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<br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />RE: <br /> <br />City of Sunny Isles Beach <br />18070 Coli ins Avenue <br />Sunny Isles Beach, Florida 33 160 <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis J. Thaler, Vice Mayor <br />Roslyn Brezin, Commissioner <br />Gerry Goodman, Commissioner <br />George "Bud" Scholl, Commissioner <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />(305) 947-2150 Building Department <br />(305) 947-5 107 Fax <br /> <br />A. .John Szerlag, City Manager <br />Hans OUinn!, City Allorney <br />.Jane A. Hines. CMC, City Clerk <br /> <br />MEMORANDUM <br /> <br />The Honorable City Commission ^ <:: O~___ <br />A. John Szerlag, City Mana~oIl ~Dr:J' <br />March 20, 2008 <br /> <br />First Amendment to Parking Agreement with Aventura Beach Club <br />Condominium Association (Ramada Inn) for Parking at Heritage Park <br /> <br />Recommendation: <br /> <br />It is recommended that the City Commission consider the attached resolution approving the First <br />Amendment to Parking Agreement with A ventura Beach Club Condominium Association, alk/a <br />Ramada Inn ("Association") for parking at Heritage Park. <br /> <br />Reason: <br /> <br />After many months of negotiations, we have reached an agreement for parking and associated <br />maintenance responsibilities with Association for parking at the Heritage Park. More on point, <br />we now have the financial obligations of the Association relative to all elements associated with <br />the parking structure. <br /> <br />Additional Information: <br /> <br />The life span of a parking structure is approximately 40 years, and the Association wanted to <br />know specifically, what costs they could expect over that timeframe. As such, we have worked <br />out the following and pursuant to the attached Agreement: <br /> <br />1. The Association will remit to the City of Sunny Isles Beach ("City") $135,000 per <br />year until the parking structure is operational. I expect this timeframe to be from <br />three (3) to five (5) years. <br /> <br />2. We are going to construct approximately 500 parking spaces in our parking structure; <br />400 of them will be allocated for the Association, Once the structure becomes <br />operational, the Association will pay to the City a fixed amount per parking space per <br />month based on a tiered approach. Specifically, the tiered system will be as follows: <br /> <br />Agenda Item 16M. <br />Date 3-2-0 - 6 g <br /> <br />l <1111111"'1<111 111',1 \11l,l1d1l1,111 1<\ l'arkll1g \gr",1l1,111 \\ ,'111 111 a \" 1"1 l'alkll1g at I krlla", 1'0111 <br />