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HomeMy WebLinkAboutDocumentation_Regular_Tab 10_07/10/2014 VILLAGE CLERK'S OFFICE AGENDA ITEM TRANSMITTAL FORM Meeting Date: Meeting Type: Regular Ordinance #: 7/10/14 Consent Agenda: No Resolution #: Originating Department: Legal / Brad Gomberg ' �' • � • • C - • • -�� Approval of Verizon Cell Tower Agreement for 901 North Dixie Hwy (Water Treatment Plant) : , , . .. Account #: Amount of this item: Ool -000- 3�02. �r � Current Budgeted Amount Available: Amount Remaining after item: Budget Transfer Required: Chaose an Appropriate Fund Balance: Choose an item. i�:F�t"i ' • � •' • � . -� . Department Head Legal and Brad Gomberg ��-�, --�- �- -"- ` Finance Director or Representative l Reviewed for Financial Sufficiency ❑ No Financial Impact ❑ Attorney: (for legal sufficiency) Village Manager: � Submit for Council Discussion: � Approve Item: ❑ Deny Item: � ' � • •' • • - .• -- - • -• •- - • •- - •- • •• - � • -• . • • . - • • Form Amended: 3/14/14 ��� ��'��� ����., �.;�� ATTORNEYS AT LAW I 111 Hypolwzo Road, Suite 207 o��v/`�„a�iu� �� ,�3�62 JOHN CORBETT TEI.EPHONE (561) 586-7116 TRELA J. WHITE 7'ELECOPIER (561) 586-9611 KE1TH W. DAVIS' R. MAX LOHMAN * Board Certified in City, County and Local Govemment Law ABIGAIL FORRESTER JORANDBY JENNIFER GARDNER ASHTON "*AICP, LEED AP ERIN L. DEADY, P.A., Of Counsel*'� TO: Village Manager Couzzo FROM: Village Attorney Davis DATE: July 2, 2014 RE: Verizon Lease Agreements — Bridge Road and Old Dixie Sites On June 27, 2014, after lengthy and detailed discussions that occurred over the past several months with legal counsel for Verizon Wireless, and with the significant technical assistance of Brad Gomberg, I provided you with two Lease Agreements as referenced above. Specifically, a ground lease for the Bridge Road cell tower site (Verizon is separately contracting with American Tower for tower space at this site), and a ground/tower lease for the Old Dixie Highway cell tower site. The agreements provide the Village with annual revenue starting at $36,000.00 each, escalating annually throughout the term of the agreements. The ground lease has an initial term of 10 yeazs, to coincide with Verizon's tower lease with American Tower. The groundltower lease has an initial term of 5 years. Both Lease Agreements, as is customary in cell tower agreements, provide for renewals that are self-executing. Both Lease Agreements provide for 4 additional ea�tension terms of 5 years each. Also, as is customary in cell tower agreements, both Lease Agreements provide Verizon with the ability to terminate under certain circumstances. While the Lease Agreements allow the Village to terminate as well, in the event of a breach and failure to cure, they do not include a termination "for convenience" provision. Although this type of termination clause is customary in many agreements that the Village enters into, they are not typical in cell tower agreements. The reason that they aze not typical is that the provider (Verizon in this case) invests significant capital resources in installing their equipment and creating their network. Additionally, if the Village ha.d. the ability to ternLate the Lease Agreements for no particular reason, there would 1 be potential for disruption to the provider's network tha.t would exceed any benefit to their locating at the particular site in the first place. An added complica.tion with the Bridge Road site is that the ground lease with the Village and the tower lease with American Tower are dependent on each other. One is pointless without the other, making a termination for convenience provision even more problematic. I also note that all current cell tower agreements to which the Village is a party (ma.ny pre- da.ting my firm's representa.tion of the Village, and some from as recent as 2009) contain similar termination provisions, as do previous agreements that are no longer in effect. Beyond that, I have looked at cell tower agreements in other jurisdictions and also find termination language that has the same effect as that contained in our proposed Verizon agreements. It is my understanding tha.t one Village depariment head has ra.ised concern.s, and disagrees with the absence of a"termination for convenience" provision in the proposed. Verizon agreements. The argument made to me regazding the termination provisions was that if, in the future, the state of the industry changes such that the Village might be able to get a better dea1, we would not be able to termi.nate our agreement with Verizon for convenience, in order to try and get a new tenant and more revenue. In response, I wonder what potential new tena.nt would want to subject themselves to similar treatment (being terminated for convenience), at greater expense. Further, I reiterate my position regarding these documents: A great deal of time and effort has gone into crea.ting them. They are legally sufficient beyond question and they provide the Village with a handsome revenue stream for a significant aumber of years. The termination provisions are customary for this type of agreement, and have consistently been adopted and approved by the Village, to my knowledge, without the objections now being raised. Despite the foregoing, I have reached out to legal counsel for Verizon regazding this issue. He has verified everything that I have previously discussed with you, as I ha.ve now memorialized in this Memoraxidum. Verizon will not enter into agreements with the Village if we insist on the type of termination provision that is desired by the complaining department head. Verizon's reasons are as stated above. It is my opinion that I have provided two lease agreements that benefit the Village; both of which are legally su�cient and both of which contain favora.ble terms and conditions. I specifically advise against pushing the issue that has been raised regardi.ng termination provisions contained in the agreements. 2 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 LAND AND TOWER LEASE AGREEMENT This Agreement, made this day of , 2014, between The Village of Tequesta, Florida, a municipal corpora.tion with its principal offices located at 345 Tequesta Drive, Tequesta, Florida 33469, hereinafter designated LESSOR, and Verizon Wireless Personal Communications LP d/b/a Verizon Wireless, a Delaware limited parlaership, with its principal office located at One Verizon Way, Mail Stop 4AW100, Basking Ridge, New Jersey 07920 (telephone number 866-862-4404), hereinafter designated LESSEE. The LESSOR and LESSEE are at times collectively referred to hereinafter as the "Parties" or individually as the "Part�'. WI�REAS, LESSOR owns the Property located at 901 Old Dixie Highway, Tequesta, Florida 33469 which contains, among other thi.ngs, an e�cisting equipment shed a.nd a communications tower; and WHEREAS, LESSEE desires to lease ground space comprised of portions of LESSOR'S property located at 901 Old Dixie Highway, Tequesta, Florida 33469, including the existi.ng equipment shed, as well as space on the communications tower, from LESSOR in connection with the provisions of communications services. NOW, TI�REFORE, in consideration of the mutual covenants herein set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1. PREMISES AND TOWER SPACE. LESSOR hereby leases to LESSEE a portion of that certain parcel of property (the entirety of LESSOR's property is referred to hereinafter as the "Propert�') located at 901 N. Old Dixie Highway, Tequesta, Florida 33469, and being described as a three hundred (300) square foot parcel of ground space, includi.ng the existing equipment shed located thereon (the "Land Space"), together with the non-exclusive right (the "Rights of Way") for ingress and egress, seven (7) days a week twenty-four (24) hours a day, on 1 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 foot or motor vehicle, including trucks, over the Properiy extending from the nearest public right-of-way to the Land Space, as specified below, for the use and maintena.nce of the existing equipment shed, and for the installation, use and maintena.nce of utility wires, poles, cables, conduits, and pipes over, under, or along the Land Space. LESSOR also leases to LESSEE a portion of LESSOR'S existing communications tower (the "Tower") located on the Properry, in order for LESSEE to erect, operate and maintain communications antennas thereon. LESSEE shall have the right to locate up to six (6) antennas on the Tower. Notwithstanding a.nything in this Agreement to the contrary, the parties acknowledge and agree that Exhibit B(as is hereafter defined) depicts the exact location of LESSEE's initial installation of three (3) antennas on the Tower space, but that the exact location of the entirety of the Tower space as may be used for up to three (3) future antennas may not be shown on Exhibit B but is nonetheless included in leased Tower space. LESSEE may install up to three (3) additional antennas, at approlcimately the same height levels identified in Exhibit B, for a total of six (6) antennas upon subsequent application to LESSOR for same, as specified in Paragraph 9 below. Notwithstanding anything contained herein, LESSOR shall maintain exclusive ownership of the Tower and has the exclusive right to rent, lease or license all other space on the Tower to third parties and to collect the rent from any such leases or licenses. The Land Space, Rights of Way, and Tower space leased to LESSEE aze hereinafter refened to as the "Premises" and is more particularly described in Exhibit "A" attached hereto and made a part hereof. The Property is likewise described herein in Exhibit "A" attached hereto and made a part hereof. A site sketch depicting the location of the tower, LESSEE'S antennas thereon, and the equipment shelter is attached hereto as Exhibit "B". 2. ACCESS. LESSEE shall have access to Premises seven (7) da.ys a week twenty- four (24) hours a day. Notwithstanding the foregoing, LESSEE shall give LESSOR'S plant operator 24 hours advance notice prior to accessing the Tower at (561)-575-6235 during business hours (8:00 a.m. - 5:00 p.m. Monday through Friday), and (561)-262-4326 after hours, except in the case of an emergency. LESSEE shall comply with all reasonable security procedures esta.blished by LESSOR to prevent unauthorized access to the Premises and the Property 2 LESSEE Site I.D.: Tequesta. Flag Pole, Site No. 68510 generally. LESSOR and LESSEE shall each designate emergency conta.ct personnel to notify in case of an emergency requiring access to the Premises. LESSOR reserves the right to enter the Premises at any time to visually inspect the Premises and/or Tower or to show the Premises and /or Tower to prospective licensees, lenders, or purchasers. 3. SURVEY. LESSOR also hereby grants to LESSEE the right to survey the Property, and the Premises, and sa,id survey shall then become Exhibit "C" which shall be attached hereto and made a part hereof, and shall control in the event of boundary and access discrepancies between it and Exhibit "A". Cost for such work shall be bome by LESSEE. 4. TERM; RENTAL. This Agreement shall be effective as of the date of execution by both Parties, provided, however, the initial term shall be for five (5) years and shall commence on the Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due annually at a rental of Thirty Six Thousand and 00/100 Dollars ($36,000.00) to be paid on the Commencement Date, and each annual anniversary of the Commencement Date, in advance, to LESSOR or to such other person, fum or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph 24 below. The Agreement shall commence based upon the date LESSEE is granted a building permit by the governmental agency chazged with issuing such permits, or the date of execution of the Agreement by the Parties, whichever is later. In the event the date at which LESSEE is granted a building perm.it or the date of execution of the Agreement, whichever is applicable, falls between the 1�` and 15�' of the month, the Agreement shall commence on the l st of that month and if such date falls between the 16�' and 31 �` of the month, then the Agreement shall commence on the 1�` day of the following month (either the "Commencement Date"). LESSOR and LESSEE acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE until thirty (30) days after the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1, LESSEE shall send to the LESSOR the first annual rental payment by February 1. 3 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 a. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer and in such event, LESSOR agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. b. LESSOR hereby agrees to provide to LESSEE, in conjunction with the execution of this Agreement, certain documentation (the "Rental Documentation") evidencing LESSOR's interest in, and right to receive payments under, this Agreement, including without limitation: (i) documentation, acceptable to LESSEE in LESSEE'S reasonable discretion, evidencing LESSOR'S good and sufficient title to and/or interest in the Property and right to receive rental payments and other benefits hereunder; (ii) a complete and fully executed Internal Revenue Service Form W-9, or equivalent, in a form acceptable to LESSEE, for any party to whom rental payments aze to be made pursuant to this Agreement; and (iii) other documentation necessary for evidencing LESSOR'S interest in, or right to receive rental payments and other benefits hereunder, requested by LESSEE in LESSEE'S reasonable discretion. From time to time during the Term of this Agreement and within thirty (30) days of a written request from LESSEE, LESSOR agrees to provide upda.ted Rental Documentation in a form reasonably acceptable to LESSEE. The Rental Documentation shall be provided to LESSEE in accorda.nce with the provisions of and at the address given in Paragraph 24. c. Delivery of Rental Documenta.tion to LESSEE shall be a prerequisite for the payment of any rent by LESSEE and notwithstanding anything to the contrary herein, LESSEE shall have no obligation to make any rental payments until Rental Documentation has been supplied to LESSEE as provided herein; provided, however, in the event any amounts which would otherwise be due have not been paid by LESSEE due to the absence of Rental Documentation, such amounts shall be paid to LESSOR by LESSEE within forty-five (45) days of the delivery of Rental Documentation to LESSEE. d. Within fifteen (15) days of obtaining an interest in the Property or this Agreement, any assignee(s), transferee(s) or other successor(s) in interest of LESSOR shall provide to LESSEE Rental Documentation in the manner set forth in the preceding paragraph. From time to time during the Term of this Agreement and within thirty (30) days of a written request from LESSEE, any assignee(s) or transferee(s) of LESSOR agrees to provide upda.ted 4 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 Rental Documentation in a form reasonably acceptable to LESSEE. Delivery of Rental Documentation to LESSEE by any assignee(s), transferee(s) or other successor(s) in interest of LESSOR shall be a prerequisite for the payment of any rent by LESSEE to such pa.rty and notwithstanding anything to the contrary herein, LESSEE shall have no obligation to make any rental payments to any assignee(s), transferee(s) or other successor(s) in interest of LESSOR until Rental Documentation has been supplied to LESSEE as provided herein; provided, however, in the event any amounts which would otherwise be due have not been paid by LESSEE due to the absence of Rental Documentation, such amounts shall be paid to LESSOR, or any assignee(s), transferee(s) or other successor(s) in interest of LESSOR, as applicable, by LESSEE within forty-five (45) days of the delivery of Rental Documentation to LESSEE. 5. EXTENSIONS. This Agreement shall automatically be extended for four (4) additional five (5) year terms unless LESSEE terminates it at the end of the then current term by giving LESSOR written notice of the intent to terminate at least six (6) months prior to the end of the then current term. 6. EXTENSION RENTALS. For purposes of this Paragraph 5, a"Lease Year" shall be defined as the twelve-month period which commences on the Commencement Date or annual anniversary thereof, as applicable, and end on the day immediately preceding the next successive anniversary of the Commencement Date. Commencing on the first annual anniversary of the Commencement Date and on each annual anniversary thereafter during the Term of this Agreement (including all extension terms), the annual rental fee shall increase by the greater of :(i) an amount equal to four percent (4%) of the monthly rental fee due for the immediately preceding Lease Year, or (ii) an increase determined by a formula as follows: Renewal Rent =(Basic Rent)+((IlZ-IL)/II, X Basic Rent) Definitions: IR is the Consumer Price Index for the month which is three (3) months immediately 5 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 preceding the month in which the second Lease Year and each succeeding Lease Year commence. IL is the Consumer Price Index for the month which is three 3 months immediately preceding the month in which this Agreement commenced. "Consumer Price Index" shall mean the Consumer Price Index published by the Bureau of Labor Statistics of the United States Deparl�ment of La.bor for Urban Wage Earners and Clerical Workers for All Items (CPI V� U.S. City avera.ge or shall mean the successor thereto. In the event the Consumer Price Index is converted to a different standard reference base or otherwise revised, the determination of the rent for the second Lease Year and each succeeding Lease Year shall be made with the use of such conversion factor, formula or table for converting the Consumer Price Index as may be published by the Bureau of Labor Sta.tistics, or if the Bureau should fail to publish the same, then with the use of such conversion factor, formula or table for converting the Consumer Price Index as may be published by any nationally recognized publisher of similar sta.ristical information. If the Consumer Price Index ceases to be published and there is no successor thereto, such other index as LESSOR and LESSEE may agree upon shall be substituted for the Consumer Price Index, and if they are unable to agree, then such matter shall be submitted to arbitration in accordance with the then existing commercial rules of arbitration of the American Arbitra.tion Association at the American Arbitration Association office nearest the LESSEE. 7. ADDTTIONAL EXTENSIONS. If at the end of the fourth (4th) five (5) year extension term this Agreement has not been term.i.nated by either Party by giving to the other written notice of an intention to terminate it at least three (3) months prior to the end of such term, this Agreement shall continue in force upon the same covena.nts, terms and conditions for a fiuther term of five (5) years and for five (5) year terms thereafter until terminated by either Party by 6 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 giving to the other written notice of its intention to so terminate at least three (3) months prior to the end of such term. Annual rental for each such additional five (5) yeaz term shall be calculated pursuant to Paragraph 6 above. The initial term and all extensions shall be collectively referred to herein as the "Term". 8. TAXES. LESSEE shall have the responsibility to pay any personal property, real estate taxes, assessments, or charges owed on the Property which LESSOR demonstrates is the result of LESSEE'S use of the Premises and/or the insta.11ation, maintenance, and operation of the LESSEE'S improvements, and any sales tax imposed on the rent (except to the extent that LESSEE is or may become exempt from the payment of sales tax in the jurisdiction in which the Property is located), including any increase in real estate taxes at the Property which LESSOR demonstrates arises from the LESSEE'S improvements and/or LESSEE'S use of the Premises. LESSOR and LESSEE shall each be responsible for the payment of any taxes, levies, assessments and other charges imposed including franchise and similar taxes imposed upon the business conducted by LESSOR or LESSEE at the Property. Notwithsta.nding the foregoing, LESSEE shall not have the obligation to pay any tax, assessment, or charge that LESSEE is disputi.ng in good faith in appropriate proceedings prior to a final determination that such tax is properly assessed provided that no lien attaches to the Properiy. Nothing in this Pazagraph sha.11 be construed as making LESSEE liable for any portion of LESSOR'S income taxes in connection with any Property or otherwise. Except as set forth in this Paragraph, LESSOR shall have the responsibility to pay any personal property, real estate taxes, assessments, or charges owed on the Property and shall do so prior to the imposition of any lien on the Property. LESSEE shall have the right, at its sole option and at its sole cost and expense, to appeal, challenge or seek modification of any tax assessment or billing for which LESSEE is wholly or partly responsible for payment. LESSOR shall reasonably cooperate with LESSEE at LESSEE'S expense in filing, prosecuting and perfecting any appeal or challenge to ta.xes as set forth in the preceding sentence, including but not limited to, executing any consent, appeal or other similar document. In the event that as a result of any appeal or challenge by LESSEE, there is a reducrion, credit or repayment received by the LESSOR for any taxes previously paid 7 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 by LESSEE, LESSOR agrees to promptly reimburse to LESSEE the amount of said reduction, credit or repayment. In the event that LESSEE does not have the standing rights to pursue a good faith and reasonable dispute of any taxes under this paragraph, LESSOR will pursue such dispute at LESSEE'S sole cost and expense upon written request of LESSEE. 9. USE; GOVERNMENTAL APPROVALS. LESSEE shall use the Premises for the piupose of constructing, maintaining, repairing and operating a communications facility and uses incidental thereto. LESSEE shall maintain, at its sole cost and expense, its equipment in good condition, reasonable wear and tear excepted. All work performed on the Premises shall be performed by licensed contractors specializing in such work, shall be performed in a good and worl�anli.ke manner, and sha.11 be prosecuted to completion in accorda.nce with the plans, specificarions and issued permits. Any damage caused to the Property, including the Premises, due to the acts or omissions of LESSEE or its agents, contractors or employees, shall be repaired by LESSEE at LESSEE'S sole cost and expense, excepti.ng normal wear and tear and casualTy damage. LESSEE shall, prior to any use of the Premises, relocate the existing generator located on the Premises to a location depicted in Exhibit B or any location mutually agreed upon between the parties. LESSEE shall have the right to replace, repair, or othervvise modify its utilities, equipment, antennas and/or conduits or any portion thereof and the frequencies over which the equipment operates, whether the equipment, antennas, conduits or frequencies are specified or not on any exhibit attached hereto, during the Term. With respect to Lessee's ground space, the equipment specified in Exhibit B may be repaired, replaced or added to by Lessee without Lessor's consent, provided Lessee does not use any space beyond that which is designated in Section 1(c) above. However, with respect to LESSEE space on the Tower, LESSEE shall not at any ti.me construct or install any additional antennas or equipment or make any improvements, additions, modifications or alterations other than those approved by LESSOR, without the written consent of LESSOR, which will not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, LESSEE acknowledges that the appearance of the Tower and its compatibility 8 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 with the surrounding areas is a significant and major concern of LESSOR. The equipment shelter shall be landscaped, fenced and secured by, and at the sole expense of, the LESSEE using an eight foot high security fence and vegetation approved by the LESSOR LESSOR grants LESSEE any additional ground space necessary to comply with the landscaping, fencing and security requirements above. Addirionally, LESSOR shall have the sole and exclusive discretion to approve or deny a request for the insta.11ation of additional equipment and/or antennas located on LESSEE's Tower space, based solely on aesthetics. In no event shall LESSEE be permitted to make changes or modifications which: (i) expand or materially change or alter the LESSEE'S use of the Premises; (ii) a.re installed outside of the boundaries of the Premises; or (iii) may otherwise adversely affect the structure or appearance of the Premises or Tower. Whenever LESSEE desires to ma.ke alterations, improvements, modifications, additions or other changes to the equipment or antennae on LESSEE's Tower space, designated on Exhibit B, then LESSEE, prior to making said changes, shall provide LESSOR with plans and specifications which fully describe the equipment and/or antennae to be installed. The plans and specifications shall be reviewed by LESSOR and approved prior to the commencement of any proposed changes or improvements. After LESSOR'S approval of the plans and specifications, an updated Exhibit B to this Agreement shall be prepared by LESSEE and signed by both LESSOR and LESSEE; thereafter, LESSOR and LESSEE shall amend the Agreement to substitute the updated Exhibit B for the prior Exhibit B. It is understood and agreed that LESSEE'S ability to use the Premises is contingent upon its obtaining after the execution date of this Agreement all of the certificates, permits and other approvals (collectively the "Governmental Approvals") that may be required by any Federal, State or Local authorities as well as satisfactory soil boring tests and structural analysis which will permit LESSEE use of the Premises as set forth ahove which will permit LESSEE use of the Premises as set forth above. LESSOR shall cooperate with LESSEE in its effort to obtain such approvals and shall take no action which would adversely affect the status of the Property, including the Premises, with respect to the proposed use thereof by LESSEE. In the event that (i) any of such applications for such Governmental Approvals should be finally rejected; (ii) any Governmental Approval issued to LESSEE is canceled, expires, lapses, or is otherwise 9 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 withdrawn or terminated by governmental authority; (iii) LESSEE determines that such Governmental Approvals may not be obtained in a timely manner; (iv) LESSEE determines that any soil boring tests or structural analysis is unsatisfactory; (v) LESSEE determines that the Premises is no longer techn.ically compatible for its use, or (vi) LESSEE, in its sole discretion, determines that the Premises is obsolete or unnecessary, LESSEE shall have the right to terminate this Agreement. Notice of LESSEE's exercise of its right to termi.nate shall be given to LESSOR in writing by certified mail, return receipt requested, and shall be effective upon the mailing of such notice by LESSEE, or upon such later date as designated by LESSEE. All rentals paid to said termination date shall be retained by LESSOR Upon such termination, this Agreement shall be of no fiuther force or effect except to the extent of the representations, wamanties and indemnities made by each Party to the other hereunder. Othervvise, the LESSEE shall have no fiu�ther obligations for the payment of rent to LESSOR 10. IlVDEMNIFICATION. Each Party shall indemnify and hold the other harmless against any claim of liability or loss from personal injury or property damage resulting from or arising out of the negligence or willful misconduct of the indemnifying Party, its employees, contractors or agents, except to the extent such claims or damages may be due to or caused by the negligence or willful misconduct of the other Party, or its employees, contractors or agents. Notwithstanding anything in this Agreement to the contrary, LESSOR'S liability shall be limited by the statutory amounts set forth in SEC. 768.28, Flof-ida Statutes, including the limits regarding attomey's fees. Nothing contained in this Agreement shall be construed as a waiver of LESSOR's sovereign immunity beyond the waivers set forth in Sec. 768.28, Florida Statutes. 1Vothing conta.ined in this Agreement shall be construed as LESSOR'S consent to be sued. 11. INSURANCE. LESSOR shall, at its own cost and expense, maintain broad form property insurance of at least One Million Dollars ($1,000,000.00). At its sole discretion, LESSOR may be self-insured for such coverage. LESSEE shall, at its own cost and expense, maintain commercial general liability insurance with limits not less than $1,000,000 for injury to or death of one or more persons in any one occurrence and $500,000 for damage or destruction to property in any one occurrence. LESSEE shall include LESSOR as an additional insured. 10 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 12. LIMITATION OF LIABILITY. Except for indemnification pursuant to Paragraphs 10 and 30, neither Parry shall be liable to the other, or any of their respective agents, representatives, employees for any lost revenue, lost profits, loss of technology, rights or services, incidenta.l, punirive, indirect, special or consequential damages, loss of data, or interruption or loss of use of service, even if advised of the possibility of such damages, whether under theory of contract, tort (including negligence), strict liability or otherwise. Notwithstanding anything in this Agreement to the contrary, LESSOR'S liability shall be limited by the statutory amounts set forth in SEC. 768.28, Florida Statutes, including the limits regarding attomey's fees. Nothing contained in this Agreement shall be construed as a waiver of LESSOR's sovereign immunity beyond the waivers set forth in Sec. 768.28, Flo�ida Statutes. Nothing contained in this Agreement shall be construed as LESSOR'S consent to be sued. 13. ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided LESSEE is not in default hereunder beyond applicable notice and cure periods, LESSEE shall have the right to terminate this Agreement upon the annual anniversary of the Commencement Date provided that six (6) months prior notice is given to LESSOR. In the event LESSEE chooses to terminate the Agreement pursuant to this section, it shall pay to LESSOR a termination fee equal to three (3) times the preceding month's rent. 14. INTERFERENCE. LESSEE agrees to install equipment of the type and frequency which will not adversely affect or cause harmful interference which is measurable in accordance with then existing industry standards to any equipment of LESSOR or other lessees of the Property which equipment existed on the Property prior to the date this Agreement is executed by the Parties. In the event any after-installed LESSEE'S equipment causes such interference, and after LESSOR has notified LESSEE in writing of such interference, LESSEE will take all commercially reasonable steps necessary to correct and eliminate the interference, including but not limited to, at LESSEE'S option, powering down such equipment and later powering up such equipment for intermittent testing. In no event will LESSOR be entitled to terminate this Agreement or relocate the equipment as long as LESSEE is making a good faith effort to remedy 11 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 the interference issue. LESSOR agrees that LESSOR and/or any other tenants of the Properiy who currently have or in the future take possession of the Property will be permitted to install only such equipment that is of the type and frequency which will not adversely affect or cause harmful interference which is measurable in accordance with then existi.ng industry standards to the then existing equipment of LESSEE. The Parties acknowledge that there will not be an adequate remedy at law for noncompliance with the provisions of this Paragraph and therefore, either Party shall have the right to equitable remedies, such as, without limitation, injunctive relief and specific performance. 15. TOWER COMPLIANCE. LESSOR covenants that it will keep the Tower in good repair as required by all Laws (as defined in Paragraph 35 below). The LESSOR shall also comply with all rules and regulations enforced by the Federal Communications Commission with regard to the lighting, marking and painting of towers. If the LESSOR fails to make such repairs including maintenance the LESSEE may make the repairs and the costs thereof shall be payable to the LESSEE by the LESSOR on demand together with interest thereon from the date of payment at the greater of (i) ten percent (10%) per annum, or (ii) the highest rate perm.itted by applicable Laws. If the LESSOR does not make payment to the LESSEE within ten (10) days after such demand, the LESSEE shall have the right to deduct the costs of the repairs from the succeeding monthly rental amounts normally due from the LESSEE to the LESSOR. No materials may be used in the installation of the antennas or transmission lines that will cause corrosion or rust or deteriorarion of the Tower structure or its appurtenances. All antenna(s) on the Tower must be identified by a marking fastened securely to its bracket on the Tower and all transmission lines are to be tagged at the conduit opening where it enters any user's equipment space. Not later than fifteen (15) days followi.ng the execution of this Agreement, LESSOR shall supply to LESSEE copies of all structural analysis reports that have been done, if any, with 12 LESSEE Site I.D.: Tequesta. Flag Pole, Site No. 68510 respect to the Tower and throughout the Term, LESSOR shall supply to LESSEE copies of all structural analysis reports that are done with respect to the Tower promptly after the completion of the same. 16. REMOVAL AT END OF TERM. LESSEE shall, upon expiration of the Term, or within ninety (90) days after any earlier termination of the Agreement, remove its buildi.ng(s), antennas, equipment, conduits, fixtures and all personal property and restore the Premises to its original condition, reasonable wear and tear and casualty damage excepted. The existing equipment shed is the property of LESSOR and shall not be removed except with the express written consent of LESSOR. LESSOR agrees and acknowledges that all of the equipment, conduits, fixtures and personal property of LESSEE shall remain the personal property of LESSEE and LESSEE shall have the right to remove the same at any time during the Term, whether or not said items are considered fixtures and attachments to real property under applicable Laws (as defined in Paragraph 35 below). If such time for removal causes LESSEE to remain on the Premises after termination of this Agreement, LESSEE shall pay rent at the then existing monthly rate or on the existing monthly pro-ra.ta basis if based upon a longer payment term, until such time as the removal of the buildi.ng, antenna structure, fixtures and all personal property are completed. LESSOR expressly waives all rights of levy, distraint or execution with respect to LESSEE's property, including without limitation any statutory or common law security interest or landlord's lien for rent. 17. HOLDOVER. LESSEE has no right to retain possession of the Premises or any part thereof beyond the expiration of that removal period set forth in Paragraph 16 herein, unless the Parties are negotiating a new lease or lease extension in good faith. In the event that the Parties are not in the process of negotiating a new lease or lease extension in good faith, LESSEE holds over in violation of Pazagraph 16 and this Paragraph 17, then the rent then in effect payable from and after the time of the expiration or earlier removal period set forth in Paragraph 16 shall be equal to the rent applicable during the month immediately preceding such expiration or earlier termination. 13 LESSEE Site I.D.: Tequesta. Flag Pole, Site No. 68510 18. ELECTRICAL SERVICE LESSEE shall insta.11 an electrical meter at the Premises for the measurement of electrical power used by LESSEE'S operations. LESSEE is responsible for paying the costs of such electrical usage directly to the local utility provider. If it is determined that LESSEE has consumed electrical service or other utilities which aze in addition to those metered by LESSEE'S sepazate meter, LESSOR shall have the right to invoice LESSEE for any such charges, which shall be in addition to the rent and other payments required to be made by LESSEE under this Agreement. LESSOR will not be liable for any inteiruption or stoppage of electrical service to the Premises or for any damage to persons or property resulting from that intemiption or stoppage, unless caused by the negligence or willful misconduct of LESSOR, its employees, servants or agents. 19. RIGHTS UPON SALE. Should LESSOR, at any time during the Term decide (i) to sell or transfer all or any part of the Property or the Tower thereon to a purchaser other than LESSEE, or (ii) to grant to a third party by easement or other legal instrument an interest in and to that portion of the Tower and or Property occupied by LESSEE, or a larger portion thereof, for the purpose of operati.ng and maintain.ing communications facilities or the management thereof, such sale or grant of an easement or interest therein shall be under and subject to this Agreement and any such purchaser or transferee shall recognize LESSEE'S rights hereunder under the terms of this Agreement. To the extent that LESSOR grants to a third party by easement or other legal instrument an interest in and to tha.t portion of the Tower and/or Property occupied by LESSEE for the purpose of operating and maintaining communications facilities or the management thereof and in conjunction therewith, assigns this Agreement to said third party, LESSOR shall not be released from its obligations to LESSEE under this Agreement, and LESSEE shall have the right to look to LESSOR and the third party for the full performance of this Agreement. Nothing contained in this Paragraph 18 shall in any way impact LESSOR'S right to lease additional Tower space or additional ground space on the Property which does not interfere with LESSEE'S use of the Premises, including Tower space as described in Paragraph 1. 14 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 20. QiJIET ENJOYMENT. LESSOR covenants that LESSEE, on paying the rent and performing the covenants herein, shall peaceably and quietly have, hold and enjoy the Premises. 21. TITLE. LESSOR represents and warrants to LESSEE as of the execution date of this Agreement, and covenants during the Term that LESSOR is seized of good and sufficient title and interest to the Property and has full authority to enter into and execute this Agreement. LESSOR further covenants during the Term that there are no liens, judgments or impediments of title on the Property, or affecti.ng LESSOR'S title to the same and that there are no covenants, easements or restrictions which prevent or adversely affect the use or occupancy of the Premises by LESSEE as set forth above. 22. INTEGRATION. It is agreed and understood that this Agreement contains all agreements, promises and understandings between LESSOR and LESSEE and that no verbal or oral agreements, promises or understandings shall be binding upon either LESSOR or LESSEE in any dispute, controversy or proceedi.ng at law, and any addition, variation or modification to this Agreement shall be void and ineffective unless made in writing signed by the Parties. In the event any provision of the Agreement is found to be invalid or unenforceable, such finding shall not affect the validity and enforceability of the remain.i.ng provisions of this Agreement. The failure of either Party to insist upon strict performance of any of the terms or conditions of this Agreement or to exercise any of its rights under the Agreement shall not waive such rights and such Pa.rty shall have the right to enforce such rights at any time and take such action as may be lawful and authorized under this Agreement, in law or in equity. 23. GOVERNING LAW. This Agreement and the performance thereof shall be govemed, interpreted, construed and regulated by the Laws of the Sta.te in which the Property is located. 24. ASSIGNMENT; SUBLETTING. This Agreement may be sold, assigned or transferred by LESSEE without any approval or consent of LESSOR to LESSEE's principal, 15 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 affiliates, subsidiaries of its principal or to any entity which acquires all or substantially all of LESSEE'S assets in the ma.rket defined by the Federa.l Communications Commission in which the Property is located by reason of a merger, acquisition or other business reorganization. As to other parties, this Agreement may not be sold, assigned, subleased or transferred without the written consent of LESSOR, which such consent will not be unreasonably withheld, delayed or conditioned. No change of stock ownership, partnership interest or control of LESSEE or transfer upon partnership or corporate dissolution of LESSEE shall constitute an assignment hereunder. The parties expressly understand and agree that LESSOR shall have the sole and exclusive right to lease additional space on the Tower and on the Property for the installation of additional antennas, cables and equipment. All rent or other compensation derived from the rent of additional Tower and/or Property space shall belong exclusively to LESSOR, and LESSEE shall have no rights or claims to any such revenues. The sale, assignment, subletting or transferring of any rights or space conferred hereunder in violarion of the terms of this Pazagraph 23 shall constitute a material breach of this Agreement by LESSEE and LESSOR shall have the right to terminate this Agreement effective immediate and to pursue all legal and equitable remedies available to it under this Agreement and applicable law. 25. NOTICES. All notices hereunder must be in writing and shall be deemed validly given if sent by certified mail, retum receipt requested or by commercial courier, provided the courier's regular business is delivery service and provided further that it guarantees delivery to the addressee by the end of the next business day following the courier's receipt from the sender, addressed as follows (or any other address that the Party to be notified may have designated to the sender by like notice): 16 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 LESSOR: Village of Tequesta, Florida 345 Tequesta Drive Tequesta, Florida 33469 LESSEE: Verizon Wireless Personal Communications LP dlb/a Verizon Wireless 180 Washington Valley Road Bedminster, New Jersey 07921 Attention: Network Real Estate Notice shall be effective upon actual receipt or refusal as shown on the receipt obtained putsuant to the foregoing. 26. SUCCESSORS. This Agreement shall extend to and bind the heirs, personal representa.tive, successors and assigns of the Parties hereto. 27. SUBORDINATION AND NON-DISTURBANCE. At LESSOR'S option, this Agreement shall be subordinate to any future master lease, ground lease, mortgage, deed of trust or other security interest (a "Mortgage") by LESSOR which from time to time may encumber all or part of the Property; provided, however, as a condition precedent to LESSEE being required to subordinate its interest in this Agreement to any future Mortgage covering the Property, LESSOR shall obtain for LESSEE'S benefit a non-disturbance and attornment agreement for LESSEE'S benefit in the form reasonably satisfactory to LESSEE, and containing the terms described below (the "Non-Disturbance Agreement"), and shall recognize LESSEE'S right to remain in occupancy of and have access to the Premises as long as LES5EE is not in default of this Agreement beyond applicable notice and cure periods. The Non-Disturbance Agreement shall include the encumbering party's ("Lender's") agreement that, if Lender or its successor-in-interest or any purchaser of Lender's or its successor's interest (a "Purchaser") acquires an ownership interest in the Property, Lender or such successor-in-interest or Purchaser will (1) honor all of the terms of the Agreement, (2) fulfill LESSOR'S obligations under the Agreement, and (3) promptly cure all of the then-existing LESSOR defaults under the Agreement. Such Non-Disturbance Agreement must be binding on all of Lender's participants in the subject loan (if any) and on all successors and assigns of Lender and/or its participants and on all Purchasers. In return for such Non-Disturbance Agreement, LESSEE will execute an 17 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 agreement for Lender's benefit in which LESSEE (1) confirms that the Agreement is subordinate to the Mortgage or other real properiy interest in favor of Lender, (2) agrees to attom to Lender if Lender becomes the owner of the Property and (3) agrees to accept a cure by Lender of any of LESSOR'S defaults, provided such cure is completed within the deadline applicable to LESSOR In the event LESSOR defaults in the payment and/or other performance of any mortgage or other real property interest encumbering the Property, LESSEE, may, at its sole option and without obligation, cure or correct LESSOR'S default and upon doing so, LESSEE shall be subrogated to any and all rights, titles, liens and equities of the holders of such mortgage or other real property interest and LESSEE shall be entitled to deduct and setoff against all rents that may otherwise become due under this Agreement the sums paid by LESSEE to cure or correct such defaults. 28. RECORDING. LESSOR agrees to execute a Memorandum of this Agreement which LESSEE may record with the appropriate recording officer. The da.te set forth in the Memorandum of Lease is for recording purposes only and bears no reference to commencement of either the Term or rent payments. 29. DEFAULT. a. In the event there is a breach by LESSEE with respect to any of the provisions of this Agreement or its obligations under it, including the payment of rent, LESSOR shall give LESSEE written notice of such breach. After receipt of such written notice, LESSEE shall have fifteen (15) days in which to cure any monetary breach and thirty (30) days in which to cure any non-monetary breach, provided LESSEE shall have such extended period as may be required beyond the thirty (30) days if the nature of the cure is such that it reasona.bly requires more than thirly (30) days and LESSEE commences the cure within the thirty (30) day period and thereafter continuously and diligently pursues the cure to completion. LESSOR may not maintain any action or effect any remedies for default against LESSEE unless and until LESSEE has failed to cure the breach within the time periods provided in this Para.graph. b. In the event there is a breach by LESSOR with respect to any of the provisions of this Agreement or its obligations under it, LESSEE shall give LESSOR written notice of such breach. After receipt of such written notice, LESSOR shall have thirty (30) days 18 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 in which to cure any such breach, provided LESSOR shall have such extended period as may be required beyond the thirty (30) days if the nature of the cure is such that it reasonably requires more than thirty (30) da.ys and LESSOR commences the cure within the thirty (30) day period and thereafter continuously and diligently pursues the cure to completion. LESSEE may not maintain any action or effect any remedies for default against LESSOR unless and until LESSOR has failed to cure the breach within the time periods provided in this Paragraph. Notwithstandi.ng the foregoing to the contrary, it shall be a default under this Agreement if LESSOR fails, within ten (10) days after receipt of written notice of such breach, to perform an obligation required to be performed by LESSOR if the failure to perform such an obligation interferes with LESSEE'S ability to conduct its business on the Properry; provided, however, that if the nature of LESSOR'S obligarion is such that more than ten (10) days after such notice is reasonably required for its performance, then it shall not be a default under this Agreement if performance is commenced within such ten (10) day period and thereafter diligently pursued to completion. 30. REMEDIES. Upon a default, the non-defaulting Party may at its oprion (but without obligation to do so), perform the defaulting Party's duty or obligation on the defaulting Party's behalf, including but not limited to the obtaining of reasonably required insurance policies. The costs and expenses of any such performance by the non-defaulting Party shall be due and payable by the defaulting Party upon invoice therefor. In the event of a default by either Party with respect to a material provision of this Agreement, without limiting the non-defaulting Party in the exercise of any right or remedy which the non-defaulting Party may have by reason of such default, the non-defaulting Party may terminate the Agreement and/or pursue any remedy now or hereafter available to the non-defaulti.ng Party under the Laws or judicial decisions of the state in which the Premises aze located; provided, however, LESSOR shall use reasonable efforts to mirigate its damages in connection with a default by LESSEE. If LESSEE so performs any of LESSOR'S obligations hereunder, the full amount of the reasonable and actual cost and expense incurred by LESSEE shall immediately be owing by LESSOR to LESSEE, and LESSOR shall pay to LESSEE upon demand the full undisputed amount thereof with interest thereon from the date of payment at the greater of (i) ten percent (10%) per annum, or (ii) the highest rate 19 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 permitted by applicable Laws. Notwithstanding the foregoing, if LESSOR does not pay LESSEE the full undisputed amount within thirty (30) days of its receipt of an invoice setting forth the amount due from LESSOR, LESSEE may offset the full undisputed amount, including all accrued interest, due against all fees due and owing to LESSOR until the full undisputed amount, including all accrued interest, is fully reimbursed to LESSEE. 31. ENVIRONMENTAL. a. LESSOR will be responsible for all obligations of compliance with any and all environmental and industrial hygiene laws, including any regulations, guidelines, standards, or policies of any governmental authorities regulating or imposing standa.rds of liability or standards of conduct with regard to any environmental or industrial hygiene conditions or concems as may now or at any time hereafter be in effect, that are or were in any way related to activity now conducted in, on, or in any way related to the Tower or Property, unless such conditions or concerns a.re caused by the specific activiries of LESSEE in the Premises. b. LESSOR shall hold LESSEE harmless and indemnify LESSEE from and assume all duties, responsibility and liability at LESSOR'S sole cost and expense, for all duties, responsibilities, and liability (for payment of penalties, sanctions, forfeitures, losses, costs, or damages) and for responding to any action, notice, claim, order, summons, citation, directive, litigation, investigation or proceeding which is in any way related to: a) failure to comply with any environmenta.l or industrial hygiene law, including without limitation any regulations, guidelines, standards, or policies of any governmenta.l authorities regulating or imposing standards of liability or standards of conduct with regard to any environmenta,l or industrial hygiene concerns or conditions as may now or at any time hereafter be in effect, unless such non- compliance results from conditions caused by LESSEE; and b) any environmental or industrial hygiene conditions arising out of or in any way related to the condition of the Tower or Property or activities conducted thereon, unless such environmental conditions are caused by LESSEE. Notwithstanding anything in this Agreement to the contrary, LESSOR'S liability shall be limited by the statutory amounts set forth in Sec. 768.28, Florida Statutes, includi.ng the limits regarding 20 � LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 attomey's fees. Nothing contained in this Agreement shall be construed as a waiver of LESSOR's sovereign immunity beyond the waivers set forth in Sec. 768.28, Florida Statutes. Nothing contained in this Agreement shall be construed as LESSOR'S consent to be sued. 32. CASUALTY. In the event of damage by fire or other casualty to the Tower or Premises that cannot reasonably be expected to be repaired within forly-five (45) days following same or, if the Property is da.maged by fire or other casualty so that such damage may reasonably be expected to disrupt LESSEE'S opera.tions at the Premises for more than forty-five (45) days, then LESSEE may, at any time following such fire or other casualty, provided LESSOR has not completed the restoration required to permit LESSEE to resume its operation at the Premises, terminate this Agreement upon fifteen (15) days prior written notice to LESSOR. Any such notice of termination shall cause this Agreement to expire with the same force and effect as though the date set forth in such notice were the date originally set as the expiration date of this Agreement and the Parties shall make an appropriate adjustment, as of such termination date, with respect to payments due to the other under this Agreement. Notwithstandi.ng the foregoing, the rent shall abate during the period of repair following such fire or other casualty in proportion to the degree to which LESSEE'S use of the Premises is impaired. 33. CONDEMNATION. In the event of any condemnation of all or any portion of the Property, this Agreement shall terminate as to the part so ta.ken as of the date the condemning authority takes title or possession, whichever occurs first. If as a result of a partial condemnation of the Premises or Tower, LESSEE, in LESSEE'S sole discretion, is unable to use the Premises for the purposes intended hereunder, or if such condemnation may reasonably be expected to disrupt LESSEE'S operations at the Premises for more than foriy-five (45) days, LESSEE may, at LESSEE'S option, to be exercised in writing within fifteen (15) days after LESSOR shall have given LESSEE written notice of such taking (or in the absence of such notice, withi.n fifteen (15) days after the condemning authority shall have taken possession) terminate this Agreement as of the date the condemning authority takes such possession. LESSEE may on its own behalf make a claim in any condemnation proceeding involving the Premises for losses related to the 21 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 equipment, conduits, fixtures, its relocation costs and its damages and losses (but not for the loss of its leasehold interest). Any such notice of termi.narion shall cause this Agreement to expire with the same force and efFect as though the date set forth in such notice were the date originally set as the expiration date of this Agreement and the Parties shall make an appropriate adjustment as of such termination date with respect to payments due to the other under this Agreement. If LESSEE does not terminate this Agreement in accordance with the foregoing, this Agreement shall remain in full force and effect as to the portion of the Premises remaining, except that the rent shall be reduced in the same proportion as the rentable area of the Premises taken bears to the total rentable area of the Premises. In the event that this Agreement is not terminated by reason of such condemnation, LESSOR shall promptly repair any damage to the Prem.ises caused by such condemning authority. 34. SUBMISSION OF AGREEMENT/PARTIAL INVALIDTTY/AUTHORITY. The submission of this Agreement for examination does not constitute an offer to lease the Premises and this Agreement becomes effective only upon the full execution of this Agreement by the Parties. If any provision herein is invalid, it shall be considered deleted from this Agreement and shall not invalida.te the remaining provisions of this Agreement. Each of the Pa.rties hereto warrants to the other that the person or persons executing this Agreement on behalf of such Party has the full right, power and authority to enter into and execute this Agreement on such Party's behalf and that no consent from any other person or entity is necessary as a condition precedent to the legal effect of this Agreement. 35. APPLICABLE LAWS. Duri.ng the Term, LESSOR shall maintain the Property and all structural elements of the Premises in compliance with all applicable laws, rules, regulations, ordinances, directives, covenants, easements, zoning and land use regulations, and restrictions of record, permits, building codes, and the requirements of any applicable fire insurance underwriter or rating bureau, now in effect or which may hereafter come into effect (including, without limita.tion, the Americans with Disabilities Act and laws regulating hazazdous substances) (collectively "Laws"). LESSEE shall, in respect to the condition of the Premises and 22 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 at LESSEE'S sole cost and expense, comply with (a) all Laws relating solely to LESSEE'S specific and unique nature of use of the Premises (other than general office use); and (b) all building codes requiri.ng modifications to the Premises due to the improvements being made by LESSEE in the Premises. 36. SURVIVAL. The provisions of the Agreement relati.ng to indemnification from one Party to the other Pariy shall survive any term.ination or expiration of this Agreement. Additionally, any provisions of this Agreement which require performance subsequent to the termination or expiration of this Agreement shall also survive such termination or expiration. 37. CAPTIONS. The captions conta.ined in this Agreement are inserted for convenience only and are not intended to be part of the Agreement. They shall not affect or be utilized in the construction or interpreta.tion of the Agreement. 23 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 IN WITNESS WHEREOF, the Parties hereto have set their hands and affixed their respective seals the day and year first above written. LESSOR: WITNESS Village of Tequesta, Florida BY: Name: Name: Title: Date: Name: LESSEE: Verizon Wireless Personal Communications LP d/b/a Verizon Wireless WITNESS BY: Name: Name: Aparna Khurjekar Area Vice President Network Date: Name: 24 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 Exhibit "A" (Description of Premises and of Property) (Lessee is referred to in this Exhibit as "Verizon Wireless") Description of Property: The South 600.79 feet (measured at right angles to the South fine thereof). of the Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) of Section 30, Township 40 South� Range 43 East� Palm Beach County, Florida, lying East of the Easterly Right of Way line of Old Dixie Highway as described in Order of Taking recorded in Official Records Book 6548� Page 1319. of the Public Records of Palm Beach County. Florida. Description of Land Space: A parcel of land being a portlon of the South 600.79 feet of the Northwest 1/4 of the NarthN�t 1/4 of Sectlon 30, Townehip 40 Sauth, Range 43 Eaet, Palm Beach Cou�ty, Florida, aoid parcel more particularly deaeribed as follovr� COMMENCING at the Southeaet corner of satd Northwest 1/4 of the Northwest 1/4 of Sectlon 30, proceed North 89' 57' 03" West along the South Iine of said Northwest 1/4 of the Northwest 1/4 a dfetance of 230.56 feet; thence departfig last satd Ilne, North 00' 02' S7 East a distance oi 412.56 feet to the POINT OF BEGINNING; thence North 35' 27' 46 West a distance of 25.00 feet; thence North 54' 32' 14 East a dietance of 12.00 feet; thence S�th 35' 27' 48" East a diatance of 25.00 feet; thence South 54' 32' 14 West a distance of 1200 feet to the POINT OF BEGlNNIIdG. Containfig an area of 300 equare feet Description of Rights of Way: DESCRIPTIOPI OF VERIZON WIRELESS GROUND RIPIG EASEMENT A 3.00 foot ride strip of land baing a portton of the South 800.79 feet oi the Northwest 1/4 of the Northwest i/4 of Sectlon 30, Townahlp 40 South, Range 43 Eaet, Palm Beach County, Florfda, eaid parcel more particularly described as followa: COMMENCING at the Southeast comer of said Northwest 1/4 of the Northwest 1/4 of Sectlon 30, proceed North 89' 57' 03 West along the South Iine of said Northwest 1/4 of the Northw�t 1/4 a diatance of 230.56 feet; thence departing laat satd Iine, North 00' 02' 57 Eaet a dletance of 41256 feet; thence South 09' 32' 14 West a dtstance of 4.24 feet to the POINT OF BEGIPINING; thence North 35' 27' 46 West c dlatance of 31.00 feet; thence North 54' 32� 14' East a diatance of 18.00 feet; thence South 35' 27' 48 East a diatance of 31.00 feet; thence South 54' 32' 14" Weat a distance of 18.00 feet to the POINT OF BEGINNING. LESS AND EXCEPT THE FOLLOWING DESCRIBED PARCEL: A parcel of land being a portfon of the South 600.79 feet of the Northweat 1/4 of the Northwest 1/4 of Section 30, Townahip 40 South, Range 43 Eoat, Palm Beach County, Florida, said parcel more particularly described as followa: COMMENCING at the Southeast comer of said Northweat 1/4 of the Northwest 1/4 of 5ection 30, proceed North 89' 57' 03" West along the South Iine of eaid Idorthwest 1/4 of the Northweat 1/4 a distance of 230.56 feet; thence d�arting laet eaid line, North 00' 02' 57' Eaet a dfetance of 41256 feat to the POINT OF BEGINNING; thence North 35' 27' 46 West a distance of 25.00 4eet; thence North 54' 32� 14 East a dietance of 12.00 feet; thence South 35' 27' 46" East a dletance of 25.00 feet; thence South 54' 32' 14 Weat a dtstance of 12.00 feet to the POINT OF BEGINNIPIG. Sald 3.00 foot wide strip containing a net area of 258 equare feet 25 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 DESCRIPTION OF VERIZON WIRELESS STOOP EASEMENT A parcel of land being a portion of the South 600.79 feet of the Northwest 1/4 of the Northwest 1/4 of Sectlon 30, Townehip 40 South, Range 43 East, Palm Beach County. Florida, said parcel mora particularly described as follows: CObIMENCiN6 at the Southeast comer of eatd Northwest 1/4 of the Northwest 1/4 oi Section 30, prxeed North 89' 57' 03" West along the South Ilne of sald Northwest 1/4 of the Northwest 1/4 a distance of 230.58 feet; thence departing laet satd Iine, North 00' 02' S7" East a diatance of 412.58 feet; thence North 54' 32' 14 East a diatance of 12.00 feet; thence North 35' 27' 48 W�t a dletance of 19.49 feet to the POINT OF BEGINNING; thence continue North 35' 27' 46 West a dtetance of 4.00 feet; thence North 54' 32' 14 East a distance of 3.75 feet; thence South 35' 27' 46 Eaet a dtatance of 4.00 feet; thence South 54' 32' 14' West a distance of 3.75 feet to tha POINT OF BEGINNING. Cmitalning an area of 15 square teet DESCRIPTION OF VERIZON WIRELESS 3' ICE BRIDGE EASEMENT A 3.00 foot wide strip of I�d being a pwUon of the South 800.79 feet oi the Northw�t 1/4 of the Northw�t 1/4 of Sectlon 30, Townehtp 40 South, Range 43 East, Palm Beach County, Florida, the atdelines of said sMp lying 1.50 feet on each slde of the following d�crtbed centeriine: COMMENCING at the Southeast comer of eatd Northeeat 1/4 of the Northwest 1/4 of Section 30, proceed North 89' 57' U3 West along the South Itne of said Northwest 1/4 of the Northwest 1/4 a dtat�ce of 230.56 feet; thence d�arting laet safd Ilne, North 00' 02' 57 East a dietance oi 41256 feet; th�ce North 54' 32' 14 East a distance of 12.00 feet; thence North 35' 27' 46 W�t a dlatance of 5.51 feet to the POIWT OF BEGINNING of the herein deacrtbed centerllne; thence North 56' 10' 32" East a dfetance of 4.81 feet to the POINT OF TERMINATION of the herefi described centerline. The sidelines of said strip to be eztended or trimmed, as necessary, to form one contlguoue ahape �d to meet a bearfig of North 35' 27' 46 West at the Pofnt of Beginning. Containing an area of 14.4 square feet, more or lese. In addition to the above, Lessee shall have non-exclusive access and utility rights across the Property as necessary to connect the Premises to the neazest public right of way. Tower Space: Space at the 105' level on the Tower, as depicted in Exhibit B atta.ched hereto. 26 LESSEE Site I.D.: Tequesta Flag Pole, Site No. 68510 Exhibit "B" (Site Sketch) (LESSEE may be referred to as"Verizon" in this Exhibit) (See Attached) 27 `'` �� `g ON y �` I '' �""'�`"���4� i � � q � � 6 � O �4 � � O � C � W � �� � ���� o �� " � � � ' � � g � � � o � � ����� � � � s�, �- � �_ �� �� � �� �� r ., ,� � �� � ��e� � 4 ���� ��i�� �� �� � � �I � � �I � � � � � c� � \ '� �� � � � � ��� � � � � � � � m � � � � >a �� m a � � a = � �� � �� �� ����� � � � �� �� ���� �� . � � �� � � ���� . �� �� � ���� �� �� � ���� ���� �� ��. g � a � 3 i��� �e� `��� . ���� 4� -'� �, . ., �, ����� a �� � �. . � '� � `� Q �� � g �S t /��/ p �Q q y `� [] d�� �� ✓ @ b � \� ��` � ����� �� �,,� � . � f a �� . ��, . . ����@ a �� /'/ � �� � `` � 9 . � ����g � /�^� � �° �� � ��� � a . � . g . � ����� 9� ✓ � .- i � • , � \ � " " �/ � . � �,, . 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Boz 14070 Fort Lauderdale, Florida 33301 STATE OF FLORIDA ) ) COUNTY OF PALM BEACH ) Lessee Site ID: Tequesta Flag Pole, Site No. 68510 MEMORANDUM OF LAND AND TOWER LEASE AGREEMENT This MEMORANDUM OF LAND AND TOWER LEASE AGREEMENT ("Memorandum") is made this day of , 20_, beiween THE VILLAGE OF TEQUESTA, FLORIDA , a Florida municipal corporation with its principal offices located at 345 Tequesta Drive, Tequesta, Florida 33469, hereinafter referred to as �LESSOR�, and VERIZON WIRELESS PERSONAL COMMUNICATIONS LP d/b/a Verizon Wireless, a Delaware limited partnership with its principal office located at One Verizon Way, Mail Stop 4AW100, Basking Ridge, New Jersey 07920, hereinafter referred to as "LESSEE". LESSOR and LESSEE are at times collectively referred to hereinafter as the �Parties" or individually as the "Part�'. 1. LESSOR and LESSEE entered into a Land and Tower Lease Agreement (the "AgreemenY') on , 20 for an initial term of five (5) years, commencing on the Commencement Date (as defined below). The Agreement shall automatically be extended for four (4) additional five (5) year terms unless the LESSEE terminates it at the end of the then current term by giving the LESSOR written notice of the intent to terminate at least six (6) months prior to the end of the then current term. If at the end of the fourth (4th) five (5) year extension term the Agreement has not been terminated by either Party by giving to the other written notice of an intention to terminate it at least three (3) months prior to the end of such term, the Agreement shall continue in force upon the same covenants, terms and conditions for a further term of five (5) years and for 1 five (5) year terms thereafter until terminated by either Party by giving to the other written notice of its intention to so terminate at least three (3) months prior to the end of such term. 2. LESSOR hereby leases to LESSEE a portion of that certain parcel of property (the entirety of LESSOR's property is referred to hereinafter as the "Property") located at 901 N. Old Dixie Highway, Tequesta, Florida 33469, and being described as a three hundred (300) square foot parcel of ground space, including the existing equipment shed located thereon (the "Land Space"), together with the non exclusive right (the "Rights of Way") for ingress and egress, seven (7) days a week twenty four (24) hours a day, on foot or motor vehicle, including trucks, over the Property extending from the nearest public right of way to the Land Space, as specified below, for the use and maintenance of the existing equipment shed, and for the installation, use and maintenance of utility wires, poles, cables, conduits, and pipes over, under, or along the Land Space. LESSOR also leases to LESSEE a portion of LESSOR'S existing communications tower (the `Tower") located on the Property, in order for LESSEE to erect, operate and maintain communications antennas thereon. The Land Space, Rights of Way, and Tower space leased to LESSEE are hereinafter referred to as the "Premises° and is more particularly described in Exhibit "A" attached hereto and made a part hereof. The Property is likewise described herein in Exhibit "A" attached hereto and made a part hereof. A site sketch depicting the location of the Tower and equipment shed is attached hereto as Exhibit "B". 3. The Commencement Date of the Agreement, of which this is a Memorandum, is based upon the date LESSEE is granted a building permit by the govemmental agency charged with issuing such permits, or the date of execution of the Agreement by the Parties, whichever is later. In the event the date at which LESSEE is granted a building permit or the date of execution of the Agreement, whichever is applicable, falls between the 1 st and 15th of the month, the Agreement shall commence on the 1 st of that month and if such date falls befinreen the 16th and 31 st of the month, then the Agreement shall commence on the 1st day of the following month (either the "Commencement Date"). 4. Should LESSOR, at any time during the Term decide (i) to sell or transfer all or any part of the Property or the Tower thereon to a purchaser other than LESSEE, or (ii) to grant to a third party by easement or other legal instrument an interest in and to that portion of the Tower and or Property occupied by LESSEE, or a larger portion thereof, for the purpose of operating and maintaining communications facilities or the management thereof, such sale or grant of an easement or 2 interest therein shall be under and subject to this Agreement and any such purchaser or transferee shall recognize LESSEE'S rights hereunder under the terms of this Agreement. To the extent that LESSOR grants to a third party by easement or other legal instrument an interest in and to that portion of the Tower and/or Property occupied by LESSEE for the purpose of operating and maintaining communications facilities or the management thereof and in conjunction therewith, assigns this Agreement to said third party, LESSOR shall not be released from its obligations to LESSEE under this Agreement, and LESSEE shall have the right to look to LESSOR and the third party for the full performance of this Agreement. Nothing contained in this Paragraph 4 shall in any way impact LESSOR'S right to lease additional Tower space or additional ground space on the Property which does not interFere with LESSEE'S use of the Premises, including Tower space as described in Exhibit A. 5. The terms, covenants and provisions of the Agreement, the terms of which are hereby incorporated by reference into this Memorandum, shall extend to and be binding upon the respective executors, administrators, heirs, successors and assigns of LESSOR and LESSEE. Remainder of Page Intenfionally Blank Signature Page to Follow 3 IN WITNESS WHEREOF, hereunto and to a duplicate hereof, LESSOR and LESSEE have caused this Memorandum to be duly executed on the date first written hereinabove. LESSOR: WTTNESS Village of Tequesta, Florida BY: Name: Name: Title: Date: Name: LESSEE: Verizon Wireless Personal Communications LP d/b/a Verizon Wireless WITNESS BY: Name: Name: Aparna Khurjekar Area Vice President Network Date: Name: 4 STATE OF FLORIDA ) ) LESSOR ACKNOWLEDGMENT COUNTY OF PALM BEACH ) I, , do hereby certify that personally came before me this day and acknowledged that s/he is the of THE VILLAGE OF TEQUESTA, FLORIDA, a municipal corporation, and s/he, being authorized to do so, executed the foregoing MEMORANDUM OF LAND AND TOWER LEASE AGREEMENT as his/her own act and deed on behalf of THE VILLAGE OF TEQUESTA, FLORIDA. He/She is personally known to me or has produced as identification. WITNESS my hand and official Notarial Seal, this day of , 20_. Notary Public My Commission Expires: STATE OF NORTH CAROLINA ) ) LESSEE ACKNOWLEDGMENT COUNTY OF MECKLENBURG ) I, , do hereby certify that Aparna Khurjekar personally came before me this day and acknowledged that she is the Area Vice President Nefinrork of VERIZON WIRELESS PERSONAL COMMUNICATIONS LP d/b/a Verizon Wireless, a Delaware limited partnership, and that she, as Area Vice President Network, being authorized to do so, executed the foregoing MEMORANDUM OF LAND AND TOWER LEASE AGREEMENT on behalf of VERIZON WIRELESS PERSONAL COMMUNICATIONS LP d/b/a Verizon Wireless. She is personally known to me. WITNESS my hand and official Notarial Seal, this day of , 20_. Notary Public My Commission Expires: 5 EXHIBIT A (Description of Premises and of Property) (Lessee is referred to in this Exhibit as "Verizon Wireless") Description of Property: The South 600.79 feet (measured at right angles to the South tine thereof}. of the Northwest Quorter (NW 1/4) of the Northwest Quarter (NW 1/4) of Section 30, Township 40 South, Range 43 Ea�t, Palm Beach County, Florida, lying East of the Easterly Right of Way iine of Old Dixie Highway as described in Order of Taking recorded in Official Records Book 6548. Page 1319. of the Public Records of Palm Beach County. Flo�ida. Description of Land Space: A parcel of land being o portion of the South 600.79 feet of the Northweat 1/4 of the Northwest 1/4 of Section 30, Townehip 40 South, Range 43 East, Palm Beach County, Florida, eaid parcel more particuiarly descrfbed as followa: CdMMENCING at the S�theaet comer of said Northw�t 1/4 of the Northwest 1/4 of Sectfon 30, proceed Plorth 89' 57' 03 Weat along the South Iine of said Northwest 1J4 of the Northwest 1/4 a distance of 230.56 feet; thence departing last said Iine, North 00' 02� 57 East a dlatance of 412.56 feet to the POINT OF BEGINNING; thence Nmth 35' 27' 46 West a distance of 25.00 feet; thance North 54' 32' 14 East a dletance of 12.00 feet; thence Saith 35' 27' 46 East a dietance of 25.00 feet; thenee South 54' 32' 14 Weat a distance of 12.00 feet to the POINT OF BEGINNING. Containtng an area af 300 equare feet Description of Rights of Way: DESCRIPTION OF VERIZON WIRELESS GROUND RING EASEMENT A 3.� foot �ide strip oi land being a p�tion of the South 800.79 feet of the Northwest 1/4 of the Northweat t/4 of Sectl� 30, Township 40 South, Ronge 43 East, Palm Beach County, Flarlda, safd parcel more particularly described as follows COMMENCING at the Southeast comer of eaid Northwest 1/4 of the Northwest 1/4 of Section 30, proceed North 89' 57' 03 Weat along the South line of said Northwest 1/4 of the Northwest 1/4 a distance of 230.56 feet; thence deporting last satd Iine, North 00' 02' 57 East a dlatance of 41256 feet; thence South 09' 32' 14 West a distance of 4.24 feet to the POINT OF BEGINNING; thance North 35' 27' 46 West a diatance of 31.00 feet; thence North 54' 32� 14 East a distance of 18.00 feet; thence South 35' 27' 46 East a dietance of 31.00 feet; thence South 54' 32' 14" W�t a diatance of 18.00 feet to the POINT OF BEGINNING. LESS AND DCCEPT THE FOLLOWING DESCRIBED PARCEL: A parcei of land being a portlon of the South 600.79 feet of the Northwest 1/4 af the Northwast 1/4 of Section 30, Townahip 40 South, Range 43 Eaet, Palm Beach County, Florida, eaid parcel more particularly described ae followa: COMMENCING at tha Southeaet comer of eafd Northweat 1/4 of the Northwest 1/4 of Sectlon 30, proceed North 89' 87' 03" Weat along the South Iine of sald Northwest 1/4 of the Northwest 1/4 a dtstance of 230.56 feet; thence departing last said Ilne, North 00' 02' 87 East a diatance of 412.56 feet to the POINT OF BEGINNING; thence North 35' 27' 46 Weat a distance of 25.00 feet; thence North 54' 32' 14 East a dietance of 12.00 feet; thence South 35' 27' 46" East a dietance of 25.00 feat; thence South 54' 32' 14 Weat a distance of 12.00 feet to the POINT OF BEGINNING. Sald 3.00 foot wlde strtp contalning a net area of 258 equare feet. 6 DESCRIP110N OF VERIZON WIRELESS STOOP EASEMENT A parcel of land being a portion of the South 600.79 feet of the Northwest 1/4 of the Northwest 1/4 of Sactlon 30, Townehfp 40 South, Range 43 Eaet, Palm Beach County, Florlda, said parcel mora particularly described as follows: COMMENCING at the Southeast comer of eaid Northwest 1/4 of the Northwest 1/4 of Section 30, proceed North 89' 57' 03" Weat along the South Ilne of satd Northweat 1/4 of the Northwest 1/4 a distance of 230.56 feet; thence departing laet satd Iine, North 00' 02' 57" Eaet a dletance of 412.58 feet; thence North 54' 32' 14 East a diatance of 12.00 feet; thence North 35' 27' 48 West a dietance of 19.49 feet to the POINT OF BEGINNING; thence continue North 35' 27' 46 West a dtstance of 4.00 feet; thence North 54' 32' 14 East a diat�ce of 3.75 feet; thenca South 35' 27' 46 East a diatance of 4.00 feet; thence South 54' 32' 14� West a dfatance of 3.75 feet to the POINT OF BEGINIdING. Containfng an area of 15 square teet DESCRIPTION OF VERIZON WIRELESS 3' ICE BRIDGE EASEMENT A 3.00 toot Ride strip of Imid being a pwtion of the South 800.79 feet oi the Northweat 1/4 oi the Northweat 1/4 of Sectlon 30. Township 40 South, Ranga 43 East, Palm Beaeh County, Florida, the siddines of said strip lying 1.50 feet on each side of the following deacHbed canterlMe: COMMENCING at the Southeast comer of eaid Northwest 1/4 oi the Northwest 1/4 of S�tlon 30, proceed North 89' 57' 03 West along the South Ifne of said Northwest 1/4 of the Northwest 1/4 a dtat�oe of 230.56 feet; thence d�arting laet safd Ilne, North 00' 02' 57 East a distance of 41256 feet; thence North 54' 32' 14 East a dlatance of 12.00 feet; thence North 35' 27' 46 W�t a diatonce oi 5.51 feet to the POINT OF BEGINNING of the herein described centerilne; thence North 56' 10' 32" East a dtstance of 4.81 feet to the POINT OF TERMINAl10N of the herefn d�cdibed centerlfne. The sidelines of said atrip to be extended or trimmed, as nec�sary, to torm one cont(guous ehape �d to meet a be�tng Of North 35' 27� 46 Weet at tFle POfr1t of Beginning. Containtng an area of 14.4 equare feet, more or lese. In addition to the above, Lessee shall have non-exclusive access and utility rights across the Properiy as necessary to connect the Premises to the nearest public right of way. Tower Space: Space at the 105' level on the Tower 7 EXHIBIT B (Site Sketch) (See attached) 8 `���\`���1`�.••'',�..r"`,�M.,�J���i . 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