HomeMy WebLinkAbout1909 WHEREAS, said rent, together with other monies to be
due under said Long Term Lease Aqreement, will be a common
expense of said condominiums, and
WHEREAS, the parties hereto desire that the Manager
operate and manage said condominiums under the terms and condi-
tions hereinafter set forth;
NOW, THEREFORE, in consideration of the mutual covenants
herein contained, it is agreed as follows: ~
1. APPOINTMENT OF MANAGING AGENT.
The Association appoints the I?lanager as its exclusive ~
agent in the operation of the three condominiums for which
the Association will have operating responsibilities that are
to be established by the Developer upon the land in St. Lucie
County, Florida described in Exhibit "A" attached hereto and
made a part hereof. -
The duties of the Manager under this Management Agreement
are confined to the common areas and facilities of-such condo-
miniums, to the parcel of land leased to the Association under
its Long Term Lease with the Lessor and to improvements, buildings,
equipment, furniture and fixtures constructed, installed or
brought thereon.
2. TERM OF AGREEMENT.
The term of this Management Agreement will begin on
the date of the recording by the Developer of a Declaration
of Condominium in the public records of St. Lucie County, Florida
by which any portion of the land described in Exhibit "A" attached
hereto is submitted to the condominium form of ownership and
a condominium for which the Association will have operating
responsibilities is thereby established. It will continue
for a period of five (5) years from the date of such recording,
and shall be renewable thereafter at the exclusive option of
the Manager for an additional period of five (5) years, provided
that said option to renew shall be exercised by notice of elec-
tion, in writing; from the Manager to the Association within
60 days of the expiration of the original five-year term provided
herein.
3. POWERS AND DUTIES OF MANAGER.
The Manager will have all the powers and duties given
and assigned to the Association by the Condominium Act, by '
the applicable Declarations of Condominium submitting the land ~
described in Exhibit "A", or any part thereof, to the condo-
minium form of ownership, by the Articles of Incorporation
and Bylaws of the Association, by the Association's Long Term
Lease with the Lessor, and by this Management Agreement. However, -
the powers and duties of the Manager will not include any specifi-
cally given or assigned to the Board of Directors or membership E
of the Association by said Declarations of Condominium, Articles ;
of Incorporation, Bylaws and Long Term Lease; they will not
include the making of assessments; they will not include the
power to amend said Declarations c~f Condominium, Articles of
Incorporation, Bylaws and Long Term Lease; they will not include
the power to assign, sublease or mortgage the Association's
interest in said Long Term Lease; they will not include the
power to lease the common elements of the condominiums; and
they will not include the power to enter into any additional
leases demising land or other property to the Association.
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FEE. PARKER & FEE. P. A. ~~Q~ 214 ~Ari ~~8
ATTORNEYS AT (.AW
POST OFi1CE BOX }000
FORT PIERCE. FLORIDA 33450
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