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Reso 2013-2139
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Reso 2013-2139
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Last modified
12/12/2013 11:16:53 AM
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12/12/2013 11:16:45 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2139
Date (mm/dd/yyyy)
10/17/2013
Description
SubLease Agmt w/American Federated Title Corp. & SIB Quarterdeck.
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with a Management Agreement between Sublessor and Landlord, Sublessor shall manage the Pier <br /> owned by the Landlord adjacent to the Building (the "Pier"). Upon termination of Management <br /> Agreement, the Landlord shall select a management company. In the event Sublessor is not <br /> selected as the management company for the Pier, the Sublessor may consent to the selection of the <br /> management company provided that consent shall not be unreasonably withheld. Subtenant shall <br /> maintain in current status all necessary licenses and permits to operate a restaurant in the Building. <br /> 11. Construction of Improvements. Within Sixty (60) days from the date of the execution of <br /> this Sublease , Subtenant shall, at its own cost and expense, submit to Sublessor and Landlord for <br /> their written approval its plans for the commencement and completion of the construction, and the <br /> acquisition and installation of, the Subtenant's improvements to the Sublease Premises. Such <br /> improvements shall be completed no later than January 1, 2014 and the Beach Bar @ Newport Pier <br /> restaurant shall be opened for business no later than January 1, 2014. The opening of the Beach Bar <br /> @ Newport Pier restaurant may be extended due to and in accordance with Unavoidable Delay, as <br /> hereinafter defined in Section 30 of this Sublease. <br /> 12. Obligations of Landlord. In connection with this Sublease, Landlord agrees that it shall: <br /> 12.1 Pay for costs in the amount not to exceed Forty Thousand Dollars ($40,000.00) for <br /> modifying windows and doors in the Building in accordance with reasonable specifications of the <br /> Subtenant. The City reserves the right to pay the Forty Thousand Dollars ($40,000.00) as a rent <br /> credit; <br /> 12.2 Maintain the insurance required under the Prime Lease; <br /> 12.3 Remain responsible for the cleaning, repair and maintenance of the Pier exclusive of <br /> restaurant Building, as well as the structural components of the Pier and restaurant Building; <br /> 12.4 Provide separate water and electric meters for the Building; <br /> 12.5 Comply with all requirements of the Americans with Disabilities Act of 1990, as <br /> amended, the Florida Americans with Disabilities Accessibility Implementation Act and all other <br /> related state and local laws; <br /> 12.6 Be responsible for maintaining existing Turtle Lights. The City shall not be <br /> responsible for installing any new Turtle Lights; <br /> 12.7 Provide directional signage to the Project on Collins Avenue in Sunny Isles Beach, <br /> Florida. <br /> 13. Compliance With Laws. Subtenant shall promptly comply with all laws, orders, and <br /> regulations of all county, municipal, state, federal, and other applicable governmental authorities, <br /> including environmental laws, and all recorded covenants and restrictions affecting the Project, <br /> now in force, or that may hereafter be in force, pertaining to Subtenant or its use of the Sublease <br /> Premises. If, as a result of Subtenant's use of the Sublease Premises or the making of any <br /> 8 <br />
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