HomeMy WebLinkAboutAgreement_General_06/26/2012 FLAGLER
June 18, 2012
Village of Tequesta
345 Tequesta Drive
Tequesta, FL 33469
Re: Real Estate Lease (File #281 -1 -2b) dated 7/11/2006 by and between FDG Flagler Station II LLC,
as Lessor ( "Lessor ") and Village of Tequesta, as Lessee ( "Lessee ")
Dear Sir or Madam:
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 renewed effective July 11, 2012 and extend through July 10,
2013. 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 $8,752.00, 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.
If you have any questions, please contact me at 904 - 565 -4135.
Sincerely,
Sharon Toomey
Lease Manager- Land Management
/tlm
ACKNOWLEDGED AND ACCEPTED:
Village of Tequesta
This " day of Z"' C- 2012
By:
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4601 Touchton Road East /Building 300 /Suite 3200 /Jacksonville, FL 32246
Tel (904) 565 -4100 / Fax (904) 565 -4148 / www.flaglerdev.com