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�a Y ' . • � 'J � �� � SITE ID: A-2-G-082-G ' ' SITE NAME: City of Zephyrhills SITE AGREEME T FOR LAND This Site Agreement For Land ("AgreemenY')ent red into as of thea`��ay of v�trr�,*-Gw , 1997, by and beiween CITY OF ZEPHYRHILLS,a municipality of State of Florida,whose address is 5335 Eighth Street, Zephryhills, FL 33540-4312 ("Owne�') and APT Tampal rlando, 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 following terms: For good and valuable consideration, the �eceip and sufficiency of which is hereby acknowledged and agreed,the parties hereto agree as follows: ' 1. PROPERTY. The property interests hereby lea d and granted by Owner (individually and coilectively, the"Project Site")shall include the following: [X] Real property comprised of approximatel 2,500 square feet cf land("Premises'); [X] Non-exclusive easements required to na , maintain and operate utility lines and cables on and to the Premises; and [X) Non-exclusive easement across Owners Property (hereinafter defined) for access, ingress and egress to the Premises • IN OR UPON THE Owners reai property("the O ners Property"), located at 6217 8�'Street, Zephryhills, FL 33540, in the County of Pasco, and legally described n 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 legally descri�ed on said Exhibit "B", attached hereto. All im rovements made to the Project Site pursuant to this Agreecnent shall be known hereafter as the"APT Facilitie ". 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 fifth annual annive�sary of the Commencement Date (the "Initial Term"), unless othen�vise teRninated as provided in Paragraph 9. APT hall have the right to extend the tertn of this Agreement for four(4)successive five(5)year periods(the"Renew I Terms") on the same terms-and conditions as set forth herein. This Agreement shall automatically be extended r each successhre Renewal Term on such same terms and condi6ons, unless APT notifies Owner in writing of intention not to renew�prior to commencement of the succeeding Renewal Term. 3. RENT. A. For the Initial Term, APT shall pay to ner annual rent in the amount o ("RenY') in quarterly paym nts of on the first day of January, April, July and.October, toget er with any applicable sates tax. If the obligation to pay Rent commences or ends on a day other than the first d of the quarter, then Rent shall be prorated on the basis of a ninety(90)day quarter and shall be delivered within 0 business days from the Commencement Date. B. For any Renewal Term, APT shall pay ent in the amount of Rent to be paid during the previous term(whether the fnitial Term or a Renewal Term), incre sed by an amount equal to a percentage of the Rent to be paid during such previous term, which percentage in rease shall be computed and established for the entire cunent Renewal Tenn at the beginning of each such R newal Term by multiplyjng the number of years in the previous term(whether the Initial Term or Renewal TeRn times C. Rent shall be paid electronically via el ctronic wire transfer, direct deposit or other paperless means into a bank account to be designated by Owne�. Owne� may from time to time, designate another bank account for the deposit of Rent provided the request is made in writing and received by APT at least sixty (60) days in advance of any Rent payment date. � R:U.ega1�MAIL MERGE DOCUMENTS�Basic Package Docu ents�IvfM_Conditional SA Land Revl 042397.doc 1 11/19