TERMINATION OF LEASE AGREEMENT
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TERMINATION OF LEASE AGREEMENT
THIS TERMINATION OF LEASE AGREEMENT is made and entered into this
;;/ I,;"'day of ~ ' 2000, by and between the City of Clearwater, Florida, a
municipal corpora. P~tOffice Box 4748, Clearwater, Florida33758, hereinafter referred
to as "Lessor", and Clearwater Beach Seafood, Inc., a Florida corporation, d/b/a Clearwater
Beech Seafood and Restaurant (Krazy Bill's), 37 Causeway Boulevard, Clearwater, Florida
33767, hereinafter referred to as "Lessee."
WHEREAS, Lessor and Lessee entered into a lease on November 9, 1994, which
expires on April 30, 2004 ("Lease"); and
WHEREAS, Lesser and Lessee agreed to terminate that Lease subject to the terms
of this termination of lease agreement.
NOW, THEREFORE it is mutually agreed as follows:
1. Lessor and Lessee agree to the termination of that Lease dated November 9,
1994, subject to the conditions of this agreement.
2. Lessee has voluntarily requested that Lessor terminate said Lease for the
purpose of transferring common stock of Clearwater Beach Seafood, Inc.
3. Lessee agrees to voluntarily terminate that Lease with Lessor upon approval
of the Clearwater City Commission of a new Lease with the purchaser of all
common stock of Clearwater Beach Seafood, Inc.
4. Lessee has agreed to the voluntary termination of the Lease without any
further obligation by Lessor or Lessee for the remaining term of the Lease
between the parties.
5. Upon the termination of that Lease, Lessor shall within 10 days refund the
Lessee's lease deposits totaling $2,500 and the pro rata balance of the rent for
the month of July 2000, totaling $904.11.
6. Lessor and Lessee agree that this termination of Lease shall be null and void
if it is not approved by the Clearwater City Commission at a regularly
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scheduled public meeting on July 20, 2000, or the sale of the Lessee's stock
to the new purchaser has not successfully closed.
IN WITNESS WHEREOF, this agreement is executed as of the date first above
written.
Countersigned:
CITY OF CLEARWATER, FLORIDA
~isT
Mayor-Commissioner
By: 4..m.~-l-t4k-iAAL- -:n:
MICHAEL J. ROBERT-G
. I '-LIlt- M 0, HoRNi:::. .:II:'
-;E/'VIER'~ CIty Manager
Approved as to form:
Attest:
s:e~
Assistant City Attorney
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C~~GO~~EA~
City Clerk
CLEARWATER BEACH SEAFOOD, INe.
d/b/a CLEARWATER BEACH SEAFOOD
AND RESTAURANT (KRAZY BILL'S)
By:
oJ~~,JJ~
WILLIAM F. GOODWIN
Its President
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