Reso 2025-3871 - Laserfiche WebLink

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6. Exterior Book Drop. The City will continue to permit the exterior book drop/book return located on the exterior of the Government Center building for the convenience of residents. The County is responsible for the ongoing maintenance and operation of the book drop, and responsible for any costs associated with its replacement or repair. 7. Right to Cancel. Either Party may cancel this Lease during the Initial or Additional Term periods by Notice of Cancellation to those listed in Section 16 - Notices of this Lease six (6) months prior to the intended date of cancellation. In the event the City cancels this Lease Agreement before the Initial Term expires, it shall provide the County at no additional cost and with no interruption of service, except reasonable time for relocation, a space comparable in size and amenities to the existing Library and acceptable to the County Mayor or County Mayor's designee, and this Lease shall remain in full force and effect. The City shall be responsible for the full costs of such relocation, including design, permitting, construction, furniture, fixtures, and equipment (FFE), and relocation for the new Library. In the event of a cancellation of this Lease by the City the County shall have no further obligation to establish or relocate the Library to another location within Sunny Isles Beach. If improvements of over $100,000 were made by the County within two years of notice of cancellation by the City, the City will reimburse the County for the actual cost of said improvements during the first year and based on Generally Accepted Accounting Principles for straight-line depreciation from the date of substantial completion of the improvements, using the following useful life assumptions of seven (7) years for technology installations (e.g., data cabling, audiovisual equipment, security systems) and ten (10) years for other improvements. The depreciated reimbursement amount shall be calculated on a straight-line basis without interest or acceleration and shall be based on the respective useful life of each improvement category as described above. The improvement costs shall be determined based on documented and verifiable invoices provided by the County to the City. County improvement costs shall not include any costs reimbursed to the County by the City or any third party., The County will notify the City of planned improvements over $100,000. 8. Option to Extend. This Lease shall be automatically extended for a maximum of three (3) additional five (5) year terms (hereinafter the "Additional Terms"), subject to the same terms and conditions of this Lease. If either Party desires to cancel or terminate this Lease during the Initial Term or Additional Terms, the Right to Cancel process outlined in Section 7 of this Lease shall be followed. 2025 SUNNY ISLES LIBRARY INTERLOCAL LEASE AGREEMENT 320 MDC011