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• <br /> • <br /> Lessor City of Sunny Isles Beach <br /> Attn:Finance Director <br /> 18070 Collins Avenue <br /> Sunny Isles Beach,FL 33160 <br /> Imo: American Federated Title Corp.as Trustee <br /> Attn: Robert M.Cornfeld <br /> 3850 Hollywood Boulevard,Suite 400 <br /> Hollywood,FL 33021 <br /> Lessee's Fed Tax ID No: <br /> Premises: The restaurant facility, bait shop, and second floor of <br /> restaurant facility located at 16501 Collins Avenue, Sunny <br /> Isles Beach, FL 33160, as generally described in Exhibit <br /> "C". Upon delivery of additional"outdoor dining"areas to <br /> LESSEE, the term Premises shall include the outdoor <br /> dining areas located on the North and Northwest/Southwest <br /> areas of the restaurant and bait shop building. <br /> Notwithstanding the foregoing,the term Premises shall not <br /> include outdoor dining areas except if the LESSOR is able <br /> to obtain permission from permitting agency to use such <br /> area for dining purposes and the Rent is adjusted for use of <br /> such areas for dining purposes. <br /> Initial Term: 20(twenty)years,commencing on the Effective Date. <br /> Renewal Terms: 3 (three) terms of 20 (twenty) years, and another 1 (one) <br /> term of 10 (ten)years as provided in Section 4.The Initial <br /> Term and any Renewal Terms,if exercised,are collectively <br /> referred to herein as the"Term". <br /> R,,,ant: Ten Thousand Dollars ($10,000.00) per month, subject to <br /> adjustment as provided in Section 5. Rent may increase <br /> upon the negotiating of the use of outdoor dining areas. <br /> Permitted Use: Restaurant,bait shop and permitted ancillary uses. <br /> SECTION 2. USE OF PREMISES AND CONDITIONS OF PREMISES. <br /> (a) LESSEE shall use the Leased Premises solely for the Permitted Uses. The <br /> Permitted Uses are retail sale of food items, alcoholic beverages, and fishing supplies to the <br /> patrons of the Pier in compliance with federal,state,and local laws.LESSEE may not use the <br /> Premises for any other purpose without obtaining the prior written consent of LESSOR,which <br /> consent shall not be unreasonably withheld. Lessee shall sell only frozen bait at the bait shop. <br /> Live bait shall not be sold at the bait shop.No outdoor dining shall take place on the Premises <br /> or the Pier unless approved by the City. <br /> 3 <br />