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plus sales tax, for nonexclusive use of the Parking Spaces. Should the sales tax rate change under <br />the Florida Sales Tax Statute or other applicable statutes, Chase shall pay the City the amounts <br />reflective of such changes. The payments shall be remitted to the City's Finance Department and <br />due no later than the 1 st day of each month. First month payment shall be remitted to the City <br />within fifteen (15) days following the Effective Date, provided City has delivered Chase all <br />necessary documents to set up payments, as set forth in Section 16 below. Chase will be required <br />to pay any City parking application fees or permit fees. Chase shall be required to pay a three <br />percent (3%) increase annually for each subsequent anniversary year under this Agreement. <br />4. Term. Subject to the Parties rights to terminate the Agreement as set forth in Section 12, this <br />Agreement shall remain in effect on a month-to-month basis. <br />5. Notice. Any notices required by this Agreement shall be in writing and shall be deemed to have <br />been properly given if transmitted by overnight mail, registered or certified mail with postage <br />prepaid return receipt requested, or by a private postal service, addressed to the Parties (or their <br />successors) at the following addresses: <br />If to the City: <br />Stan Morris <br />City Manager <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Fourth Floor <br />Sunny Isles Beach, Florida 33160 <br />Tel: (305) 792-1701 <br />With a copy to: <br />City Attorney Office <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Fourth Floor <br />Sunny Isles Beach, Florida 33160 <br />Tel: (305) 792-1767 <br />If to Chase: <br />JPMorgan Chase Bank, National <br />With a copy to: <br />Association <br />JPMorgan Chase Bank, National <br />1111 Polaris Parkway <br />Association <br />Mail Code OH 1-0241 <br />1111 Polaris Parkway <br />Columbus, Ohio 43240-2050 <br />Mail Code OH1-0274 <br />Attn: Property Administration <br />Columbus, Ohio 43240-2050 <br />Manager <br />Attn: Real Estate Strategic Plan <br />Director <br />With a copy to: <br />JPMorgan Chase Bank, National <br />Association <br />Legal Department <br />1111 Polaris Parkway <br />Mail Code OHI -0152 <br />Columbus, Ohio 43240-2050 <br />Attn: Real Estate Counsel <br />6. Improvements. No structures or improvements of any kind shall be placed upon the Parking <br />Spaces without prior written approval of the City. <br />7. Maintenance. Chase shall keep and maintain the Parking Spaces within the Property in good <br />and clean condition, including the regular removal of all litter and trash. Except for Tenant's <br />Page 2 of 6 <br />