Reso 1997-0008 - Laserfiche WebLink

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ADDENDUM TO BUSINESS LEASE THIS ADDENDUM ("Addendum") forms a part of the lease ("Lease") dated September I, 1997 between RK Associates, hereinafter called the "Lessor", party of the first pan, and City of Sunny Isles Beach, hereinafter called the "Lessee", party of the second pan. WIT N E SSE T H: To the extent the terms of this Addendum conflict with those contained in the Lease, the terms of this Addendum shall controL The terms of the Lease which are not modified by the terms of this Addendum shall remain the same and in effect. As an inducement for Lessee to accept 17070 Collins Avenue, Suite 250-252, hereunder the "leased premises as a City Hall" for the City of Sunny Isles Beach, which shall include its municipal offices, police headquaners, meeting rooms, public hall, and related municipal functions for the City, Lessor grants Lessee rent concessions as follows: I. Monthlv Rent! Rent Abatement. a, It is understood and agreed between the panies the no rent shall be due, and any rent that would otherwise be due shall be abated, until, and not to begin before, the thineenth (13th) month of this Lease. b. Schedule of Rent Concession: Lease Period Monthlv Rent Annual Rate Per Square Foot of Rentable Area Actual Monthlv Rent Months 1-12 Base Rent -$17,000 Discount ($12,833,34) $4.16 -0- 13 -60 $4.16 $4,166.60 c. During the calendar year 1999, at the sole discretion of the Mayor and the City Council, the base rent in the lease will be reviewed once again. If the city's budget provides for an increase in the rent, Lessor and Lessee will agree on adequate terms for a modification to the terms contained in this Lease Agreement, d. As an additional concession, Lessee's ponion of operating expenses MIAMl;F;\DOCS\LMD\RE\64102.1 ;S/131fJ7 (11;09am)