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Agenda 05/25/2010 Item #16D 1Agenda Item No. 16D1 May 25,2010 Page 1 of 5 EXECUTIVE SUMMARY Recommendation to approve a Second Lease Modification Agreement with The Children's Museum of Naples, Inc. to extend the construction completion date to December 31,2013. OBJECTIVE: Approve a Second Lease Modification Agreement with The Children's Museum of Naples, Inc., which is located at the North Naples Regional Park. CONSIDERATIONS: Pursuant to Article 2 C of the Lease Agreement dated December 16, 2003, The Children's Museum of Naples, Inc. Is required to complete construction of their facility, which is located on County-owned property at the North Naples Regional Park, by December 31, 2008. The Lease was later modified on February 12, 2008 to extend the completion date to December 31, 2010. At this time, The Children's Museum of Naples, Inc. has requested an extension for the completion date to be December 31, 2013. The attached Second Lease Modification Agreement has been prepared to revise the completion of construction to the aforementioned date of December 31, 2013. The Second Lease Modification Agreement also revises the date for the issuance of the Certificate of Occupancy pertaining to the museum facility. All other terms and conditions contained in the Lease Agreement and Lease Modification Agreement shall remain the same. FISCAL IMPACT: There is no fiscal impact related to this item. GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan. LEGAL CONSIDERATIONS: The proposed Second Lease Modification Agreement is legally sufficient for Board action. - JBW RECOMMENDATION: That the Board approves the Second Lease Modification Agreement with The Children's Museum of Naples, Inc., and authorize its Chairman to execute same. PREPARED BY: Michael Dowling, Sr. Property Management Specialist, Real Property Management, Facilities Management Department Item Number: Item Summary: Meeting Date: Agenda Item No. 1601 May 25, 2010 Page 2 of 5 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS 1601 Recommendation to approve a Second Lease Modification Agreement with The Childrens Museum of Naples, Inc. to extend the construction completion date to December 31, 2013. 5/25/20109:00:00 AM Date Prepared By Michael H. Dowling Administrative Services Division Property Management Specialist, Senior Facilities Management 5/3/20104:34:55 PM Approved By Date Skip Camp, C.F.M. Administrative Services Division Director ~ Facilities Management Facilities Management 514/2010 8:32 AM Approved By Toni A. Mott Administrative Services Division Manager - Property Acquisition & Const M Date Facilities Management 5/10/20108:03 AM Barry Williams Date Approved By Public Services Division Director ~ Parks & Recreation Parks & Recreation 5/10/20109:29 AM Approved By Marla Ramsey Public Services Division Administrator - Public Services Date Public Services Division 5/11/2010 11:12AM Date Approved By Jennifer White County Attorney Assistant County Attorney County Attorney 5/11/201011 :20 AM Date Approved By OMS Coordinator County Manager's Office Office of Management & Budget 5/11/201012:41 PM Date Approved By Jeff Klatzkow County Attorney 5/13/2010 2:25 PM Approved By Date Sherry Pryor ManagementJ Budget Analyst, Senior Office of Management & Budget Agenda Item No. 16D1 May 25.2010 Page 3 of 5 Office of Management & Budget 5/13/20103:11 PM Approved By Leo E. Ochs, Jr. County Manager Date County Managers Office County Managers Office 5/15/20104:15 PM SECOND LEASE MODIFICATION AGREEMENT Agenda Item No. 1f1 Lease #9]4 May 25, 2 10 Page4 f5 l.._ TIltS SECOND LEASE MODlFtCATION AMENDMENT entered into this _ day of 2010, between COLLIER COUNTY, a political subdivision of the State of Florida, whose mailing address is 3301 East Tamiami Trail, Naples, Florida 34112, hereinafter referred to as "LESSOR," and the CHtLDREN'S MUSEUM OF NAPLES, INC., whose mailing address is P.O. Box 2423, Naptes, Florida 34106, hereinafter referred as "LESSEE." WITNESSETH In consideration of the mutual covenants contained herein, and other valuable consideration, the parties agree as follows: WHEREAS, LESSOR and. LESSEE have previously enteredin10 Lease Agreement dated December 16, 2003, and WHEREAS, LESSOR and LESSEE have entered into a Lease Modification Agreement dated February 12, 200g, and WHEREAS, the LESSOR and LESSEE are desirous of amending the Lease Agreement, and NOW THEREFORE, in consideration of the covenants and agreements provided within said Lease Agreement, and Ten Dollars ($10.00) and other valuable consideration, said Lease Agreement is hereby amended as follows: 1. Article 2, Paragraph (C) is deleted in its entirety and replaced with the following: LESSEE agrees to complete the proposed Facility on or before December 31, 2013. LESSEE shall be responsible for providing LESSOR with a copy of the Certificate of Occupancy issued by Collier County for the completion oftne Facility. 2. Article 2, Paragraph (D) is deleted in its entirety and replaced with the following: Ira Certificate ofOceupancy for the Facility has not been issued on or before December 31,2013, then LESSOR shall have the option, upon sixty (60) days written notice to LESSEE, to terminate the Lease at any time after December 31, 2013, but before a Certificate of Occupancy forth Facility is issued. [f LESSOR exercises its right to terminate under this paragraph, the LESSOR can take possession of the Facility and all improvements on the Demised Premises without compensating LESSEE in any way. Upon issuance of a Certificate of Occupancy, LESSOR shall have no further right to terminate the Lease Agreement for nonperformance of the required construction. 3. Except as expressly provided herein, the Lease Agreement between COLLIER COUNTY and the CHtLDREN'S MUSEUM OF NAPLES, INC., dated December ]6, 2003 and the Lease Modification Agreement dated February 12, 2008, remain in full force and effect according to the terms and conditions contained therein, and said terms and conditions are applicable hereto except as expressly provided otherwise herein. IN WITNESS WHEREOF, the LESSOR and LESSEE have hereto executed this Second Lease Modification Agreement the day and year first above written. AS TO THE LESSEE: DATED: 'i /(/)// l> C7tii5' I Witness (Signature) ;) ::)"\~ r 111 (Print Name) AS TO TIlE LESSOR: DATED: ATTEST: DWIGHT E. BROCK, Clerk BY: Deputy Clerk Approved as to form and legal sufficiency: ~5),0~ Jennifer B. bite, Assistant County Attorney BOARD OF COUNTY COMMISStONERS, COLLIER COUNTY, FLORIDA BY: FRED W. COYLE, Chairman Agenda Item NO.1 01 May 25,2 10 Page 5 f 5