of the referenced Lease provide you the option to renew the
Lease for an additional 12-month period {the "Renewal Term"), provided you notify the Lessor prior to
the end of the current term. To expedite your exercise of this option, we have provided below a place
for you to acknowledge exercising this option by returning a signed copy of this letter.
If you choose to exercise your option, your Lease will be xenewed effective July 11, 2009 and extend
through July 10, 2010. Also, in accordance with Section 2, the rental rate for the term immediately
preceding the Renewal Term will be increased by 5%; therefore your new annual rental rate for the
Renewal Term will be $7,560, plus all sales or use taxes levied by any governmental body for the use or
occupancy of the Leased Premises. All other terms and conditions of the Lease shall continue to be in
effect during the Renewal Term. In anticipation of your renewal, you will be receiving an invoice for
the Renewal Term.
If you do not intend to exercise your option to renew this Lease, please do not return a copy of this letter
and instead please refer to the provisions of Paragraphs 13 and 14 of your Lease which advise you of
your obligations and requirements for cancellation.
Please return. a copy of this letter signed and dated below, acknowledging and exercising your option to
renew the Lease, to my attention at the address written below. In addition, please forward an updated
Insurance Certificate for our file.
If you have any questions, please contact me at 904-565-4135.
Sincerely,
---'r--
~..
Sharon Toomey
Lease Manager -Land Mara t
/tlm -encl.
A
This ~___day of ~ 2009
By: ~ ((//
Print Name and Title
~` -
io15~ Deerwood Park Boulevard I building loo I Suite 33o I Jacksonvi e, FL 3225 rEC goo) 565-4ioo I F,ax o4) 565-4144 I www.flaglerdev.com
~ ~~ FLAGLER
DEVELOPMENT GROUP
Ju ~ 23, 2009
Mr. Michael Couzzo, Village Manager
Village of Tequesta
345 Tequesta Drive
Tequesta, FL 33469
Re: Real Estate Lease (File#281-1-2b) dated 7/11/2006 by and between Florida East Coast Railway,
L.L.C., as Lessor ("Lessor") and Village of Tequesta, as Lessee (``Lessee")
Dear Mr. Couzzo,
We are writing to inform you that the terms of the referenced Lease provide you the option to renew the
Lease for an additional 12-month period (the "Renewal Term"), provided yo:; notify trc Lesser prior to
the end of the current term. To expedite your exercise of this option, we have provided below a place
for you to acknowledge exercising this option by returning a signed copy of this letter.
If you choose to exercise your option, your Lease will be renewed effective July 11, 2009 and extend
through July 10, 2010. Also, in accordance with Section 2, the rental rate for the term immediately
preceding the Renewal Term will be increased by 5%; therefore your new annual rental rate for the
Renewal Term will be $7,560, plus all sales or use taxes levied by any governmental body for the use or
occupancy of the Leased Premises. All other terms and conditions of the Lease shall continue to be in
effect during the Renewal Term. In anticipation of your renewal, you will be receiving an invoice for
the Renewal Term.
If you do not intend to exercise your option to renew this Lease, please do not return a copy of this letter
and instead please refer to the provisions of Paragraphs 13 and 14 of your Lease which advise you of
your obligations and requirements for cancellation.
Please return a copy of this letter signed and dated below, acknowledging and exercising your option to
renew the Lease, to my attention at the address written below. In addition, please forward an updated
Insurance Certificate for our file.
If you have anv questions, please contact me at 904-565-4135.
Sincerely,
~~
Sharon Toomey
Lease Manager -Land Mana t
/tlm -encl.
ACKNOWLEllGED AND ACCEPTED:
This day of 2009
By:
Print Name and Title
ioi5i Deerwood Park Boulevard Building ioo ~ Suite 33o I Jacksonville, F~ 3zz66 I Tee (904) 565'4ioo FAX 19o4I 565-444 www.flaglerdev.com