Reso 2021-3189 - Laserfiche WebLink

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DocuSign Envelope ID: Bi B2BE1F-352D-4DDE-880E-F60D755B391A ADDENDUM TO LEASE AGREEMENT STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION Item/Segment No.: 2488311 Managing District: Six State Road AtA & 856 County Miami -Dade Parcel Nos. 653 & 654 THIS IS AN ADDENDUM to that certain Lease Agreement (the "Agreement') between THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION (Lessor) and THE CITY OF SUNNY ISLES BEACH, a Florida municipal corporatior},i and hereinafter collectively known as the "Parties", dated the 5 day of 2021. In addition to the provisions contained in said Agreement, the following terms and conditions shall be deemed to be a part thereof pursuant to Paragraph 9 (b) of said Agreement, and is incorporated therein. Section 1. Property and Term is hereby modified to include the following: The parties entered into a lease agreement dated July 181h, 2011, wherein Lessee had an option to renew the lease agreement for an additional ten (10) years. The parties are entering into this Lease Agreement as a result of Lessee's election to exercise its option to extend the lease term for an additional ten (10) years ("Extension"). Upon termination of this Extension, the following will apply: Department procedures require that excess parcels be reviewed every ten (10) years or in this case, upon the termination of this Extension period, in order that the Department may determine whether the parcel is required for transportation purposes or remains available for sale or lease ("Department Review"). In the event that Lessee intends to re -let the parcel upon expiration of the lease term pursuant to this Lease Agreement, Lessee shall provide one -hundred and twenty (120) days prior written notice to Lessor so that Lessor may timely undertake its Departmental Review of the parcel. If at such at time it is determined that the parcel continues to be available for lease, a new lease agreement will be required with new terms and conditions. Section 2. USE: Use of the parcel shall be for the following: • Public parking for fee for the general public ; • Lessee's Public Works storage area; Basketball court for public use. Section 3. RENT, is hereby modified as follows: Notwithstanding the provisions of Paragraph 3, the Parties agree that the Lessee shall pay Lessor, as rent, forty (40%) percent of all gross revenues collected from the use of the leased area. The Parties further agree the Lessee shall bear all expenses and operational costs from its sixty percent (60%) share of all gross revenues. Revenues Page 1 of 4