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RESOLUTION NO. 2019 - 2e <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA, APPROVING A FIRST <br /> AMENDMENT TO THE TRIPLE NET LEASEBACK <br /> AGREEMENT WITH CORNER HOUSE, LLC FOR THE <br /> PROPERTY LOCATED AT 15800 COLLINS AVENUE,ATTACHED <br /> HERETO AS EXHIBIT "A"; AUTHORIZING THE MAYOR TO <br /> EXECUTE SAID AMENDMENT; AUTHORIZING THE CITY <br /> MANAGER TO DO ALL THINGS NECESSARY TO EFFECTUATE <br /> THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br /> WHEREAS, on March 17th, 2016, via Resolution No. 2016-2534 the City entered into a <br /> Triple Net Leaseback with Corner House,LLC("Tenant")for the property located at 15800 Collins <br /> Avenue, Sunny Isles Beach, FL; and <br /> WHEREAS, the City and the Tenant agree to extend the termination date to October 16, <br /> 2020, and include a renewal option for an additional six (6) months; and <br /> WHEREAS,the City Commission wishes to approve the First Amendment to the Triple Net <br /> Leaseback Agreement the Corner House, LLC for the property located at 15800 Collins Avenue <br /> attached Exhibit "A. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Approval of Triple Net Leaseback Agreement. The City Commission hereby <br /> approves the First Amendment to the Triple Net Leaseback Agreement between the City and Corner <br /> House, LLC, attached hereto as Exhibit "A". <br /> Section 2. Authorization of the Mayor.The Mayor is hereby authorized to execute the Triple Net <br /> Leaseback Agreement between the City and Corner House, LLC. <br /> Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br /> things necessary to effectuate this Resolution. <br /> Section 4. Effective Date. This Resolution will become effective upon adoption. <br /> PASSED AND ADOPTED this 16th •: of ay 2019. <br /> Georg: . Scholl, Mayor <br /> R2019 First Amend Triple Net Leaseback with Corner House LLC.doc Page 1 of 2 <br />