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THIS
AI4ENDMENT

TO PITT SLIP MARINA LEASE AGREEMENT dAICd

Septenber 18, 1985, entered into this Ehe /74- day of October, 1985, by and betlrteen the CITY OF PENSACoLAT FLORIDA, a municipal

corporation of FlOrida, hereinafter calted the nLessorri and FLORIDA suN INTERNATIONAL, INC., a Florida corporation, hereinafter called the "Lessee" whose addregs is 2828 Edgewater Drive, Post office Box
!717 A' Orlando, Florida 32854.
WITNESSETH:

Leasor and Lessee entered into that certain'Pitt slip Marina Lease Agre"*unt' on September 18. 1985, whereby the
I'JHEREAS.

to the Lessee and the Lessee leased fron the Lessor certain submerged and uPIand lands cornmonly referred to as 'Pitt
LesBor leased

Slipi;

and

WHEREAST

Lessor and Lessee desire to amend a particular

provision of the aforesaid Pitt Slip Marina Lease Agreement in order to conform the term of lhe agreeJllent Lo the terrn of that certain Lease Agreenentr dated May 18r 1983 bett'reen Lessor and the Board of Trustees of the fnternal fmProvenent Trust Fund of the state of Florida for a portion of the Pitt SIip property, Now, THEREFORE,
FOR AND

IN

CONSTDERATION OF

che mutual obligations and

benefits hereunto pertaining and other good and valuable consideration, Lessor and Lessee agree as follows: 1. Paragraph Ir.c. of that certain Pitt Slip lrarina Leae Agreement, dated september IB, 1985, between Lessor and Lessee is amended to read as follows:
Parcel IA C. The term of this Lease,/Sublease for(27) years, shall be for a period of twenty-seven conrnencing frorn the date that the State of Florida (lhrough the Board of Trustee8 of the hCernal Inprovement Trust Fund) approves bhe sublease fron bhe Les6or to the Lessee. uPon expiration of the twenty-seven (27 ) year ternr the Lease,/Sublease nay be renewed in successive five (5) year increnents subject co the Lessee, as the sublessee, complying wibh all terms and conditions during the preceding

J.ease period and upon payment of a lease fee from the Lelsee to the Lessor egual to tbe appraised rental value as established by a fee appralsal conducted during the last year of the precedlng lease tern as charged to bhe Lessor by the state of Flortda under its iease Agreeneni, The Lessor and the Lessee agree to coopeiate in securing renewals of the State lease. 2. The terme and conditions of the aforesaid Pltt Slip Marina Lease Agreenent ehal1 otherwise remain in ful1 force and effect as though they were set forth fulLy herein. IN WITNESS WHEREOF, bhe Lessor and the Lessee have caused this agreement to be executed by their authorized representatlves the day and year first htricten above.

CITY OF PENSACOLA'

a municipaL corporation, Leasor

a Florida corporation for Profit

Lessee

FLORIDA SUN INTERNATIONAL, INC.

STAgE or T'I,oRrDA COUNTY'OF ESCAMBIA

Before the subscriber personally appeared Rodney L. Kendig and pauline Johns, knovrn to mi ro be the individuals described by said names, who executed the foregoing instrument, and io be the City ilanager and city c]erk, respectively, of bhe City of Pensacola, a municipil corporation, and acknowledged and decl'ared that they as City ltaniger and City Clerk of said corporation and being duly authorized by it, signed its name and affixed its seal to and executed the-sald initrurnent for it and as its aci and deed.

or

G{vq.n,uFder my hand and of f

-V:{AItL

,1e8s.

icial seal this

H1 /7 *'day

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.,

FdrrrlFlmrre-

state of Florida at.I,,arge

Uy commission ExPireit:
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l'\
STATE OF FLORIDA
COUNTY

OF ESCA}'BIA

Before bhe subscriber personally appeared WiIIlam A. Headley' .tr. and Charles K. cofeson, known to me to be the individuals described by said names, rrho executed the foregoing instrument' and to be the Executive Vice Presidenc and Assistant Secretaryt respectively, of FLoRIDA SUN INrERNATIONAL, INC. r a Florida corporatlon for profit, and acknowledged and declared that they as Exeiutive Vice president and Assist.ant Secretary of eaid corporation and being duly authorized by it, signed its name and affixed its seal to ind executed the sald instrurnent for it and as its act and
deed.

D " State of F'lorida at i Lirge

c

TARY

PUBLIC

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comnission Expireb t
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STATE OF FLORIDA COUNTI OT ESCAUBIA

Before the subscriber personally appeared wllIian A. Headley, to be the indlvlduals Jr. and charles K. colesonl known to me OlscribeO by said names, wiro executed ghe foregoing instrurnent, and bo be the Execubl.ve Vice President and Asslstant secretary, respectively, of FLORIDA SUN INTERNATIONAL, INC.r a Florida corloration-ior profit, and acknowledged and declared that they as Exe-cutive Vice Piesldent and Assistani Secretary of said corPoration and belng duly authorized by it, signed its nane and afflxed its seal to ind eiecuted the sa-id instrurnent for it and as its act and
deed.

of

GivFD Under

flzd/nLu.,u

ny hand and official

seal this

//.day
--+ :^n. lil

i<Ai

1985.

tt
NMARY

of Florida at. borge

lly

Cornrntssion ExPlies :
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