Okaloosa County BOCC — July 2, 2013 — 1st Page of Lease — reading text

LEASE #L12-0395-BCC TOMMY MATTONIES POBOYS & FLORIBBEAN TACOS, LLC PROPERTY LEASE OFF BEACHVIEW DR, FWB EXPIRES: 11/01/2013 OFFER TO LEAL. The undersigned, hereinafter referred to as Lessee, does hereby offer to lease the below described property under the terms and conditions as follows: PUBLIC PROPERTY LEASE This lease is made and executed in duplicate by and between OKALOOSA COUNTY, a political subdivision of the State of Florida, herein called Lessor, and Tommy Mattonie's, Po-Boys & Floribbean Tacos, LLC herein called Lessee. ; 1. DESCRIPTION OF PREMISES-EXCEPTIONS: Lessor leases to Lessee, and Lessee hires from Lessor, as herein provided, its interest in the real property and improvements located thereon as described as follows: As per Exhibit A attached hereto. Lessee further specifically acknowledges that it has researched the title to the above described property and that it is only leasing the interests of Lessor in said tract subject to all outstanding interests, restrictions or encumbrances of record, and that Lessor does not warrant title or any specific interest in the same. 2. TERM --The fen of this ieuEe is One (1) year commencing on the an of execution hereof. by Lessor. 3.0 RENT - Lessee covenants and: agrees to pay as rent for the premises eighteen hundred Dollars ($1,800.00) per annum in advance annually, with the first such payment to be submitted by Cashier's or Certified Check with this bid. | ($150. 00/Monith) for the first year of the lease, with the rent being adjusted annually thereafter to reflect the increase in the Consumer Price Index. The rent shall be adjusted annually on its anniversary date to “reflect the cost of living adjustment. All Urban Consumers for all items - U. S. City Average, published by the Bureau of Labor Statistics, U.S. Department of Labor, 1982-84 = 1—(C"GPI-U.”). In the. event the U.S. Department of Labor, Bureau of Labor Statistics ceases to publish the C.P.I. the parties hereby agree to substitute another equally authoritative measure to change in the purchasing power of the U. S. dollar as may be then available. The annual adjustment shall be effective on each anniversary date of the Lease Term and shall be based upon the percentage difference between the C. P. I. for the previous twelve (12) month period ending December 31 and the C. P. I. for the twelve (12) month period ending December 31 of that year of the lease term multiplied by the then in force Lease Rent. As additional rent or consideration, Lessee covenants and. agrees fo pay any State sales or other tax of any nature or kind on the rent or other _- consideration paid to Lessor, plus any ad valorem, intangible, or other tax or assessment -on the property, or improvements imposed by State, Federal, or County law, or Ordinance: 4, USE OF PREMISES - Lessee shall submit a proposed plan of development of the property ‘with this bid, which plan shall. constitute a part of this Lease. Lessee agrees to restrict the ~_use.of the premises to the purposes proposed in the said plan and not to use, or permit the use of the premises for any other purpose. not specifically stated without first