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S��uY 'S F City of Sunny Isles Beach <br /> � 18070 Collins Avenue <br /> (51t::1‘': = IT Sunny Isles Beach, Florida 33160 <br /> 11 z"ly <br /> (305)947-0606 City Hall <br /> `•o:. s• " (305)949-3113 Fax <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> FROM: Hans Ottinot, City Attorney <br /> DATE: 3/17/2016 <br /> Approving Triple Net Leaseback Agreement with Corner <br /> RE: House, LLC for the Property Located at 15800 Collins <br /> Avenue <br /> RECOMMENDATION: <br /> It is recommended that the City Commission approve the attached <br /> Resolution. <br /> REASONS: <br /> The City owns the property located at 15800 Collins Avenue. The <br /> developer of the Ritz-Carlton Residences has the desire to lease the <br /> aforementioned property for an 18 month period at $5,000.00 per <br /> month. The City Commission had previously approved a Letter of Intent <br /> regarding the Lease Agreement. <br /> ATTACHMENTS: <br /> Description <br /> Resolution <br /> Lease <br /> Item Number: 10.D. <br /> 96 <br />