Reso 2022-3376 - Laserfiche WebLink

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,VNNY/St* Ott tI, 1 V IS. � • %•• TRIPLE NET LEASEBACK AGREEMENT 'FLOFO Di SUH THIS TRIPLE NET LEASEBACK AGREEMENT ("Lease") is entered into and effective as of this 22 day of J.,1 2022,by and between THE CITY OF SUNNY ISLES BEACH, FLORIDA, hereinafter referred to as the "LANDLORD", and Suffolk Construction Company, Inc.,hereinafter referred to as the "TENANT",whose Federal I.D. # is 04-2776356. WHEREAS,the Landlord is the owner of that certain parcel of property located at 18050 Collins Avenue, Sunny Isles Beach, as more particularly described in the legal description set forth in Exhibit"A", in fee simple, together with the property and rights included therein (the "Property"); and WHEREAS,the Tenant desires to rent and lease a portion of the Property as a temporary construction office from the Landlord, and the Landlord has agreed to lease the same to the Tenant upon the following terms and conditions. NOW,THEREFORE, the parties hereto, intending to be legally bound hereby, and ir', consideration of the rents and covenants of the Tenant to be paid and kept as herein contained, the Landlord has agreed to lease unto the Tenant, and by these presents does hereby lease the Property unto the Tenant,and the Tenant hereby leases the Property from the Landlord, and the parties do covenant and agree as follows: 1. Lease Term.This Lease shall commence on July 23,2022(the"Commencement Date"), and shall terminate on December 23, 2022, unless terminated earlier by either party by giving the other written notice of termination fourteen (14) days prior to the date the tenancy shall end (the "Termination Date"). On the Termination Date, the Tenant shall be required to immediately vacate the Property. 2. Property. 2.1 Lease of Property. Landlord leases to the Tenant, and Tenant leases from Landlord the Property upon the terms specified in this Lease. 2.2 Acceptance of Property. Except as specified elsewhere in this Lease, Landlord makes no representations or warranties to Tenant regarding the Property,including the structural condition of the Property and the condition of all mechanical, electrical, and other systems on the Property. Tenant shall be responsible for performing any work necessary to bring the Property into condition satisfactory to Tenant. By signing this Lease,Tenant acknowledges that it has had adequate opportunity to investigate the Property, acknowledges responsibility for making any corrections,alterations and repairs to the Property, and acknowledges that the time needed to complete any such items shall not delay the Commencement Date. 3. Uses. The Property shall be used only by Tenant as a temporary construction office. The Property shall not be used for any other business or other purpose without the prior written 1