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� ti , , , . ' � •i � � .... . ., ; ' 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�i�rir►,(iw , 1997, by and between CITY OF ZEPHYRHILLS, a municipality of e State af Florida,whose address is 5335 Eighth Sheet, Zephryhills, FL 33540-4312 ("Owner") and APT Tampa/ rlando, Inc., a Delaware corporation, whose address is 8410 W. Bryn Mawr, Suite 1100, Chicago, IL 6d631-3486("APT'), provides for the granting and leasing of certain properiy interests on the following tertns: 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 ed and granted by Owner (individualty and collectively, the"Project Site")shall include the following: [X] Real property comprised of approximatel 2,500 square feet of land("Premises'); [X] Non-exclusive easements required to ru , maintain and operate util'ity lines and cab(es on and to the Premises;and [X] Non-exclusive easement across Owne Property (hereinafter defined) for access, ingress and egress to the Premises • IN OR UPON THE Owners reai property(°the ner's Properiy"), 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 i this Agreement. The Project Site is depicted and legaily descrit�ed on said Exhibit "B", attached hereto. Ail i rovements made to the Project Site pursuant to this Agreevnent shall be known hereafter as the"APT Faciliti °. 2. TERM. The term of this Agreement shali be fiv (5) and a fraction years, with the first year commencing on the date APT begins construction of the APT Facilitie ("Commencement Date")and terminating on the 31"day of December following the flfth annual anniversary o the Commencement Date (the "Initial Term"), unless otherwise terminated as provided in Paragraph 9. APT hall have the right to extend the term of this Agreement for four(4�successive five(5)year periods(the"Rene I Terms") on the same terms�and conditions as set forth herein. This Agreement shall automatically be extend for each successive Renewal Term on such same tertns and conditions, unless APT no6fies Owner in writing of its 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 pay ents of on the first day of January, April, July and October, tog ther with any applicable sales tax. If the obligation to pay Rent commences or ends on a day other than the first d y of the quarter, then Rent shall be pro�ated 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 Tertn, APT shall pay ent in the amount of Rent to be paid during the previous term (whether the Initial Term or a Renewal Term), inc ased by an amount equal to a percentage of the Rent to be paid during such previous term, which percentage i crease shall be computed and established for the enti�e current Renewal Term at the beginning of each such enewal Tenn by multiplying the numbe� of years in the previous term(whether the Initial Term or Renewal Te )times C. Rent shall be paid electronically via lectronic wire transfer, direct deposit or other paperfess means into a bank account to be designated by Owne . Owner may from time to time, designate another bank account for the deposit of Rent provided the request i made in writing and received by APT at least sixty (60) days in advance of any Rent payment date. R:1Lega1�MAIL MERGE DOCUMENTS�Basic Package Do mentslMM_Conditional SA Land Revl 042397.doc 1 11/19 �