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FIFTEEN YEAR LEASE AGREEMENT It- . TO: FROM: SUBJECT: J I 6& \V CITY OF CLEARWATER INTEROFFICE CORRESPONDENCE SHEET Susan Stephenson Documents and Records Supervisor City Clerk's Office Leo W. Schrader, Risk Certificate of Insurance Contract dated """"\7' Lease dated ~ Special Event A pli ation dated --- Miscellaneous Activity === Unknown Activity dated This office has received the attached Certificate of Insurance Form presumably for the document identified above. 1. This Certificate of Insurance is in compliance with the insurance requirements contained in the contract identified above. 2. This Certificate of Insurance is not in compliance with the insurance requirements in the contract identified above for the following reasons(s) : The General Liability ___ limits/Business Auto Liability limits shown are less than the required amounts. The type of General Liability policy provided is a "claims made policy when the contract called for an "occurrence" policy. Worker's Compensation Insurance coverage is not provided. Flood Insurance coverage is not provided. Plate Glass Insurance Coverage is not provided. Boiler and Machinery Insurance coverage is not provided. Business Automobile insurance coverage is not provided. The City has not been provided a copy of the policy(s) . The City is not shown as an additional insured. The Notice of Cancellation is for a shorter period than required. The policy deductible shown is not provided for by the contract X ~~i4nM~r~' This cer~iflcatL mayor may not be in compliance with a City contract, but this office cannot offer an opinion because neither the contract nor the purpose of the Certificate of Insurance can be identified. ,. m4RJAJe- -4 ~ 3. cc: Department (If no department is shown, it is because no department can be identified.) t.' '.' '." '. '.. " I.. :t~" - 'f I I LEASE AGREEMENT '11- THIS LEASE AGREEMENT, made and entered into this ;;z"K day of ~::td~ , 1985, by and between the CITY OF CLEARWATER, FLORIDA, a municipal corporation, hereinafter referred to as ''Lessor'' and HOWARD G. HAMILTON, hereinafter referred to as ''Lessee'': WITNESSETH: That in consideration of the covenants herein contained of the granting of this lease and the sums paid and to be paid hereunder, the Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor according to the terms, conditions, and covenants herein contained the following described premises located in the City of Clearwater, Pinellas County, Florida, to-wit: Food Concession and Restroom Complex Building located on the West 140 feet of the East 215 feet of the South 1/2 of Lot 18, and Lots 19 and 20, Lloyd, White and Skinner Subdivision, in Section 7, Township 29 South, Range 15 East, as recorded in Plat Book 13, pages 12 and 13, of the Public Records of Pinellas County, Florida. THE PARTmS HERETO HEREBY FURTHER COVENANT AND AGREE AS FOLLO WS: 1. The term of this lease is fifteen (15) years, beginning on the 1 st day of November, 1985 and ending on the 31 st day of October, 2000. As referred to in this agreement, a "lease year" is that year that commences on the 1 st. day of JanuClry of each year and terminates on the 31 stday of December of each year during the term of this lease. Reference to the City Manager throughout this lease refers to Lessor's City Manager or his designated agent. The term ''Lessor'' refers to the City and any act to be taken by the Lessor under this Lease must be taken by the City Commission. 2a. The City Manager may cancel this lease at any time by giving 15 days prior written notice to the Lessee, or any of his agents or his attorney, when in the opinion of the City Manager inferior service is being offered or the terms of the minimum financial agreement are not being met or for any other good and valid reason that in the opinion of the City Manager might detract from Clearwater and is not in the best interest of the people of Clearwater. Such written notice shall state in particular any and all complaints and Lessee shall have 15 days within which to reasonably correct such complaints to the satisfaction of the City Manager. b. The Lessor retains the right to terminate this lease for any municipal need consistent to Lessor's charter. This right of termination is to be considered in ec: a'/{;!,~~' ,:/) -1- '); " (' /', . " , ..,.... ,q- DOL{ -/5 , , .;.} f ) 1 addition to the right of termination set out in paragraph 2a of this agreement. Provided however that should the Lessor terminate this agreement for any reason, the Lessor will reimburse the Lessee for its unamortized real property improvements to the site in accordance with the depreciation and amortization schedules to be submitted by Lessee under paragraph 10c of this agreement, less any amounts recovered by Lessee pursuant to paragraph 14 and Exhibit A, provided further that: (1) Said improvements are permanent and cannot be moved economically to another site; (2) The maximum reimbursement shall not exceed $117,500.00; (3) In the event that additional improvements are made to the demised premises, with the written consent of the Lessor, during the term of this lease, the cost of such improvements may be added to the original value of improvements shown in 2a(2) above as depreciated. Said improvements, as distinguished from personal property of the Lessee, shall be certified as to cost by an independent Certified Public Accountant; and (4) The claim for reimbursement shall be supported by independently audited financial statements prepared by a Certified Public Accountant which shall attest to the faimess of the original investment value and subsequent amortization expenses. 3. The Lessee shall be allowed to sell exclusively the following merchandise at the Food Concession Complex: a. Hot foods: hot dogs, hamburgers and other like hot foods such as french fries, as may be prepared by using the grill and french fryer. b. Ice cream. c. Cold sandwiches, both prepared and pre-packaged, cookies, popcorn, chips and other such packaged food items. d. Beverages (non-alcoholic). e. Sundry items and other personal beach recreational and clothing items. 4. The Lessee shall be allowed to rent beach chairs, cabanas, umbrellas, and rubber or canvas floats. The equipment may be used on City-owned property South of the westward extension of First Street and North of the filled area used for parking, more particularly described as: Lots 5 through 32, inclusive, of Lloyd, White and Skinner Subdivision, less any of the above-described property used now or in the future by the Lessor for other purposes. - 2 - \' ";' 1 I I 5. The Lessee is specifically prohibited from hawking or other verbal solicitation of any type either at the Food Concession Complex or the beach equipment rental area. No coin-operated amusement devices or machines or any juke boxes will be allowed. No inside or outside loud speakers will be permitted. 6. The Lessee is responsible for the cleanliness and maintenance of the public restrooms. 7. The hours of operation for the Food Concession Complex, beach equipment rental concession and restrooms shall be no earlier than 8:00 a.m. and no later than 10:00 a.m. for opening, and no later than one-half hour after SWlset for closing. The beach rental equipment shall be removed from the beach and stored by sWlset. The use of trucks and other vehicles on the beach will be permitted for distribution and pickup of beach equipment only. The times for distribution and pickup and the conditions Wlder which the vehicles are operated must be authorixed in writing by the City Manager. 8. The Lessor reserves the right to review and approve prices to be charged for all sale and rental items. Prices may be modified when authorized in writing by the City Manager. The Lessee has the right to appeal any decision of the City Manager to the City Commission. List of current prices must be submitted within 20 days of the date of this agreement. 9. In consideration of the Lessee waiving its right to reimbursement of $30,000 owed to the Lessee by the Lessor under a previous lease agreement, the Lessor will provide nine (9) parking spaces for use by Lessee's employees for years 1 through 10 of this lease. During years 11 through 15, Lessor will provide Lessee nine (9) parking spaces at the rate of $25.00 per space per month. Payment for the rental of these parking spaces will be included with the monthly payments made pursuant to paragraphs 10a(1) and 10b(1) of this lease agreement. The placement of the nine (9) parking spaces will be in accordance with a diagram attached as Exhibit B to this lease agreement. In the event this lease is terminated by Lessor prior to the completion of year ten of this lease, Lessor will reimburse Lessee the Wlused portion of the $30,000 currently owed to Lessee. 10. The Lessee hereby covenants and agrees to pay: a. For concessions, sWldries and beachwear as follows: -3- ( ; I , ; - ~ "" . ~ (1) A guaranteed minimum rental in equal monthly payments, which will be due and payable on the first day of each month, an amount in accordance with the following schedule: Years of Lease Total Minimum Rental Monthly Paym ents 1st through 3rd 4th through 6th 7th through 9th 10th through 12th 13th through 15th $195,000 $210,000 $225,000 $240,000 $255,000 $5,416.66 $5,833.33 $6,250.00 $6,666.66 $7,083.33 (2) In addition to the guaranteed minimum rental provided for in paragraph 10a(1), at the end of each lease year, 10 percent (10%) of yearly gross sales exceeding $650,000.00 for lease years 1 through 3, $700,000.00 for years 4 through 6, $750,000.00 for years 7 through 9, $800,000 for years 10 through 12, and $850,000 for years 13 through 15. This payment will be made along with the Lessee's payment of the guaranteed minimum monthly rental payment per paragraph 10a(1) for the first month of each lease year beginning with the second lease year. The Lessee will provide the Lessor within 15 days of the end of each monthly period during the term of this lease a statement showing the amount of gross sales during the preceding month. The statement used by the Lessee to report such sales will be in such form as to be satisfactory to the City Manager and must be certified as correct by the Lessee's chief financial officer, or his designee, showing the amount of gross sales at and/or from the demised premises during the monthly periods being reported by the statement and the amount of year-to-date gross sales for the lease year. (3) The term "Gross Sales" as used in paragraph 10a(1) and (2) means the entire amount of the actual sales price, whether for cash or otherwise, of all sales of food, services, beverages, clothing, or other receipts whatsoever of all business conducted in, on or from the premises, including mail or telephone orders received or filled at the premises. No deduction shall be allowed for uncollected or uncollectible credit accounts. Such term shall not include, however, any sums collected and paid out for any sales or excess tax imposed by any duly constituted governmental authority wherein Lessee is regarded as the collecting agent. b. For beach rentals as follows: (1) A guaranteed minimal rental in equal monthly payments, which will be due and payable on the first day of each month, an amount in accordance with the following schedule: Years of Lease Total Minimum Rental Monthly Paym ent 1st through 5th 6th through 10th 11th through 15th $37,500.00 $40,000.00 $43,000.00 $625.00 $666.66 $716.66 - 4- ,"~I I , (2) In addition to the guaranteed minimum rental provided for in paragraph 10b(1), at the end of each lease year, 10 percent (10%) of yearly gross sales exceeding $75,000 for years 1 through 5; $80,000 for years 6 through 10 and $86,000 for years 11 through 15. This payment will be made along with the Lessee's payment of the guaranteed minimum monthly rental payment per paragraph 10b(1) for the first month of each lease year beginning with the second lease year. The Lessee will provide the Lessors within 15 days of the end of each monthly period during the term of the lease a statement showing the amount of gross sales during the preceding month. The statement used by the Lessee to report such sales will be in such form as to be satisfactory to the City Manager and must be certified as correct by the Lessee's chief financial officer, or his designee, showing the amount of gross sales at and/or from the demised premises during the monthly periods being reported by the statement and the amount of year-to-date gross sales for the lease year. (3) The term "Gross Sales" as used in paragraph 10b(1) and (2) means the entire amount of the actual sales price, whether for cash or otherwise, of all beach chairs, cabanas, umbrellas, floats and other receipts whatsoever from all beach rental business conducted in, on or from the leased premises as per this Agreement. No deduction is allowed for uncollected or uncollectible credit accounts. Such term does not include, however, any sums collected and paid out for any sales or excise tax imposed by any duly constituted governmental authority wherein Lessee is regarded as the collecting agent. c. The Lessee further agrees to submit an audited certification of annual gross sales as certified to by a Certified Public Accountant within 60 days of the end of each lease year. The scope of the audit must include the Lessee's compliance with the terms of the lease to disclose the gross sales at or from the demised premises. The statement shall be prepared according to generally accepted accounting principles and practices, showing in all reasonable detail the amount of gross sales during the prior lease year. The Lessee also agrees to provide at the same time as the statement regarding annual gross sales pertinent depreciation and amortization schedules filed with the Internal Revenue Service for the prior year. d. Any amount due from Lessee to Lessor under this lease which is not paid when due shall bear interest at the maximum allowable legal rate from date due until date paid, together with a late charge of Fifteen Dollars ($15.00) to cover - 5 - '-'. ' ," I , Lessor's extra expenses involved in collecting such delinquency; provided that such interest and late charges shall be automatically reduced by such amount as necessary to cause such charges to be in compliance with usury laws. The late charge must be paid within 30 days of the day the delinquent payment was due. 11. The Lessee hereby covenants and agrees to make no lIDlawful, improper, or offensive use of the leased premises. Lessee further covenants and agrees not to assign, mortgage, pledge, hypothecate, or sublet this lease in whole or in part without the prior written consent of Lessor, however such consent will not be withheld unreasonably. The consent of Lessor to any assignment, mortgaging, pledging, hypothecating, or subletting shall not constitute a waiver of the necessity for such consent to any subsequent assignment, mortgage, pledging, hypothecating, or subletting. This paragraph shall be construed to include a prohibition against any assignment or subletting by operation of law. If this lease is assigned, or if the premises or any part thereof are sublet or occupied by anybody other than Lessee, Lessor may collect rent from the assignee, subtenant or occupant, and apply the net amount collected to the payments to be made herein by Lessee, but no such assignment, subletting, occupancy or collection sh~l be deemed a waiver of this covenant, or the acceptance of the assignee, subtenant or occupant as tenant, or a release of Lessee from the further performance by Lessee of covenants on the part of Lessee herein contained. If at any time during the term of this lease, any or all of the Lessee's interests are transferred by sale, assignment, bequest, inheritance, operation of law or other disposition, Lessee shall promptly notify Lessor in writing of such change. Lessor will within 30 days advise Lessee if it has any objections thereto and the detailed reasons therefore. Lessee shall have thirty (30) days from receipt of said objections within which to try to convince Lessor of the unreasonableness of its objections, failing which Lessor may terminate this lease any time after such change in ownership giving Lessee ninety (90) days prior written notice of such termination, such notice to be provided within thirty (30) days following the time period provided to Lessee. Lessee shall not permit any business to be operated in or from the premises by any concessionaire or licensee. 12. Lessee agrees that it will promptly pay all ad valorem real property taxes and personal property taxes that may be assessed against the leased premises during the term of this agreement. Lessee further agrees that it will pay any state sales tax due on the rental payment made by the Lessee to the Lessor and that it will - 6 - I I pay all other taxes, including but not limited to, occupational license, beverage license, and permits relating to the operation of the business conducted on the leased premises, which are required by law. It is further agreed by the Lessor that nothing herein shall obligate Lessee to payor to reimburse Lessor for the payment of assessments for permanent improvements or betterments, such as sidewalks, sewers, and streets that would normally accrue to the demised premises. 13. Lessee hereby covenants and agrees to pay all bills for electrical current, gas, water, heat, refuse collection, and other services to the premises when due. 14. Lessee is authorized and will make, at his expense, structural improvements to the concession area as outlined in Exhibit A, attached hereto. 15. Lessee will use biodegradable materials whenever feasible. 16. Lessee will provide all equiment and merchandise necessary for the operation of the concession complex. In addition to the items in paragraph number 13, the Lessee will pay all normal day-to-day repair and maintenance costs, being certain that any material used in repair and maintenance will be equal to or better than that originally provided, and all required insurance premiums. 17. Lessee will be responsible for picking up and disposing of all trash, garbage, and other debris, whether or not initiated from the sales of the food complex, within 200 feet of the leased premises. Lessee is authorized to place trash cans in the immediate area of the leased premises, said trash cans to be maintained by the Lessee. 18a. Lessee agrees to indemnify and hold Lessor and its employees harmless from and against any and all claims, demands, causes of action or lawsuits of whatever kind or character arising directly or indirectly out of this agreement and/or performance hereof. This indemnity clause includes, but is not limited to, claims, demands, causes of action or lawsuits for damages or injuries to goods, wares, merchandise and property and/or for any bodily or personal injury or loss of life in, upon or about the leased premises or the surrounding premises the Lessee is required to maintain or which the Lessee uses in connection with the business operated at, on or from the leased premises. All personal property, including trade fixtures, in the leased premises shall be at the risk of Lessee, and Lessor shall not be liable for any damage to such property arising from any cause including, but not limited to, bursting, leaking or accidental operation of water or sewer pipes; roof leaks or flooding. -7 - I I Lessee agrees to investigate, handle, provide defense for and defend any such claims, demands, causes of action or lawsuits at its sole expense and agrees to bear all other costs and expenses related thereto, even if the claim, demand, cause of action or lawsuit is groundless, false or fraudulent. In any cases in which such indemnification violates any applicable legal prohibition, the foregoing provisions concerning indemnification shall not be construed to indemnify the City for damage arising out of bodily injury to persons or for damage to property caused by the sole active negligence of the City or its employees. b. Lessee shall at his own expense purchase or maintain during the term of this agreement, the insurance coverages set out below: (1) Property Insurance - (Real property including improvements and/or additions). (a) Form - All Risk Coverage - Coverage is to be no more restrictive than that afforded by the latest edition of Insurance Services Office Forms CFOOll, CF0013, CF0420, and CF1210. (b) Amount of Insurance - The full insurable value on replacement cost basis. (c) Flood Insurance - When buildings or structures are located within an identified special flood area, flood insurance must be provided for the Lessor of the total insurable value of such buildings or structures, or, the maximum of flood insurance coverage available under the National Flood Program. (d) The City of Clearwater, as Lessor, shall be named as an addi tional insured. (2) Boiler and Machinery Insurance - If the buildings or structures include boiler(s), pressure vessel(s), and/or air conditioning/heating equipment, Lessee shall maintain comprehensive insurance covering loss on the demised property including liability for damage to property of others. (a) Repair and replacement. (b) Amount of insurance - $1,000,000 per accident. (c) The City of Clearwater, as Lessor, shall be named as an additional insured. (3) Comprehensive General Liability - Coverage must be afforded on a form no more restrictive than the latest edition of the Comprehensive General Liability Policy filed by the Insurance Services Offices and must include: - 8 - I I (a) Minimum limits of $1,000,000 per occurrence combined single limits for Bodily Injury Liability, Personal Injury, and Property Damage Liability. (b) Premises and/or operations. (c) Independent contractors. (d) Products and/or completed operations. (e) Personal injury coverage with employee and contractual exclusions removed, including coverage for liability resulting from the dispensing of alcoholic beverages, if Lessee at any time during the term of this lease obtains a license to serve any type of alcoholic beverages. (f) The City of Clearwater, as Lessor, shall be named as an additional insured. (4) Business Auto Policy - Coverage must be afforded on a form no more restrictive than the latest edition of the Business Auto Policy filed by the Insurance Services Office and must include: (a) Minimum limits of $1,000,000 per occurrence, combined single limits for Bodily Injury Liability and Property Damage Liability. (b) Coverage on all vehicles (owned, hired and non-owned). (c) The City of Clearwater, as Lessor, shall be named as an additional insured. (5) Workers' Compensation - Coverage to apply for all employees for statutory limits in compliance with the applicable State and Federal laws. In addition, the policy must include Employers' Liability with a limit of $500,000 each accident. If the self-insured status of the Lessee is approved by the State of Florida, the Lessor agrees to recognize and accept same upon proof of such approval. c. In addition, Lessee shall provide to the Lessor the following: (1) Complete copies of all insurance policies required by this agreement. (2) Not less than thirty (30) days notice of cancellation or restrictive modifications of any insurance policy providing the coverage required by this agreem ent. - 9 - " I , 19. If at any time during the term of this lease, the buildings or premises or any part, system, or component thereof, (hereinafter, the "demised premises") shall be damaged or destroyed, said demised premises and any additions or improvements thereto, shall be promptly repaired or rebuilt or restored by the Lessee to the condition as good as the same was immediately prior to such damage or destruction at the Lessee's risk and expense, and in accordance with plans and specifications mutually agreed upon at the time; or if none can be agreed upon, then in accordance with the original plans and specifications and any subsequent plans and specifications for any additions or improvements constructed prior to the damage. The work of restoration or rebuilding shall be in full compliance with all laws and regulations and government ordinances applicable thereto. The insurance proceeds shall be paid to the Lessor, and such proceeds will be used for the repair or restoration. Any cost of repairs or restoration in excess of the insurance proceeds shall be borne by the Lessee. Any insurance proceeds in excess of the cost of repairs or restoration shall belong to the Lessee. During the period of such damage or destruction, whether in whole or in part, the monthly guaranteed rent as provided in paragraphs lOa and lOb shall abate for no more than 120 days or until commencement of business, after receipts of all building permits, whichever is sooner. Lessor shall not withhold unreasonably building permits Lessee applies for and are necessary to repair such damage or destruction. If the demised premises shall be totally destroyed or so damaged as to render it practically useless during the term of this lease, then and in that event, the Lessee may terminate this lease as of the date of such damage or upon thirty (30) days written notice to the Lessor. In the event of such termination the insurance proceeds provided for under this lease shall be paid to the Lessor. In the event of such destruction and except as otherwise specifically provided under this agreement, both parties waive any and all rights of recovery against each other for any direct or indirect loss occurring to the demised premises. 20. Lessor, at its option, may exercise anyone of the remedies provided in subsection f of this paragraph, except as otherwise provided herein, upon the happening of anyone or more of the following events ("Events of Default"): a. Lessee's default in the payment of any rental or other sums due for a period of five (5) days after the due date; -10 - . ", '-, ~ . '~ ': ( I b. Lessee's continued default with respect to any other covenant of this lease for a period of fifteen (15) days after receipt of written notice of such default by Lessee from Lessor, provided that if such default reasonably required more than fifteen (15) days to cure, there shall be no Event of Default if Lessee has commenced correcting action within the fifteen (15) day period and is diligently prosecuting such action; -11- '~ ,., ,~ I I calculated on the basis of Lessee's gross sales for the immediately preceding twelve (12) month period or for the period, adjusted on an annualized basis, commencing with the first day of this lease if this lease has not been in effect for twelve (12) months. In addition to its remedies hereunder, Lessor may accelerate all fixed rentals due tmder this lease, in which event the Lessee shall be liable for all past due rent, accelerated rent and damages as described above; however with respect to the accelerated rent, Lessor shall receive only the present value of such accelerated rent. At any time during repossession and reletting pursuant to this subsection, Lessor may, by delivering written notice to Lessee, elect to exercise its option under the following subsection to accept a surrender of the premises, terminate and cancel this lease, and retake possession and occupancy of the premises on behalf of Lessor. (2) Declare this lease to be terminated, whereupon the term hereby granted and all right, title and interest of Lessee in the premises shall end and Lessor may re-enter upon and take possession of the premises. Such termination shall be without prejudice to Lessor's right to collect from Lessee any rental or additional rental which has accrued prior to such termination together with all damages, including, but not limited to, the damages specified in paragraph 20(1), and the loss of prospective percentage rentals, suffered by Lessor because of Lessee's breach of any covenant under this lease. Such prospective percentage rentals shall be calculated on the same basis as in paragraph 20f(1). (3) Exercise any and all rights and privileges that Lessor may have under the laws of the State of Florida and/or the United States of America. 21. Lessee shall secure prior written approval from Lessor for modifications or remodeling of existing facilities or for the construction of any new facilities, such approval not to be unreasonably withheld or delayed. The terms remodeling or modifications as used herein shall include only those events requiring the issuance of a building permit. It is agreed that the existing improvements, together with any improvements constructed by Lessee during the term of this lease on the demised premises, shall become the property of the Lessor upon the expiration or termination of this lease; provided, however, that said reference to improvements herein contemplates improvements to the real estate which become a part of the land as distinguished from personal property utilized by the Lessee. -12 - -, -, ~, ;'"\" .' tf' .. ~ I I 22. Lessee shall, at his expense, at all times during the terms of this lease keep the leased premises and all improvements and facilities thereon in good order, condition, and repair. It is specifically understood by Lessee that the Lessor has the right to inspect the leased premises and improvements at any time to ensure that the premises and improvements are indeed in good order, condition, and repair. Upon the termination or expiration of this lease, Lessee shall repair any and all damages to the premises caused by the removal by Lessee of personal property. 23. Upon the termination or expiration of the lease for whatever cause, the Lessee shall have the privilege at his own expense of removing its equipment, signs, insignia, and other indicia of its tenancy or use. 24. Lessee agrees to indemnify and save harmless the Lessor by reason of any mechanic's lien which may be asserted as a claim against the leased property, and to furnish Lessor a good and sufficient bond signed by a reputable bonding company doing business in Florida, which bond shall be in an amount equal to 100 percent (100%) of the cost of construction of the contemplated improvements to the demised premises. 25. The Lessee hereby covenants and agrees to promptly and continously comply with all regulations and orders of the Health Department and health officers of the local, state, and national governments; and Lessee hereby covenants and agrees to keep, operate, and maintain the concession in such a manner as to preclude any warnings of major violations or notices to show cause being issued by any regulatory agency authorized to inspect the premises under Florida Statute 509 as it presently exists or as it may be amended. In addition, Lessee agrees to forward to Lessor a copy of each inspection report issued in accordance with Florida Statute 509 as it presently exists or as it may be amended within fifteen (15) days of receiving any such reports. 26. Lessor covenants and agrees that upon payment by Lessee of the rents herein provided, and upon observance and performance by Lessee of all the covenants, terms, and conditions required of the Lessee by the lease, Lessee shall peaceably and quietly hold and enjoy the leased premises for the term of the lease without hinderance or interruption by Lessor. 27. Notices hereunder shall be given only by registered letter or telegram and shall, unless otherwise expressly provided, be deemed given when the letter is deposited in the mail or the telegram filed with the telegraph company, postage or charges prepaid, addressed to the party for whom intended at such party's address first herein specified or to such other address as may be substituted therefore by proper notice hereunder. Notice to be provided to Lessor under this lease shall be directed in care of its Legal Department at the above-cited address. -13 - , ..~. !, ( t . "_~ ..... ':1' :". ",. ~ .. .., II I " 28. If the Certified Public Accountant providing the annual audit required by paragraph 10c above is not an independent Certified Public Accountant, Lessee at the City Manager's option, agrees to make all records of gross sales pertaining to this lease available to an independent Certified Public Accountant chosen by the City Manager, for the purpose of confirming the fair representation of the previously submitted audits. Any such audit provided for in this paragraph may not go back for more than three (3) years. If an independent Certified Public Accountant, chosen by the Lessor, audits the business operated hereunder, and finds that a fair representation of the gross revenues understates lease revenue due the Lessor, the cost of the independent audit shall be borne by the Lessee; if the independent audit confirms the fair representation of the Lessee or overstates lease revenue due to the Lessor, the Lessor shall pay for the audit. 29. No sign of any type will be posted, erected, hung or otherwise placed in view of the general public so as to advertise any product or identify the concession complex unless permitted by the City of Clearwater Code of Ordinances, as they now exist or as they may be amended, and unless authorized and approved by the City Manager. However, the Lessee must provide menu-type board or boards to be placed inside the food concession area so that they will be plainly visible to the public and list the food and drink items for sale with their corresponding prices. Lessee also will place a sign inside the food concession area so it will be plainly visible to the public which states that the concession area and beach rentals are operated by Lessee and not Lessor. The Lessor will be responsible for signs at the entrance of the restrooms indicating appropriate gender. A sign denoting the price list of all beach equipment rentals must be posted by the Lessee at the entrance to the rental concession area as well as at one other point from which the rental of beach equipment has heretofore been authorized. 30. Restroom facilities must be kept clean and sanitary at all times and are subject to inspection by Lessor. No coin-operated toilets or other coin-operated devices will be allowed in the aforementioned restroom facilities except upon written authorization of the City Manager. Lessee agrees to notify immediately the Lessor's Police Department at any time the Lessee becomes aware of any activity that is a violation of a law in the area of the concession complexthat is in violation of any law. 3!. Lessee agrees to provide change of dollar bills to users of Lessor's parking lot so that these users are able to deposit the coins required in the parking -14 - ~ .. '- " J ~ ,,' tot .~. . ~ l ." . ',: 4 I I meters. It is the parties' intent that the Lessee will provide said change whenever possible. 32. Lessee's exclusive right to rent beach equipment from the leased premises does not deny members of the public the right to bring their own equipment f or personal use. 33. All sales shall be recorded on a tape cash register and the tapes shall be maintained for review by the Lessor's auditor. The Lessee shall maintain an adequate set of books and records of his operation of the business of renting beach equipment and the sale of food, beverages and sundries, and his books and records must be provided to the City Manager at his request. The Lessee must cease using any items such as paper bags, cups, etc., which may advertise the leased premises on or at any other premises whether or not owned or operated by Lessee when the current inventory of said items is expended. Lessee also must cease using any similar items at the leased premises that advertise any business not operated at, on or from the leased premises when the current inventory of said items is expended. 34. In the event the Lessor retains an attorney to enforce any of the provisions of this lease, or renewals of or addenda to this lease, or to effect the enforcement of any legal right of the Lessor against the Lessee, the Lessee agrees to pay the Lessor all costs of said enforcement reasonably incurred, including court costs and reasonable attorney's fees. IN WITNESS WHEBEOF, this lease is executed as of the date first above wri tten. count;hs' / Approved as to form and correctness: ~r1J Signed, sealed and delivered in the presence of: -------. By Attest: (\~2:4::~'oC~ CIty E;lerk::__ -." _ - . ..... ._.... -...~<" ,-WYij4Jk HOWARD G. HAMILTON . -15 - . . - - ,- ... ,,'- ~..; ~ " " ~,.... .,~,' i ,~ , 1 , J EXHIBrr A The structural improvements to be made at Lessee's expense will be constructed in accordance with final plans prepared by Lessee, conditioned on the receipt of all necessary approvals and permits. Such approvals and permits, as well as any variances required, will be applied for and obtained at Lessee's expense. Lessor will cooperate with Lessee in attempting to obtain all the necessary permits and variances. The preliminary plans previously submitted by Lessee to Lessor reveal the basic improvements to be made and shall form the basis for the final plans. Lessor recognizes that the proposed life guard station is solely for its benefit and agrees to reimburse Lessee for the cost of this improvement. The amount reimbursed for the construction of the life guard station and any other improvements related to the life guard station will not exceed $55,000.00. Lessor also agrees to reimburse Lessee one-half of the cost of improving and extending the porch area at the leased premises. The reimbursement for the improvements to the porch will not exceed $6,250.00. These reimbursements will be recaptured by Lessee out of those yearly rental payments to be made by Lessee pursuant to paragraphs lOa(2) and 10b(2). These reimbursements will not affect the guaranteed monthly rentals to be paid pursuant to paragraphs lOa(1) and lOb(l). The amount recaptured each year by Lessee under this provision must be reflected in the annual certification of annual gross sales to be provided by Lessee pursuant to paragraph lOco " .. -. ,,'!' -"~-~ ,> ~' ,~-'. ..~ ' ;. ,-if ...... ( ( I RESERVED PARKING FOR S. BEACH PAVl L\ON ( 9 SPAC.ES SHO'N~ A.S SHADED ARE-A.) PARKING. LOt . . . "-lOT TO SC.l\LE. . ) ~. NOT TO SC.ALf: EXHIBIT B y. ..J . 4:: '3 w f5 U) l' -. - ; -":: ~:: '~; ..- .,. :-_." -::..1 "..".. ( ~ - ", " .. ,'. ::" ~ ;{C't.:_.-,", , '.. - .....-..... ' ~-~:: ~ " ~,.:'>. i ",~" .', - . - ;L~... ~ .- r <. ---.--:..~-(..~~--~ . . . . . Q > ...J CO 3: w > u.. .J :J <...9 . <f) 9/2.1/55