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HomeMy WebLinkAboutASSIGNMENT OF LEASE AGREEMENTCOA Market: Ft. Lauderdale - 5(;HNNED i�7�� Site No.: FL1573A BY � 3A Site Name: E Rt. 70/St. Lucie St. Lucie County 6L*0jsa-7z3 This Assignment of Lease Agreement ("Agreement") is made and entered into this 16 fZ day of ?uiu6 199.X to be effective as of the L day of-19LO.. 199,9"by and between NEXTEL SOUTH CORP., a Georgia Corporation with an office at 851 Trafalgar Court, Suite 300E, Maitland, Florida 32751 ("Assignor") and OPM-USA, a division of American Tower Systems, L.P., a Delaware limited partnership by ATSC G.P., Inc., a Delaware corporation, its General Partner, with an office at 325 Interstate Boulevard, Sarasota, Florida 34240 ("Assignee"). WHEREAS, on January 19, 1998, ADAMS RANCH, INC., ("Adams Ranch") entered into that certain Communications Site Lease Agreement (Ground) dated January 19, 1998, attached hereto as Exhibit A, as subsequently modified and amended by that certain Amendment To Communications Site Lease Agreement (Ground) dated January 19, 1998, hereinafter collectively referred to as the "Lease") pertaining to the lease of approximately Ten Thousand (10,000) square feet of land located in the County of St. Lucie, State of Florida, commonly known as 27000 Okeechobee Road, Ft. Pierce, Florida 34945, all as more particularly described in Exhibit "B" to the Lease and Exlnbit "A" to the Amendment to the Lease (the "Premises"); and WHEREAS, the parties desire that Assignor's interest in the Lease be assigned to Assignee and that Assignee assume Assignor's obligations under the Lease. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows: 1. The recitals set forth above are true and correct and made a material,part hereof. 2. All capitalized terns used herein, and not otherwise expressly defined, shall have the meanings given to such terms in the Lease. 3. Assignor warrants and represents to Assignee with respect to the Lease as follows: (a) Assignor is in sole possession of the Premises and has not subleased all or any part of the Premises or assigned the Lease or otherwise transferred its interest in the Lease or the Premises to any other party. (b) A true and correct copy of the Lease, together with all attachments, exhibits, addenda and amendments thereto is attached hereto as Exhibit "I", and constitutes the entire lease agreement between ADAMS RANCH INC, and NEXTEL SOUTH CORP. The Lease has not been amended, modified or changed, whether in writing or orally, except as stated in the copy of the Lease and the Amendment attached hereto. H: ib DeV1Leasm11573Assu.daa Page 1 4/9/98 Market: Ft. Lauderdale SiteNo.: FL1573A Site Name: E Rt. 70/St. Lucie (c) The expiration date of the Lease Term is as stated in the Lease. Assignor has not exercised any options or rights to renew, extend, amend, modify or change the Term of the Lease, except as may be stated in the copy of the Lease attached. (d) Assignor is a Georgia Corporation, in good standing, and all requisite acts have been taken by the Assignor as required to authorize the individual signing below to execute and deliver this Agreement on behalf of Assignor. (e) This Agreement is valid and binding upon Assignor and enforceable in accordance with the provisions hereof. (f) This Agreement shall be governed by the laws of the State of Florida. 4. For fair and adequate consideration received, Assignor hereby assigns, sells, transfers and sets over unto. Assignee all of the right, title and interest of Assignor in, to and under the Lease, with such transfer and assignment to become effective as of —Ib"— 164 , 199—Me "Effective Date"). 5. Notwithstanding this is a complete assignment and transfer of Assignor's right, title and interest in the Lease, and notwithstanding the Lease contains options to renew the tern or to lease additional space, in consideration of this Agreement and Assignor's continuing liability and obligation to Lessor under the terms and conditions of the said Lease, Assignee, jointly and severally, hereby covenants and agrees with Assignor that Assignee will not surrender or abandon the Premises, enter into any assignments or subleases of the Lease, agree to any modification or change of any of the terms and conditions of the said Lease, agree to any extension of the term of the said Lease, or lease additional space without Assignor's prior written consent and approval, which Assignor may, in its sole and absolute discretion, withhold such consent and approval. Assignee hereby agrees and covenants with Assignor to provide Assignor with copies of any and all notices or other communication from Assignee to the Lessor or from the Lessor to the Assignee relating to the Lease, this Agreement or any other term and condition of the said Lease. 6. Assignee, jointly and severally, agrees to and does hereby assume each and every obligation of the Assignor as Lessee under the Lease which arises or accrues on or after the Effective Date and hereby agrees to indemnify and hold Assignor harmless with respect thereto. In the event that the Lessor under the Lease notifies Assignee of any deficit or excess with respect to the operating expenses under the Lease relating to time periods prior to the Effective Date, such amount shall be the responsibility of and shall be paid by Assignor in the case of deficits, or in the case of excesses, shall be paid by Assignee to Assignor. 7. In addition to the acts and deeds recited in this Agreement and contemplated to be performed, executed and/or delivered under this Agreement, Assignor and Assignee agree to perform, execute and/or deliver or cause to be delivered, executed and/or delivered all further deeds and assurance reasonably necessary to consummate the transaction contemplated hereby. HAS@e_DevlLw=%Y573AMd= Page 2 4/9/98 Market: Ft. Lauderdale SiteNo.: FLI573A Site Name; E Rt. 70/St. Lucie 8. The Assignor shall not be liable for any damage or injury to any person or property whether it be persons or property of the Assignee, the Assignee's employees, agents, guests, invitees, or otherwise by reason of Assignee's occupancy of the Premises or because of fire, flood, windstorm, acts of God or for any reason beyond Assignor's control. Assignee, jointly and severally, agrees to, and hereby does, indemnify and save harmless Assignor from and against any and all loss, damage, claim, demand, liability or expense by reason of damage or injury to persons or property which may arise or be claimed to have arisen due to Assignee's breach or failure to promptly and timely to comply with all terms and conditions of the Lease or as a result of Assignee's occupancy or use of the Premises by the Assignee or by reason thereof or in connection therewith, or in any way arising on account of any injury or damage caused to any persons or property on or in the Premises, or arising out of or in connection with this Lease of the Premises including reasonable attorneys' fees and costs, through all appellate actions and proceedings. 9. This Agreement may be executed in several counterparts, each of which shall be effective as an original, all nonetheless constituting but one and the same agreement. IN WITNESS WHEREbF, the parties hereto have caused this Agreement to be executed and delivered in the manner required by law as of the day and year first above written. Signed, sealed and delivered in the presence o,9,7 , Witness Print Name: Witness j/ Print N &?ZVJ � 71� ASSIGNOR: NEXTEL SOUTH CORP., a Georgia Corporation ! / By:)((/3 L Print Name: MOMS SS QAJR,ntsoc J Title: RAWA 49& Atzv41- &Cfo61' Exe,c}�ted on L6 day ofy1 199ZS (SIGNATURES CONTINUED ON FOLLOWING PAGE) HASite}levU. %1573As d= Page 3 4/9/98 Market: Ft Lauderdale SiteNo.: FL1573A Site Name: E Rt. 70/St. Lucie STATE OF FLORIDA COUNTY OF The foregoing instrument was subscribed and acknowledged before me this 14 day of Scw, .i , 19t by T. as r(--gc-z-. Pco% of NEXTEL SOUTH CORP., a Georgia Corporation, who is personally known to me, or who has produced as r en cation Land did (did not) take an oath. WITNESS my hand and official seal. OEBRA MOROAN Print Name g�wm. +d+r. as, a000 OF iLPP My Commission Expires: Signed, sealed and delivered in the presence of: "Witness ryry.. -- //�� / Prin Name: ,, LeJu E k Ut" on/ 1 ess rintN e:T.L- tPeAusan ASSIGNEE: OPM-USA, a division of American Tower Systems, L.P., a Delaware limited partnership by ATSC G.P., Inc., a Delaware corporation, its General Partner. By: Print Name: Title: J , 7 Executed on It day of ►^� 199� (SIGNATURES CONTINUED ON FOLLOWING PAGE) HASiq-D"\ eMft\J5AA=.,bc Page 4 4/9198 Market: Ft Lauderdale SiteNo.: FL1573A Site Name: E Rt 70/St. Lucie STATE OF FLORIDA llipi foregoing instrument was subscribed and cka_gwr, of a tX EIC day of 199 b K , a Iv, bf 7 ` en Tower Systems, L.P., a elaware limited partnersitip by ATSC G.P., Inc., a Delaware corporation, its General Partner, who is personally known to me, or who has produced as identification and who dida not) take an oath. WITNESS my hand and official seal. I�i..n My Commission Expires: ! L • v3- &2 Page 5 v 4/9/98 oz �'J •xi ci.J FL - 67-�,-19 t,415T r0i- -7 D I sr wctc tQ t tM D t?C0- AGREEMENT ASSIGNMENT AND ASSUMPTION OF GROUND LEASE MEMORANDUM OF AGREEMENT This Memorandum of Agreement is entered into on this [6-1 day of 'SIN", 1998 by and between NEXTEL SOUTH CORP, a Georgia corporation, qualified to do business in the State of Florida, d/b/a/ Nextel Wireless Communications,("Assignor"), and OPM - USA , a Division of American Tower Systems, L.P., a Delaware limited partnership, with an office at 325 Interstate Boulelvard, Sarasota, FL 34240 (hereinafter referred to as "Assignee'), and Adams Ranch, Inc., (collectively, "Landlord"). 1. Assignor and Landlord entered into a Communications Site Lease Agreement (Ground) ("Agreement") on the 19th day of January, 1998, for the purpose of installing, operating and maintaining a radio communications facility and other improvements. All of the foregoing are set forth in the Agreement. 2. Assignor has granted all of their right, title and interest in the Agreement to Assignee as of the lt# day of�1998. Ti kt 1%,1998 3. The tent of the Agreement is for five (5) years commencing on Y("Commencement Date') and terminating on the 8tth anniversary of the Commencement Date (the "Term") unless otherwise terminated as provided in Paragraph 10 with four (4) successive five (5) year options to renew. 4. The land which is the subject of the Agreement is described in Exhibit "A" annexed hereto. The portion of the land being leased to Assignee (the "Premises') is described in Exhibit "B" annexed hereto. IN WITNESS WHEREOF, the parties have executed this Memorandum of Agreement as of the day and year first above written. Print Name ASSIGNOR NEXTEL SOUTH CORP, a Georgia corporation d/b/a Nextel Wireless Communications Signature "7'kwwt S: Crht/i2cmiSKl Print Name Title o M azm �2 x .. Go m l 9 Or F1 *Uro = 0� �o gym-^ N�to p oro amn f., Fr C3 r) o c x r� '-r n 0 µ' mC3 n r� !0116 • OR BOOK 1161 PAGE 0317 Signed, sealed and delivered in the presence of. Witness Print Name: Witness Print Name: STATE OF FLORIDA COUNTY OF ky - -- T foregoing instrumevnt was acknowledged before me this day of J Ilan 0 1998, by Thomas L Gawronski, as Florida Area President of Neatel South Corp., a Georgia corporation, who is versonally-Immm to me or who has produced as identification and who did (did not) take an oath. `WTINESS my hand and official seal Notary Public T Print Name +e'01 ?vote UGjaRAMOR°Mro7aa r MYbeMWON *a as My commission exp `* ®wI+' Mar �' Qaoo r,%0i M1 Signed in the presence of two witnesses: .CF- 41a e l 6uc, K C &od m Irl Print Name O ign tre }4 I� Print Name Ti H Y STATE OF COUNTY OF ASSSIGNEE OPM-USA, a Division of American Tower Systems L.P. By: ATSC:;s , iQQr�neralP n Signature]] I1( David J. Pedwell (print name signed above) Address: 325 Interstate Boulevard Sarasota, FL 34240 The foregoing instrument was acknowledged before me this _ day of , 1998, by who is personally known to me or has produced as identification. My Commission expires: Notary Public —State of Florida STATE OF FLORIDA COUNTY OF SARASOTA The foregoing instrument was acknowledged before me this ay of� 1998, by David J. Pedwell, Vice President of ATSC GP, Inc., General Partner, who is personally kno a or has produced as identification. My Commission expires: IZ• 23• L1�__ o P blic — State of Florida it, JAIME PATTENSOM MY comman / o0 ERNS: oxemer 2 90ed0ThMN*MFUb Unn M9GDM6 61 N EXHIBIT A to the Agreement dated -TVM`r' 1 6-d 199 r by and between OPM-USA, a Division of American Tower Systems, L.P., a Delaware limited partnership, Assignee, and Nextel South Corp., a Georgia corporation, d/b/a Nextel Communications, as Assignor. The Land is described and/or depicted as follows: DESCRIPTION OF LAND 6 EXIT MIT H t�ar�.ttntn Moab 90 to the Agreement dated ,',RIt•/� 1 b 41 , 199�, by aatl'6Clav8efl O1A, a Division of American Tower Systems, L.P., a Delaware limited partnership, as Assignee, and Nextel South Corp., a Georgia corporation, d/b/a Nextel Communications, as Assignor. DESCRIPTION OF PREMISES , The Premises are described and/or depicted as follows: O : .. AREDNT, TRACT (y _ LEGAL f)ESCF2IPTIUN ' O '.•".ALLTKgTPOUNIV FLORVV11; TOWNSj0P38;SOUT1iTWtOG jTCASTI.YING )YGf1i1fAN0• STO..,I' " :. . _.. ST.-.LLICIE.COtJNTy, FLORIDA., •. - .,.. .'LEASE SITE Ltak 0ES'CRHTIM' :' _ .. WF F,STATE AOAn2n mxF�laiJEF RtLip7;, •.,I . .:NORTH STATE OFOLLOWS-AD'70 NOFi7MYEST1la (ONE•Ql/AR1Et�0ESECTI -'• Y ., .'' .. '. NOA7H ANO WEST,OF STATE ROAD'70(OKEECH09EE ROAD). ST.� J•UDECbUMy; �1..TOWNSFaP'396.OUf1{)ygjMF37'�T.LYING .I - :.• I44,BEING.MOREP,ARTICUlAftLY DESCRISEO AS ' COMMENCING AITtiE WTERSECTIONOF.THE WI^`rl1NE'OFJIfE:j{OR7}NVESYI/A(ONEiOjIgRtERJ OF SAID 6ECTIOtQIt WITHiHE' Bi6ELR1E OF SUfit�YOFSAD 8TATE'ROf67ptSTATi07i 95;+3&42J'AS SF{Or1'N ONT STATE OFFOF SAID secTlOMEM TH .TRMtSPORTATION tUGHT-0F.1yATo F,ORSTATEROAD)OfSr�RON N40/030.25t2. VM NO. 1f 1920a _ O Vmt R`!O 1974 TIiENCE�:� JJ .NOfi7H 69ro744•FASTALONG SIIO SASFLtNE OFSr1RYEY;A OLSTANCE OF 702i0 FEET,:TFENC�NORTH 2O'Sr'S5'WES1:'DEPARTING $AID T•1 -.Y eiSELOJE'OF BIIf;y�',ADISFARCEOF278.07 FEET, TO7HE PaIM OF9ECINNNl70F7HE FOCLO4VINO CESCRIeFO NE)OEI LFASE SIZE: ' Y THENCE'MORTH 78'6120"WEST.ADl4TANCE OF 100,00 FEET: TFtEN. NORTH.73.09401.63T,ALTST!UtCE.OF tdapO fEET,•YHEGINNCE EOLITH .:. 8 16'S520'EAST,AWSTANCE OF 100.00 FEETi 7FENCESO11iF{.73.OB'f0'V,ZEST•'ADIS7IWCE OF 180:OO Fff1':.TO THE FOINi OF BENCES IT -. . • "COt•RAINIFX3 S0,000 SQUARE FEET OR 0.229E ACRC9 MORE OR LESS.•.. ,.`' - . ' 20FOOTWIDE ACCESSEA38dF!!1'LEGAI.�F,3t;Rtprl . . AS7RIP.OF'1A3d120 FEEI'WYJIUTHFOR ACC£SS EASEMENT F'UIIFOXS LYING THE NIXii3hyE5T 1N (pt1E-0ll0.RTER)OF$Arp bEGTION: 1 T, TOWNSIiN7Q aa3:3L RANGE 37"FAST. ST. LUGS COUNTY: FLo .. EACH SIDE bFTHEFOL'LOWINO DE§CRIBE CENIERLWE: R�'iTHEbIDQV{ES OF SAID ACCESS.k4.mMEMftYiNO f0 FEE70N ... .. COM4ENCSNGAiTHE POINT CFeEGINNNi3 SOU4M'ES7 CORN=..., .'.: .e...': •.Y. •THENCE NOf{TN TSO9'(O:FAST.ALOND THESOUH{ERLY UNE'OF SAI#O LEASE SITE3 OF TF¢A801,E DESCR18E0'R1EXiL-L.S.EASE SlTli: ra-5t'10'tlLf[gt' ... •FOLOyNCCJUB ®DCe$frTEpRU4NLSET;:p'F:..SA.f. ONE08,EFt 24, .19.2T.E.fBAgL iNOj18THEE/l.p$P7D,IAtJDf fO5TANCE OF, 77S ITHE NcE NOR TMNCE RILGBNJE7T�.H .F jOpFET TO ppMO BEGMNO F 7}E O�VqFEE7: jFt1CF0'F -•- - 'IWFJtSECTIDN`W7NTHEES1NOANCEOF8i80FEET -TO Aft. :WAYMAP SECTION?O:g1070Z3ZNOAiiERYMANTAINDRGHt�F.WAY ENE SAID 57ATE ROAD 70A3_?.!y!PNO.i11V;0VTED OCFF7ER6tNONFS40CEHTE 7