PRIME CONCEPTS DETROIT 29_BID PROPOSAL FOR RFP_22_09_01

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COMPANY PROFILE DECK - OCTOBER 2022PG. 27COMPANY PROFILE DECK - OCTOBER 2022In addition to the above, the Firm accepts the Fundamental Lease Provisions offered by the City and affirms the lease terms in this Proposal: Tentative Commencement Date: The tentative effective date of the lease agreement shall be thirty (30) Calendar days from the date of award by the City Commission (“Effective Date”). The Rent Commencement Date shall be the date the restaurant receives its Certificate of Occupancy. Minimum Base Monthly Rental: $20,000 (minimum), subject to annual 3% increases. Base percentage rate: 3% for sales above $6,000,000.00 and 5% for sales that exceed $8,000,000.00 $100,000.00 to be paid by Tenant at lease execution for the purchase of existing Furniture, Fixtures and Equipment. Landlord/Owner: City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Tenant: (TBD) Prime 29, Inc., on behalf of an entity to be assigned Premises: 18050 Collins Avenue Sunny Isles Beach, FL 33160 Initial Term: Ten (10) years, commencing on the Commencement Date Renewal Terms: Two (2) terms of five (5) years each, with rent due thereunder at the then existing fair market value as determined by the City in its sole reasonable discretion (i.e., adjusted for CPI). I, __________________________________________, ________________________________ Name of authorized Officer per Sunbiz and/or legal documentation Title of City of Sunny Isles Beach |Request for Proposal No. 22-09-01 39 ________________________________________________________________________ Name of Firm as it appears on Sunbiz and/or legal documentation hereby attest that I have the authority to sign this notarized certification and certify that the above referenced information is true, complete and correct. PROPOSED RENTAL SCHEDULE CONTINUED CAPITALINVESTMENTSCOMPANYINFOQUALIFICATIONSAPPROACHOURBRANDSCLOSINGFINANCIALSPrime 29, Inc., Request for Proposal No. 22-09-01