Reso 2014-2193 - Laserfiche WebLink

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"ryNl ItIE OF i oa) CITY OF SUNNY ISLES BEACH !o; PARKING LICENSE AGREEMENT This Parkino License Agreement (this "Agreement ") is made as of the UTfday of t_KU . 2014, by and between the CITY OF SUNNY ISLES BEACH, a mu icipal corporation (the "City') and REGALIA BEACH DEVELOPERS. LLC. (Regalia') and/or assigns. RECITALS WHEREAS, Regalia is in need of additional parking by Regalia's employees. contractors. subcontractors, agents, representatives and invitees in order to accommodate potential overflow parking in connection with the Regalia project located at 19505 Collins Avenue (the "Project'); and WHEREAS, the City and Regalia (collectively referred to as "the Parties') desire to enter into a exclusive parking license agreement for twenty (20) parking spaces in the parking lot located underneath the William Lehman Causeway at State Road (SR) 856 /William Lehman Causeway/NE 192 "d Street and Collins Avenue (the "Property'). NOW, THEREFORE, in consideration of the execution and delivery of this Agreement 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 true and correct and are incorporated herein in their entirety. 2. Use of William Lehman Causewav Parking Lot. The Citv hereby licenses to Regalia the right to use on an exclusive basis twenty (20) designated parking spaces located within the Property for use by Regalia's employees; contractors; subcontractors; agents. representatives and invitees in order to accommodate potential overflow parking in connection with the Project. No other use of the Property is permitted without the express written permission from the City. Any vehicles not parking in the approved spaces and/or not displaying the parking permit from the City will be ticketed by the City's Parking Department. The parking area may be fenced for security purposes subject to approval from the City and the Florida Department of Transportation ( "FDOT "). The type, design and location of the fence and fence material shall be chosen by the City. Regalia shall reimburse the City the costs associated with permitting, construction and maintenance of the fence. 3. License Fee. Regalia shall pay a monthly fee of $4,000.00 (Four Thousand Dollars) for exclusive use of the twenty (20) designated parking spaces located within the Property. The payments shall be remitted to the City's Code and Parking Department and due no later than the I" day of each month. The first payment under this Agreement shall be made in advance of the first month and every subsequent month thereafter. Regalia will be required to pay any City parking application fees or permit fees. Regalia shall be required to pay a 5% (five percent) increase annually for each subsequent year under this Agreement.