MEMO REGARDING LEASE EXTENSION
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November 12, 1997
Mr. Michael J. Roberto
City Manager
City of Clearwater
Post Office Box 4748
Clearwater, Fl. 33758-4748
RE: Lease Extension - 712 North Osceola Avenue
Dear Mr. Roberto:
I
In 1993 the Clearwater City Commission granted The Clearwater Group, Inc. a five year
lease of the referenced property owned by the City of Clearwater. That lease commenced
on April 15, 1993 and will terminate on April 14, 1998. Article IT of the lease granted The
Clearwater Group an option to renew the lease for an additional five year term following
its termination.
Pursuant to Article xvn of the lease (NOTICE), please accept this letter as notification
that The Clearwater Group, Inc. hereby avails itself of the option granted and agrees to
extend the subject lease agreement through April 14, 2003 upon the same terms and
conditions now in effect.
Sincerely,
~~~
Kenneth FrericW;,
Corporate Secretary
The Clearwater Group, Inc.
cc: Cynthia E. Goudeau, City Clerk
John Carassas, Assistant City Attorney
Earl Barrett, Real Estate Services Manager
/q~O 75-00
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