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THIS AGREEMENT made and entered into this ~r~day of ~
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December, 1976, by and between the CITY OF FORT PIERCE, a
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Florida municipal corporation, herefnafter referred to as the `
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Lessor and ST. LUCIE COUNTY, State of Florida, a political ~
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~ subdivision, hereinafter referred to as Lessee. !
W I T N E S S E T H: ~
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FOR AND IN CONSIDERATION of the mutual promises, covenants ~
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4; and conditions herein contained to be kept and performed by each '
of the parties hereto, the parties hereto agree as follows, to~wit~
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1~ (1) The Lessor hereby leases to the Lessee for the !
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purpose of developing, maintaining and controlling for public !
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purposes only, those certain lands lying within the City of :
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~ Fort Pierce, Florida, described as follows: . ~
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That property specifically described as +
, "Proposed City Park" and dedicated in i
accordance with a plat recorded in Plat
Book 10 at page 36 of the Public Records '
of St. Lucie County, Florida; excepting ~
. from this description that portion of the ~
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+ "Proposed City Park" which constitutes the ~
right-of-way for State Road A-1-A, and `
excluding the property used for Pump ;
Station Number One, located at the south- ;
east corner of said "Proposed City Park". ~
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(2) This lease shall be for a period of fifty (50) years, ;
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commencinq on December 13, 1976 and ending at midnight on the
13th day of December, 2026. i
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(3) The Lessee covenants and agrees to pay, in legal ~
~ ~ tender and lawful money of ~he United~tates at the time of '
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~ : payment, without demand, the i~ rent of $1.00, in advance, on ~
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. the first day of ~~year during the tena hereby granted, said
annual rent to commence on January 1, 1977. The Lessee further
: aqrees to maintain the property and structures presently located ;
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~ thereon and to carry fire and extended coverage on the improve- :
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~ ments, with the City of Fort Pierce listed as the named insured i
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on the existing structures. The Lessee shall also carry liabil- !
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~ ity coverage on the described premises in the same amount with ;
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F the same limits that the Lessor ordinarily carries for similar
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~ ; protection. In the event of any structures which are presently ~
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existing on the premises being destroyed, the proceeds of any ~
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insurance shall be peyable jointly to the Lessee and the Lessor,
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