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LICENSE AGREEMENT FOR 10 YEARS TO 03/01/2011 FOR NONEXCLUSIVE USE OF 50 NON-DESIGNATED PARKING SPACES AT THE GARDEN AVENUE MUNICIPAL GARAGE I I LICENSE. AGREEMENT TIllS LICENSE made this ~ 3'; day of 1~ , 2001, by and between the CITY OF CLEARWATER, FLO~A, a Florida Municipal Corporation ("Licensor"), and CLEARW ATER-GARDEN TOWER OPERATING ASSOCIATES, a New Mexico Limited Partnership, having a principal business address at 330 Garfield Street, Santa Fe, New Mexico 87505 ("Licensee"); (Whenever used herein the term "Licensor" and "Licensee" shall include all of the parties to this agreement and heirs, legal representatives and assigns of the individuals, and the successors and assigns of corporations) WIT N E SSE T H: WHEREAS, the Licensor is owner and operator of the Garden Avenue Municipal Garage located at 28 North Garden Avenue ("Garage"), Clearwater, Florida; and, , WHEREAS, Licensee wishes to secure the non-exclusive use of 50 non-designated parking spaces in the garage for current and future tenants of the Bank of America Building, 600 Cleveland Street, Clearwater, Florida; and, WHEREAS, Licensor is agreeable to granting Licensee the privilege and non- exclusive use of said parking spaces for the purposes of vehicle parking; NOW, THEREFORE, in consideration of the of the foregoing recitals, the mutual covenants and conditions herein contained, and other good and valuable considerations, the receipt of which is hereby acknowledged, the parties hereby agree as follows: PARKING PRIVILEGES Licensor does hereby grant to Licensee non-exclusive parking privileges in and to fifty (50) non-designated parking spaces within the garage under the following terms and conditions: TERM AND FEE TIllS LICENSE shall extend from the 1 st day of March, 2001 ("Effective Date") for a primary term of ten (10) years, with the Licensee paying therefore the initial annual license fee of Twenty-four Thousand and---NoIlOO's---Dollars ($24,000.00), payable in advance in twelve monthly installments of One Thousand Seven Hundred Fifty and--- No/100's---Dollars ($2,000.00), plus applicable sales taxes, for a total monthly payment of $2,140.00 commencing upon the Effective Date hereof The above determined annual license fee reflects the initial monthly rent of $40.00 per parking space for each of the fifty (50) non-designated parking spaces licensed hereby, plus 7% sales tax. The initial monthly fee stipulated herein shall remain unchanged until such time as the monthly rate for all other parking spaces within the garage are adjusted, at which time the rate for the parking spaces hereby licensed shall equally adjust. Page 1 of 5 Zl 20 -0 :;-j ()() (;) I I EXTENSIONS Licensee shall have the option to extend this License for two (2) additional terms of five (5) years each so long as it has abided by the terms and conditions of the License and is not in default hereunder. In the event Licensee desires to extend the term of this License, Licensee shall give written notice to Licensor of such intention not less than one hundred eighty (180) days prior to termination of the primary term or any extension hereof. If timely notice is not provided to Licensor by Licensee as provided herein, all rights granted herein shall terminate and extinguish at 12:00 oclock midnight on the final day of the then current term. USE OF LICENSED SPACES Licensee covenants and agrees with Licensor that it shall not use the licensed parking spaces for any other purpose other than to provide non-exclusive automobile parking rights in conjunction with commercial leasing of office space within the Bank of America building. The licensed parking spaces shall be available to authorized tenants Monday through Friday of each week on an unlimited basis during the hours of 7:00 a.m. through 7:00 p.m., the current hours of operation. Licensor reserves unto itself the right to amend its hours of operation of the Garden Avenue Garage; but in no event shall authroized users of the herein licensed parking spaces be limited to the use thereof for less than the current hours per week as stipulated herein. ADMINISTRATION Licensee covenants and agrees with Licensor that it will deliver to Licensor in advance an individual Monthly Parking Application, a sample of which is attached hereto as EXHIBIT "A", for each individual to be granted parking privileges pursuant to the terms and conditions of this License, and to the faithful fulfillment of obligations as defmed in "Monthly Parking Regulations" attached hereto as EXHIBIT "B", or as such regulations may be hereafter amended. LIABILITY & INDEMNIFICA nON Licensee understands and agrees it shall assume all risks in the use of the licensed spaces as provided herein. Licensee shall hold Licensor harmless from all liability therefore, and shall defend, indemnify, and hold harmless the Licensor, its officers, agents, and employees from and against any and all loss, liaiblity and damages of whatever nature, to persons and property occasioned by Licensee's negligent or wilful misconduct, including, without limiting the generality of the foregoing, death of any person and loss of the use of any property except arising from the negligence or willful misconduct of Licensor or Licensor's agents or employees. This includes, but is not limited to, matters arising out of or claimed to have been caused by or in any manner related to the licensed parking spaces or Licensee's activities or those of any approved or unapproved tenant, invitee, contractor, subcontractor, or other person approved, ~ I I authorized, or permitted by Licensee in or about the premises, whether or not based on negligence. DEF AUL TffERMINA TION This License may be terminated by the parties under the following circumstances and in the following manner: a Bv Licensor: This license is subject to tennination by Licensor in the event of material default by Licensee in the performance of any of the terms, covenants or conditions of this License, and in the failure of Licensee to remedy, or undertake to remedy to Licensor's reasonable satisfaction, such default for a period of thirty (30) days after receipt of notice from Licensor to remedy same; or should Licensee vacate or abandon the use of the licensed parking spaces. Should Licensor's City Commission determine in a public hearing that a competing municipial need exists for the licensed spaces, in that event Licensor shall provide Licensee not less than one hundred eighty (180) days Notice of Licensor's intent to terminate this License Agreement. In the event of any of the foregoing occurrences, and delivery or mailing of Notice as above provided, all rights granted herein shall immediately extinguish and terminate, unless any time frame is provided to the contrary, and the licensed parking spaces shall revert fully to Licensor as though this License had never been granted. b. By Licensee: This license is subject to termination by Licensee in the event of material default by Licensor in the performance of any of the terms, covenants or conditions of this License, and in the failue of Licensor to remedy, or undertake to remedy to Licensee's reasonable satisfaction, such default for a period of thirty (30) days after receipt of notice from Licensee to remedy same. c. By Either Party: Either party may terminate this license upon providing the other party not less than one hundred eighty (180) days written notice of its intent to terminate. Such notice shall be deemed to have been given when mailed, postage paid, or personally delivered. NOTICE Any notice shall be in writing and shall be delivered by hand or sent by United States Registered Mail, postage prepaid and addressed as follows: Licensor Parking Manager City of Clearwater P. O. Box 4748 Clearwater, Fl. 34618-4748 Licensee Clearwater-Garden Tower Operating Associates, L. P. CIO Colliers Arnold 121 North Osceola Avenue Clearwater, Fl. 33755 4tJ I I With a COPy to Clearwater-Garden Tower Operating Associates, L.P. 330 Garfield Street Santa Fe, NM 87501 Such addresses may be changed from time to time by either party by giving notice as provided above. Notice shall be deemed given when delivered (if delivered by hand), or when postmarked if sent U. S. Mail, certified, retwn receipt requested. DISCLAIMER OF WARRANTIES This License constitutes the entire agreement of the parties regarding the premises described herein, and may not be changed, modified or discharged except by written amendment duly executed by both parties. Licensee agrees that no representations or warranties shall be binding upon Licensor unless expressed in writing herein or in a duly executed amendment hereof. Further, Licensor does not warrant and hereby disclaims any and all liability and responsibility for or on accOlmt of the condition of the premises, or any portions thereof, or for or on account of anything affecting such conditions. ASSIGNMENT This License, or any right or interest granted herein, may not be assigned, transferred or sub-licensed by Licensee without the consent of the Licensor, which shall not be unreasonably withheld. It is mutually understood that Licensor may, at any time, with notice, assign or delegate any or all of its rights hereunder so long as none of Licensee's rights herein are in any way impaired.. Signature Page - License Agreement Grantor: City of Clearwater, Florida Grantee: Clearwater-Garden Tower Operating Associates, L. P. # ; I I IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and date first above written. LICENSOR: co. untersigned: CITY OF CLEAR WATER, FL:;;!;! A__ f!-~y: ~f3~-:rr Brian 1. Aungst - William B. Home, II Mayor~Commissioner Interim City Manger Attest: ~. [, 4.. ~.,- C 'a R Goudean, City Clerk LICENSEE: Signed, sealed and delivered in the presence of: CLEARWATER-GARDEN TOWER OPERATING ASSOCIATES, L. P. By: BGK CLEARWATER TOWER, LLC its mana . g member By: Cheryl S. W. oughby, Senior Vice-President _Ptf-~I"I<- /), c;,UdJr(/~ Type/Print witnesses name yJ~ d 4dL- Witness Signature (l ~~~ Witness Signature HI-- lehe :::;;;J,JUvt lee/L T ype/Print witnesses name Approved as to form: iJf~( ('~". e Hayman, Assi t City Attorney f)/J