Reso 99-113 - Laserfiche WebLink

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garage on the F.D. O.T. propety. This approval must be received within thirty (30) days of execution of this contract. In the event approval is not received, Buyer may elect to terminate this agreement and receive a refund of its deposits, including all accrued interest. However, in the event Buyer requires and extension of time in order to receive this approval, Seller may elect to grant Buyer an extension of time for an additional thirty (30) day period. As consideration for this extension, Buyers deposit will automatically become non- refundable and be considered as earned for the additional time frame alloted in the event Buyer is unable to procure the appropriate approvals by the end of the extension period. (7) EXISTING LEASE TERMINATION: a) It is acknowledged that Seller is the Owner and Lessor of premises at 17070 Collins Avenue Suites 250-256 , Sunny Isles beach Florida presently leased to the City of Sunny Isles Beach and utilized for both the City Hall, Government Center. Provided there are no uncured monetary defaults under the lease, Seller agrees to terminate the existing lease in place for the premises without penalty upon receipt of Four (4) full calendar months written notice from the City of Sunny Isles Beach. It is agreed that this termination provision is being provided solely with the intent of The City of Sunny Isles terminating their lease in order to relocate to there new Government Center building. Termination of the lease for any other reason will not be valid. b) After the closing on the property which is the subject of this contract, Seller/Lessor will have the right to show the premises which the City currently leases to potential Lessors provided Seller shall not unreasonably interfere with Lessee's business operations. c) Seller agrees that the upon vacating the premises, the City of Sunny Isles Beach may remove its equipment, removable fixtures, furnishings and electronic equipment from the leased premises, including five partitions outside the City managers and City attorney's offices and the Commission Dais in the Commission Dais. All other partitions shall remain and Buyer shall leave the premises in satisfactory leasable condition, less reasonable wear and tear. The City agrees to provide all plans and specs to Lessor that were utilized to construct their improvements. READ AND APPROVED THIS 61H- DAY OF January 1999 BY: CITY SUNNY R.K. ASSOCIATES ,VHI INC. ISLES AC ER") (SELLER) AVID SAMS N, MAYOR RAANAN KATZ, RESIDE T