Okaloosa County BOCC — December 15, 2015 — proposed Lease Agreement

LEASE AGREEMENT between Okaloosa County, Florida, and Coastal States Contractors, Inc. This Lease entered into this day of , 2015, by and between, Okaloosa County, a political subdivision of the State of Florida, by and through its Board of County Commissioners, herein referred to as “Lessor”, and Coastal States Contractors, Inc., a Florida Corporation herein referred to as “Lessee”. SECTION ONE SUBJECT AND PURPOSE Lessor does hereby Lease certain portions of real property, as indicated in the attached and incorporated Exhibit A", located at 1310 D Oddfellow Rd., Fort Walton Beach, FL, 32547, County of Okaloosa, State of Florida ("Leased Premises") to Lessee for the following purposes: 1. The primary use of this facility is a warehouse or storage facility. This unit may also be used for light commercial or industrial activity, generating de minimis traffic, as limited parking exists. 2. No other use is authorized for any portion of the space covered by this Lease. Furthermore, Lessee shall have a non-exclusive right and access to the parking areas provided by Lessor, together with the right to use in common with the Lessor, its employees, invited, and customers, the Lessor’s other tenants and their employees, invites and customers, to park automobiles. Lessor retains the right to make reasonable rules and regulations with reference to the use of said parking areas, including the right to provide for certain reserved parking as from time-to-time, determined by Lessor. SECTION TWO TERM AND RENT Lessee shall pay to Lessor for the use and occupancy of the space shown in the attached Exhibit "A" as follows: (a) $400 per month during the term of this Lease, it being intended that the fair rental value of the premises utilized by the Lessee, which shall be due and payable on the first day of this Lease and continuing on the same day of each month thereafter for the entire term of this Lease; (b) A sum equal to 10% of any rent not received by Lessor within ten (10) calendar days of the due date thereof (c) In addition to the amounts above, any sales or rental taxes which are applicable to this lease (currently $24/month); (d) The Lessee may elect to pay the above-listed amounts with an up-front annual payment, in the amount of $5,088 (includes taxes), payable the first day of the Lease period. The term of the Lease shall begin on the 1% day of January 2016, and end on the 31% day of December 2016. This Lease may be renewed for up to two (2) additional (1) year terms, if mutually agreed upon in writing, at least thirty (30) days in advance of the expiration of the Lease term. At time of renewal, the rent amount and terms of payment shall be readdressed. All rental payments shall be made to the Lessor at the Office of the Clerk of Courts, Okaloosa County Courthouse, Crestview, Florida. SECTION THREE ADDITIONAL RENT In addition, Lessee shall pay any and all taxes, charges, costs, and expenses that may be due as a result of this Lease, together with all interest and penalties that may accrue thereon, in the event of the failure of Lessee to pay those items, and all other damages, costs, expenses, and sums that Lessor may suffer or incur, or that may become due, by reason of any default of the Lessee of failure by Lessee to comply with the terms and conditions of this Lease shall be deemed to be additional rent, and, in the event of non-payment, Lessor shall have all the rights and remedies as herein provided for failure to pay rent. SECTION FOUR ALTERATIONS, ADDITIONS, AND IMPROVEMENTS Lessee may not make any additions, alterations, or changes of any kind to the Leased Premises or on Lessor's property without the expressed written consent of Lessor. 1. Permission. Lessee shall submit a complete work plan of any and all work that Lessee proposes to undertake to Lessor in advance of any work beginning. Lessee may not begin any work without written permission in advance from Lessor. 2. Costs. The full costs to accomplish