C-1_FIND_Lease_Agreement.pdf

This document is a lease agreement between the Florida Inland Navigation District (Landlord) and the Board of County Commissioners of Brevard County (Tenant) for the DMMA BV-52 property located in Palm Bay, Brevard County, Florida. The lease is specifically for the dredging of muck from the Indian River Lagoon near the Eau Gallie River, with the initial project area consisting of dredging 376,000 cubic yards of muck from Area 1A, located just north of the Eau Gallie Causeway. The lease term is from October 15, 2023, to December 31, 2026, with a potential renewal option. The project involves dredging, dewatering, and managing dredged materials, with the dredge pipeline proposed to extend from Area 1A to the FIND BV-52 Dredge Material Management Area.

The lease agreement outlines comprehensive terms including the Tenant's responsibilities for site remediation, environmental compliance, and restoration. Key financial terms include no direct rent payment, but the Tenant must perform site restoration, vegetation removal, and perimeter ditch maintenance. The Tenant is required to provide a performance bond of $100,000 and maintain substantial liability insurance with a $20 million combined single limit coverage. Additional obligations include groundwater monitoring, baseline sampling, surface erosion control, and adherence to specific environmental guidelines. The lease includes provisions for handling hazardous materials, site access, and detailed specifications for vegetation removal, grass establishment, and ongoing maintenance of the dredged material management area.