005-Monroe Harbour-Mod. 1992MODIFICATION OF LEASE
THIS MODIFICATION made and entered into this J day of
A.D. 1992, by and between THE CITY OF SANFORD, FLORIDA,
municipal corporation, hereinafter called Lessor, and MONROE HARB6UR, INC.,
a Florida corporation, hereinafter called Lessee, which terms shall include
successors, legal representatives and assigns whenever the content hereof
so requires or admits.
W I T N E S S E T H:
WHEREAS, on March 14, 1967, the parties hereto entered into a
Lease Agreement, which Agreement was recorded in official Records Book 608,
Page 374, Public Records of Seminole County, Florida, and subsequently
modified by Modification of Lease dated December 31, 1968, recorded in
Official Records Book 868, Page 162, Public Records of Seminole County,
Florida, and Addendum to Modification of Lease dated December 31, 1968,
recorded in Official Records Book 868, Page 167, Public Records of Seminole•
County, Florida; and '
WHEREAS, the parties desire to further modify the Lease Agreement
as provided herein.
NOW, THEREFORE, in consideration of the mutual promises herein
contained and other good and valuable consideration, it is agreed as
follows:
1. Under Article III of said Lease Agreement, the parties agree
to modify the percentage of gross revenues paid annually on the anniversary
date of said Lease Agreement from five percent (58) to two and one —half
percent (2 1/2%) of all gross revenues in excess of ONE HUNDRED THOUSAND
DOLLARS ($100,000.00).
2. All other provisions of the aforesaid Lease Agreement,
Modification of Lease, and Addendum to Modification of Lease shall remain
unchanged and continue in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their.hands and
he ff egoing instrument was acknowledged before me this 1L711
day of 7�- , A.D. 1992, by BETTYE D. SMITH, as Mayor, and JANET R.
DONdHOE, a City. Clerk, of THE CITY OF SANFORD, FLORIDA, a municipal
corporation, on behalf of the corporation; and they are perso ally known to
me. � lx r 39 �-
My Commission Expires: Notary Public - State of Florida
R6'. A PZCLIC; SLATE Of FLORIDA AT LARD
MY CommasioNa C- XPIRES HO VUL EER 27, 1994 Printed Name: ` - -nRL� �. ✓A/IT
BONDED THRU ASHTON AGENCY INC
Page 2
seals to this Modification of Lease the date first above written.
Signed, Sealed and Delivered
In, the Presence of ) Witnesses:
As to Lessor
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STATE OF FLORIDA
COUNTY OF SEMINOLE
THE CITY OF SANFORD, FLORIDA
Y. i
BETTY D. ; ,,I�T�9H,, NMay -,�
Attest: � ( /\ • (ti I�LCC.!/L
JANET R City Clerk
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MONROE HARBOU
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