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� • t • . . � •� � _ ' SITE ID: A-2-G-082-G ' ' SITE NAME: City of Zephyrhills SITE AGREERflENT FOR LAND This Site Agreement For Land ("AgreemenY')entered into as of thea��ay of • mtrr�,.-Gw , 1997, by and between CITY OF ZEPHYRHILLS,a municipality of the State of Florida,whose address is 5335 Eighth Street, Zephryhills, FL 33540-4312 ("Owner") and APT Tampa/O�tando, Inc., a Delaware corporation, whose address is 8410 W. Bryn Mawr, Suite 1100, Chicago, IL 60631-3486 ("APT'), provides for the granting and leasing of certain property interests on the foliowing terms: For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and agreed,the parties hereto agree as follows: 1. PROPERTY. The property interests hereby leased and granted by Owner (individually and coilectively, the"Project Site")shall include the following: [X] Real property comprised of approximately 2,500 square feet of land(°Premises"); [X] Non-exclusive easements required to run, maintain and operate utility lines and cabies on and to the Premises; and [X] Non-exciusive easement across Owners Property (hereinafte� defined) for access, ingress and egress to the Premises • IN OR UPON THE Owners real property("the Owner's Property"), tocated at 6217 8�'Street, Zephryhills, FL 33540, in the County of Pasco, and legally described on Exhibit"A"attached hereto,which OwnePs Property is subject to APTs interest in the Project Site as set forth in this Agreement.The Project Site is depicted and legaliy descrit�ed on said Exhibit "B", attached hereto. All improvements made to the Project Site pursuant to this Agree�nent shall be known hereafter as the"APT Facilities°. 2. TERM. The term of this Agreement shall be five (5) and a fraction years, with the first year commencing on the date APT begins construction of the APT Facilities("Commencement Date")and terminating on the 31"day of December following the fiith annual annive�sary of the Commencement Date (the "Initial Term"), unless otherwise terminated as provided in Paragraph 9. APT shall have the right to extend the term of this Agreement for four(4)successive five(5)year periods (the"Renewal Terms")on the same terms�and conditions as set forth herein. This Agreement shall automatically be extended for each successive Re�ewal Tertn on such same terms and conditions, unless APT notifies Owner in writing of its intention not to renew prior to commencement of the suc,ceeding Renewal Term. � 3. RENT. A. For the Initial Term, APT shall pay to Owner annual rent in the amount o ("RenY') in quarterly payments of on the first day of January, April, July and October, together with any applicable sates tax. If the obligation to pay Rent commences or ends on a day other than the first day of the quarter, then Rent shall be prorated on the basis of a ninety(90)day quarter and shall be delivered within 20 business days from the Commencement Date. ' B. For any Renewal Term, APT shall pay Rent in the amount of Rent to be paid during the previous term(whether the Initial Term or a Renewal Term), increased by.an amount equal to a percentage of the Rent to be paid during such previous tertn, which percentage increase shall be computed and established for the entire current Renewal Term at the beginning of each such Renewal Term by multiplyjng the number of years in the previous te�m(whether the Initiaf Term or Renewal Term)times � C. Rent shall be paid electronically via electronic wire transfer, direct deposit or other paperless ' means i�to a bank account to be designated by Owner. Owner may from time to 6me, designate another bank account for the depusit of Rent provided the request is made in writing and received by APT at least sixty (60) I days in advance of any Rent payment date. R:U.egallMAIL MERGE DOCUMENTS�Basic Package Documents�MM_Conditional SA Land Revl 042397.doc 1 11/19