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2427 Parking Lease Agreement/COS - Sanford Ave LLCGRANT MALOY, SEMINOLE COUNTY CLERK OF CIRCUIT COURT & COMPTROLLER CFN# 2022071824 Bk:10262 Pg:619-626(8Pgs) REC: 06/20/2022 12:20:05 PM by cjones RECORDING FEES $69.50 Prepared by: David W. Hall.. Esquire lqal Stenstrom. McIntosh, et al. t 300 International Parkway. Suite 100 Lake Marv, Florida 32746 Telephone 407-322-2171 Return to; Traci Houchin, MMC, FCRM. City Clerk, City of Sanford City Hall 300 North Park Avenue Sanford, Florida 32771 Tax Parcel Identification Numbers: 30-19-31-515-0500-0010 30-19-31-515-0500-0030 30-19-31-515-0800-0010 30-19-31-515-0800-0040 30-19-31-515-0400-0020 SANFORD AVENUE, LLC and SANFORD AVENUE, II, LLC / CITY OF SANFORD PARKING LEASE AND AGREEMENT THIS PARKING LEASE AND AGREEMENT (Lease) is entered into by and between SANFORD AVENUE, LLC and SANFORD AVENUE II, LLC, a Florida limited liability company, whose principal address and mailing address is 113 Overoaks Place, Sanford, Florida 32771 (hereinafter referred to as ``Landlord"), and the City of Sanford, a Florida municipal corporation, whose address is 300 North Park Avenue, Sanford, Florida 32771, (hereinafter referred to as the "City") as Lessee. WITNESSETH: SECTION 1. PREMISES. Subject to the terms hereof, zoning and restrictions of record, and in consideration of the mutual benefits and obligations set forth hereafter, the receipt and sufficiency of which is hereby acknowledged, Landlord leases to the City and the City leases from Landlord the real property located in Seminole County, Florida, more particularly described as follows (the "Premises"): Lot 1 & 3, Block 5, AND Lots 1. 2, and 4. Block 8, AND Lots 2 &. 3, Block 4. together with the East 'h of vacated alley adjacent to said Lot 1, Block 8, all in Chapman + Tuckers Addition to Sanford according to the Plat thereof.. as recorded in Plat Book 1, Page 24 and Plat Book 3, Page 55, Public Records of Seminole County, Florida, 1 �� r'Gg z>e The address of the Premises is 301 Sanford Ave, 215 Sanford Ave & 304 Cypress Ave, Sanford, FL. 32771. SECTION 2. TERM. This Lease shall be for a term commencing , 202 and expiring at midnight on Joe 13 , 2024 , however if the parties agree in writing, this Lease shall not terminate at the expiration of the current term, but the term shall be extended for a series of 30-day additional terms under the terms hereof, provided that either parry may notice the other in writing that this Lease will terminate at the end of the then current term. SECTION 3. RENT. The City shall pay as rent to Landlord during the term of this Lease the sum of Two Thousand Dollars ($2,249.00) per month, subject to a credit to be received by City for the demolition by the City of a building presently existing on a portion of the Premises (as described in Section 4 below and in a separate agreement between the City and Landlord entitled City of Sanford License and Release Consensual Order of Condemnation/Demolition 215 Sanford Avenue). As a result of such credit, the City shall not be required to pay any rent for the Premises from the beginning of the Lease Term through January 31, 2023; Beginning January 1, 2023, rent shall be due and payable on or before the I" day of each month during the balance of the term hereof. SECTION 4. DEMOLITION OF EXISTING BUILDING ON 215 SANFORD AVENUE. Presently, there is a building existing on a portion of the Premises identified as 215 Sanford Ave. The City and Landlord have agreed that the City will demolish and remove such building, at the City's sole cost and expense, pursuant to the terms of a separate agreement between the City and Landlord (City of Sanford License and Release Consensual Order of Condemnation/Demolition 215 Sanford Avenue). In consideration for the demolition and removal of such building by the City, the Landlord has agreed that the City shall not be required to pay any rent for the Premises until January 1, 2023, at which time the City shall commence paying the Rent specified in Section 3 above. 21Page SECTION 5. USES. (a) The City shall use and occupy the Premises for purposes of grassed parking by the City or those which the City determines to compliment and harmonize with the City's parking as permitted by the City. The City shall have the right to design and construct the parking lot at its sole cost and expense but shall provide Landlord with all designs for Landlords approval, which shall not be unreasonably withheld. The City shall be responsible, at its own expense, for ensuring its use of the Premises including reasonable liability coverage for person and property damage and the City shall be responsible for costs of lighting and maintaining the Premises. (b) The City shall be responsible for any and all requirements relating to permitting, drainage, grading, or the like on the Premises for any improvements made by the City or use by the City. Landlord shall not be liable for any fees, fines and/or penalties that arise out of result of the City's use of the Premises, even if such requirement, fee, fine and/or penalty arises subsequent to the City's use if it directly relates to the City's prior use of the Premises. SECTION 6. QUIET ENJOYMENT. Provided City has performed all of its obligations hereunder, City shall peaceably and quietly hold and enjoy the Premises for the Term, without hindrance from Landlord or any party claiming by, though, or under Landlord, but not otherwise, subject to the terms and conditions of this Lease. SECTION 7. REDELIVERY. The City covenants that at the termination of this Lease, whether by expiration, default or otherwise, the City shall promptly redeliver the Premises to Landlord. SECTION 8. INDEMNIFICATION/LIABILITY/LOSS. The City shall indemnify, defend and save the Landlord harmless, to the extent and limits of Section 768.28, Florida Statutes, from and against all claims, demands, obligations, liabilities, penalties, fines, charges, costs, and expenses, including, but not limited to, reasonable attorney's fees, costs and expenses for the defense thereof arising from the City's negligence on or about the Premises or the City's negligent use of the Premises. 3 1 P a a e SECTION 9. DEFAULT. Landlord, at its option, may terminate this Lease on ninety (90) days' written notice to the City: (i) if the City fails to pay rent when the same becomes due and such failure to pay continues for a period of ten (10) days after receipt of notice of non-payment of rent is received by the City from Landlord; or (ii) if the City shall have failed to cure a default in the performance of any other provision of this Lease or any rule or regulation set forth herein within sixty (60) days after written notice thereof to the City from Landlord, provided however, in the event such default cannot be completely cured in such time, so long as the City commences to cure the default and diligently pursues the curing of the default, in good faith, the City shall be deemed to have timely cured the default. SECTION 10. LIENS. The City agrees to keep the Premises free and clear of any lien or encumbrance of any kind whatsoever created by the City's acts or omissions. SECTION 11. WAIVER. No act of a party shall be deemed a waiver of any of the parry's rights hereunder, unless such waiver is specifically made in writing. A parry's forbearance to enforce any rights hereunder or to exercise any available remedy, or to insist upon strict compliance herewith, shall not be deemed a waiver or forfeiture of such rights, remedies or strict compliance, nor shall such forbearance stop the party from exercising any available rights or remedies or from requiring strict compliance in the future. Landlord's acceptance of any late or inadequate performance including, but not limited to, late or insufficient payments of Rent, shall not constitute a waiver or forfeiture of Landlord's rights to treat such performance as an event of default to require timely and adequate performance in the future. 41 Page SECTION 12. NOTICES. All notices or other communication required or permitted to be given pursuant to this Lease shall be in writing and shall be construed as properly given if mailed by registered or certified mail with return receipt requested. It is agreed that notice so mailed shall be reasonable and effective upon the expiration of three (3) business days after its deposit. Notice given in any other manner shall be effective only if and when received by the addressee. For purposes of notice, the addresses of the parties shall be the address as follows: For The City: Norton N. Bonaparte, Jr., ICMA-CM City Manager City of Sanford City Hall 300 North Park Avenue Sanford, Florida 32771 With a copy to: William L. Colbert, City Attorney Stenstrom, McIntosh, Colbert & Whigham, P.A. 300 International Parkway, Suite 100 Lake Mary, Florida 32746 For The Landlord: Sanford Avenue, LLC Sanford Avenue II, LLC Attn: Bobby Duncan 113 Overoaks Place Sanford, Florida 32771 SECTION 13. CONSTRUCTION. Whenever the context pennits or requires the use of the singular in this Lease shall include the plural and the plural shall include the singular. Any reference herein to one gender shall likewise apply to the other gender and to the neuter; and any reference herein to the neuter shall refer likewise to one or all genders. Any reference herein to a person shall include trusts, partnerships, corporations, and other entity, as appropriate. SECTION 14. CAPTIONS. The captions to the provisions of this Lease are for convenience and reference only and in no way define, limit or describe the scope or intent of this Lease nor in any way effect the substance of this Lease. 5 1 Page SECTION 15. APPLICABLE LAWNENUE. This Lease shall be governed by and construed in accordance with the laws of the State of Florida. Venue shall be in the Eighteenth Judicial Circuit Court in and for Seminole County, Florida. SECTION 16. PARTIES BOUND. This Lease shall be binding upon and shall inure to the benefit of the heirs, personal representatives, successors and assigns of the parties. In the event Landlord or any successor -owner of the Premises shall convey or otherwise dispose of the Premises, all liabilities and obligations of Landlord, or any successor -owner as Landlord, to the City under this Lease shall terminate upon such conveyance or disposal and the giving of written notice thereof to the City. SECTION 17. EFFECTIVE DATE. The parties agree that the Effective Date of this Lease shall beJune— 13, Rog even though this Lease may have different dates of execution by the City and Landlord. [signatures on following page] 61 Page IN WITNESS WHEREOF, the parties hereto have executed and delivered this instrument on the days and year indicated below and the signatories below hereby represent that they have full authority to execute this instrument and to bind the parties set forth herein. WITNESSES: ot'(1, Nam . Name: ATTEST: By:',U ,k(' ALIJUL tl1 aztm b K'. r N Traci Houchin, MMC, FCRM, City Clerk Approved as to form and legal sufficiency. By: William L. Colbert, City Attorney LANDLORD SANFORD AVENUE, LLC AND SANFORD AVENUE II LLC, a Florida Limited Liability Co y Bobby P. Duncan, Manager Date: ':>Z -2, CITY OF SANFORD Date:�'�— 7 1 P a g e ACKNOWLEDGMENT STATE OF FLOR A COUNTY OF This instrun ent was sworn to and subscribed before me by means of ❑ physical presence or ❑ online notarization, this day of , 2022, by Bobby P. Duncan, as Manager of Sanford Avenue II, LLC, a Florida limited liability company. He is personally known to me or " produced as identification. .oO w4 Notary Public Stale of Florida Beah del Cid My Commission HH 130206 oj Extmes 05/22/2025 (Signature of Notary PoYic) ' Notary Public, State of Florida Print Name: o 1n Commission No.: H A My Commission Expires: 81 Page