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R2024-65 Fourth Amendment to the Resturant Operator Agreement with Farmer's Table NPB,LLCRESOLUTION 2024-65 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA APPROVING A FOURTH AMENDMENT TO THE RESTAURANT OPERATOR AGREEMENT WITH FARMER'S TABLE NPB, LLC TO CONDUCT FOOD AND BEVERAGE OPERATIONS AT THE NORTH PALM BEACH COUNTRY CLUB AND AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE THE FOURTH AMENDMENT; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, through the adoption of Resolution No. 2019-27 on March 28, 2019, the Village Council approved a Restaurant Operator Agreement to Conduct Food and Beverage Operations at the North Palm Beach Country Club ("Lease Agreement") with Farmer's Table, LLC; and WHEREAS, through the adoption of Resolution No. 2019-49 on June 27, 2019, the Village Council approved a First Amendment to the Lease Agreement to modify the description of the premises to specifically include the sale of food and beverages, including alcoholic beverages, on the golf course; and WHEREAS, through the adoption of Resolution No. 2019-71 on July 25, 2019, the Village Council approved a Second Amendment to the Lease Agreement to allow the assignment of the lease to Farmer's Table NPB, LLC, with Farmer's Table, LLC remaining as the guarantor; remove the deposit requirement; clarify that the furniture will be the property of the Village and ensure replacement furniture is of the same quality; and provide authorization for the construction of improvements to the outdoor pavilion, including payment of all costs by Farmer's Table and the amortization of such costs; and WHEREAS, through the adoption of Resolution No. 2019-109 on September 26, 2019, the Village Council approved a Third Amendment to the Lease Agreement to revise the process for the review and funding of the pavilion improvements as set forth in the Second Amendment and to provide for amortization of both the pavilion improvements and the pool concession improvements; and WHEREAS, the Village Council determines that the execution of the Fourth Amendment to the Lease Agreement is in the best interests of the Village and its residents. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The foregoing recitals are ratified as true and incorporated herein. Section 2. The Village Council of the Village of North Palm Beach, Florida, hereby approves a Fourth Amendment to the Restaurant Operator Agreement with Farmer's Table NPB, LLC to Conduct Food and Beverage Operations at the North Palm Beach Country Club. The Village Council further authorizes the Mayor and Village Clerk to execute the Fourth Amendment, a copy of which is attached hereto and incorporated herein, on behalf of the Village. Section 3. All resolutions or parts of resolutions in conflict with this Resolution are hereby repealed to the extent of such conflict. Page 1 of 2 Section 4. This Resolution shall take effect immediately upon adoption. OFLORID OPTED THIS 18th DAY OF JULY, 2024. ��MAYOR ATTEST:4i� VILLAGE CLERK Page 2 of 2 Page 1 of 3 FOURTH AMENDMENT TO RESTAURANT OPERATOR AGREEMENT TO CONDUCT FOOD AND BEVERAGE OPERATIONS AT THE NORTH PALM BEACH COUNTRY CLUB THIS FOURTH AMENDMENT is made and entered into this 18th day of July, 2024 by and between the VILLAGE OF NORTH PALM BEACH, a Florida municipal corporation, having its main office at 501 U.S. Highway One, North Palm Beach, Florida 33408 (hereinafter referred to as the “VILLAGE” or “LESSOR”) and FARMER’S NPB TABLE, LLC, a Florida limited liability company, having its principal place of business at 1901 N. Military Trail, Boca Raton, FL 33431 hereinafter referred to as the “LESSEE”). WITNESSETH: WHEREAS, on March 28, 2019, the VILLAGE and LESSEE entered in a Restaurant Operator Agreement to Conduct Food and Beverage Operations at the North Palm Beach Country Club Lease Agreement”); and WHEREAS, on June 27, 2019, the VILLAGE and LESSEE executed a First Amendment to the Lease Agreement (“First Amendment”) to specifically authorize LESSEE to sell food and beverages, including alcoholic beverages, on the golf course and enable LESSEE to obtain an alcoholic beverage license covering the entire Country Club property; and WHEREAS, on July 25, 2019, the VILLAGE and LESSEE executed a Second Amendment to the Lease Agreement (“Second Amendment”) to: provide for the assignment of the Lease Agreement to Farmer’s Table NPB, LLC, with LESSEE remaining the Guarantor; clarify the provisions regarding furniture and furniture replacement; recognize capital improvements to the Premises funded by LESSEE and provide for an amortization schedule; and remove the requirement for a deposit; and WHEREAS, on September 26, 2019, the VILLAGE and LESSEE executed a Third Amendment to the Lease Agreement (“Third Amendment”) to revise the process for the review and funding of the Pavilion Capital Improvements as set forth in Section 5 of the Second Amendment and to provide for amortization of the Pool Concession Improvements; and WHEREAS, the parties wish to again amend the Lease Agreement to provide for an agreed upon expiration date and confirm the procedure and amount of the VILLAGE’s payment of the amortized cost of the Pavilion Improvements and Pool Concession Improvements. NOW THEREFORE, in consideration of the mutual benefits and promises set forth in the Lease Agreement, as amended, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Recitals. The foregoing recitals are ratified as true and incorporated herein. Docusign Envelope ID: 1612E742-A0C7-498E-9E16-5999FEF1FFAB Page 2 of 3 2. Termination of Lease Agreement. Notwithstanding any conflicting provisions set forth in Section 2 of the Lease Agreement, the VILLAGE and LESSEE mutually agree that the Lease Agreement shall expire on September 30, 2024. LESSEE shall cooperate with the VILLAGE and the new vendor selected by the VILLAGE to provide Restaurant and Catering Services at the Country Club to ensure a smooth transition of such services, with the new vendor commencing Restaurant and Catering Services as of October 1, 2024. 3. Payment of Amortized Improvement Costs. A. In accordance with Section 5 of the Third Amendment, the VILLAGE and LESSEE agree that the payment due to LESSEE for the cost of the Pavilion Improvements and Pool Concession Improvements shall equal $328,000.78 (or fifty percent (50%) of the actual cost). B. The VILLAGE shall pay the amortized cost in accordance with the provisions and requirements of Section 5.E of the Third Amendment, utilizing September 30, 2024 as the expiration date of the Lease Agreement. 4. Remaining provisions. All other provisions of the Lease Agreement, as amended, shall remain in full force and effect except as expressly modified by this Fourth Amendment. IN WITNESS WHEREOF, the parties have executed this Fourth Amendment on the date first written above. VILLAGE OF NORTH PALM BEACH VILLAGE SEAL) By:_______________________________ Susan Bickel, Mayor ATTEST: By:_______________________________ Jessica Green, MMC, Village Clerk WITNESSED BY: Print Name: Print Name: APPROVED AS TO FORM AND LEGAL SUFFICIENCY: By: _______________________________ Leonard G. Rubin, Village Attorney Docusign Envelope ID: 1612E742-A0C7-498E-9E16-5999FEF1FFAB Chuck Huff Samia Janjua Page 3 of 3 FARMER’S TABLE NPB, LLC Lessee) By:______________________________ Print Name: Title: WITNESSED BY: Print Name: Print Name: FARMER’S TABLE, LLC Guarantor) By:______________________________ Print Name: Title: WITNESSED BY: Print Name: Print Name: Docusign Envelope ID: 1612E742-A0C7-498E-9E16-5999FEF1FFAB Peggy Wysk Peggy Wysk Wendy Adel Wendy Adel