Reso 2013-2163 - Laserfiche WebLink

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ASV "NY'S4 Ir City of Sunny Isles Beach 18070 Collins Avenue i Sunny Isles Beach, Florida 33160 (305) 947 -0606 City Hall t (305) 949 -3113 Fax F L O R\OP SAP (305) 947 -2150 Building Department c rY o F s u N P`°o (305) 947 -5107 Fax MEMORANDUM TO: Honorable Mayor and City Commission FROM: Christopher J. Russo, City Manager DATE: November 21, 2013 City Commission Norman S. Edelcup, Mayor Isaac Aelion, Vice Mayor Jeanette Gatto, Commissioner Jennifer Levin, Commissioner George "Bud" Scholl, Commissioner Christopher J. Russo, City Manager Hans Otti not, City Attorney Jane A. Hines, MMC, City Clerk RE: Resolution approving the First Amendment and Consent to Assignment between the City of Sunny Isles Beach, American Federated Title Corp., as trustee under Florida Land Trust #3258, and Beach Bar @ Newport Pier, LLC RECOMMENDATION This Resolution is presented for your consideration. REASONS The City of Sunny Isles Beach, Florida (the "City "), and American Federated Title Corporation, as Trustee under Florida Land Trust #3258 ( "Assignor ") entered ii-ito a Lease Agreement dated July 26, 2013 for the lease of restaurant facilities and a bait shop located at the Historic Newport Fishing Pier ( "Pier "). City and Assignor are also parties to a Management Agreement for the Pier exclusive of the restaurant and bait shop. Assignor desires to assign and Beach Bar @ Newport Pier, LLC, a Florida limited liability company ( "Assignee ") desires to assume Assignor's rights and obligations with respect to the Management Agreement in order for Assignee to manage the Pier. The Parties agree that the admission fees collected from the Pier shall be divided and shared evenly 50/50 between the City and Assignee. In turn, the Assignee's 50% share of admission fees collected shall be divided and shared between the Assignor and Assignee. The remaining terms and conditions of the Management Agreement shall remain in full force and effect.