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<br />park known as "Gilbert Samson Memorial Park," located at AlA (Collins Avenue) and 167th Street <br /> <br /> <br />and as more particularly described in Exhibit "B" attached hereto and incorporated herein. <br /> <br /> <br />3. Assi&nment of Permit Alreement. <br /> <br />a. In connection with the transfer of the Park, County also hereby agrees that <br /> <br /> <br />effective October 1, 1998, it shall transfer all its right, title and interest to the City in and to that <br /> <br /> <br />certain Permit Agreement by and between the County and the Holiday Inn Newport Pier Resort (the <br /> <br /> <br />''Permittee'') in which the County allowed Permittee to maintain and manager the Park in <br /> <br /> <br />consideration of the sun of$I,OOO per month. This Agreement is attached as Exhibit "C." <br /> <br /> <br />b. By execution of this agreement by the Permittee, Permittee indicates its <br /> <br /> <br />acceptance and acknowledgment ofthe transfer, effective October 1, 1998, of this Permit Agreement <br /> <br />and agrees to continue those obligations assigned hereby from the County. No further documentation <br /> <br />will be necessary to effectuate said transfer and activate the obligations under the Permit Agreement <br /> <br /> <br />by the City may issue a new permit agreement if agreed upon by the Pennittee. <br /> <br /> <br />4. Park Operations. In the event the Permit Agreement as set forth in Paragraph 3 <br /> <br /> <br />above terminates, then and in that event, in consideration of the County's transfer of the Park to the <br /> <br /> <br />City, the City itself or through its designee agrees effective October 1, 1998 to operate and maintain <br /> <br /> <br />the park for park purposes devoted to active or passive recreation without regard to commercial <br /> <br /> <br />benefit derived therefrom, if any. It is further agreed and acknowledged that, should the City of <br /> <br /> <br />Sunny Isles Beach at any time utilize the Park for any purpose other than park and recreational <br /> <br /> <br />purposes as defined by the City of Sunny Isles Beach, all rights, title and interest to such Park and all <br /> <br /> <br />improvements located thereon, together with all landscaping and maintenance responSIbilities for such <br /> <br /> <br />Park, shall revert to the County and the County shall have said Park reconveyed to it. <br /> <br />Put Jntcr!ool1 R. t <br /> <br />2 <br />