AMENDMENT TO LEASE - EXTENSION OF LEASE TO 5/31/1993
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AMEtJ'DI-iENT TO LEASE
THIS k4ENDMENT to that certain lease made and entered
into on the 7th day of June, 1950, by and between the CITY OF
CLEARWATER, a munici~al corporation, the Lessor, and CLEARWATER
COUNT~{Y CLUB, a ];<'lorida cor:f.oration, the _~essee, which said lease
was previously amended by an amendment thereto dated and executed
the 21st day of June, 1954,
WIT N E SSE T H :
That the parties hereto are desirous of further amending
the original lease hereinabove described as having been entered
into on the 7th day of June, 1950, this amendment to be for the
purpose of extending the term of said lease up to and including
the 31st ~of May, A.D., 1993, and
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wrIEREAS, the consideration for the extention has been
the eXl-enditure by the Lessee of aI-proximately the sum of
$70,000.00 for the I-urpose of f;utting in certain improvements on
the land described in said original lease being used for the
fuq:;ose of maintaining and operating the CLEARWATER COUN'l'RY CLUB
GOLF COURSE, said improvements primarily consisting of under-
ground watering system including IJumps and imr:rovements made to
the greens and fairways of said Country Club,
NOW, THEREFORE, in consideration of the mutual covenants,
promises and agreements herein contained and in further consider-
ation of the exrenditure of the an:roximate sum of 570,000.00
as herein set forth relative to the improvements made to the
COill~TRY CLUB GOLF COURSE by the Lessee, the parties hereto mutually
agree that the original lease be further amended in the following
manner:
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1. By substituting for paragraph 2 in the original
lease the following:
2. TO HAVE AND TO HOLD the same for a term having
commenced on June 1st, 1950, and continuing to and
concluding upon the 31st day of May, A.D., 1993.
2. By substituting for Paragraph 3 of the original
lease as previously amended on June 21, 1954, the
following:
3 . 'The Lessee covenants and agrees th.rough t:he
life of this lease at all times to maintain and
operate in good condition upon the said leased
premises an eighteen hole golf course, which will
be available to the general public at such reason-
able fees and according to such reasonable rules
and regulations as the Board of Directors of the
Lessee Corporation may from time to time frescribe.
The Lessee, CLEARWATER COUIITRY CLUB and the Lessor, CITY
OF CLillUniATER, hereby reaffirm all other provisions of said original
lease, dated June 7, 1950, and the previous amendment thereto dated
June 21, 1954, which are not in conflict with the terms and pro-
visions hereof.
This amendment shall become effective upon the execution
thereof by the proper officers of the Lessee and the;Jessor.
IN WITNESS vlHEREOF, the parties hereto have executed this
Amendment to Lease the II ~day of
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Mayor-Commissioner
Approved as to form &
correctness:
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.. i ty AttorneY /
Witnesses as to City:
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Clearwater
, A.D., 1969.
LORIDA
By:
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Attest:
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LEARWATER COmJTRY C:::'UJj .. ,. .-" .
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reslaent . ~ --:: .-. -:
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Attest:
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. Secretary