Reso 2009-1454 - Laserfiche WebLink

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AMENDMENT TO LEASE .rJ This Amendment to Lease ("Amendment") is made and entered into effective as of the Ho day of July, 2009, by and between, the City of Sunny Isles Beach, Florida ("Landlord") and Vanguard Car Rental USA Inc. ("Tenant"). RECITALS: WHEREAS, Landlord and Tenant previously entered into that certain First Addendum to Lease Agreement on or about April 14, 2005, (the "Addendum") which modified that certain Lease Agreement dated July 8, 1997, (the "Original Lease") leasing certain premises located at or commonly known as 18080 Collins A venue, City of Sunny Isles Beach, and as more particularly described in the Addendum ("Revised Premises"); and WHEREAS, Landlord and Tenant desire to amend the terms of the Original Lease and Addendum as hereinafter provided. NOW, THEREFORE, for and in consideration of the mutual covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant do hereby agree as follows: 1. Definitions. All terms used in this Amendment which are defined in the Original Lease or Addendum shall have the same meaning in the Lease or Addendum, unless otherwise specifically defined herein. Any conflict or inconsistency between definition and terms between the Original Lease and Addendum shall be governed by the definition in the Addendum. 2. Term and Renewal. Section 4 of the Addendum shall be amended to provide that Landlord and Tenant hereby agree that Tenant shall be provided twenty-four (24) months of continuous occupancy beginning on August 1, 2009 and ending on August 1, 2011. After August 1, 2011, the Term shall continue on a year-to-year basis upon prior written consent of the City to such continuation and the Original Lease may be terminated in accordance with Section 3 below. 3. Early Termination. The first sentence of Section 10 of the Addendum shall be eliminated in its entirety and the following shall be added to the remainder of that Section. After August 1, 2011, Landlord may terminate the Original Lease provided that Landlord supplies Tenant with at least four (4) month's advance written notice of such termination. 4. Relocation Costs. Section 11 of the Addendum shall be eliminated in its entirety. Taxes. Sections 6 and 16 of the Original Lease shall be modified to provide that Landlord shall use its best efforts to secure a re-platted site plan of the entire Premises, as defined in Original Lease, in order to clearly separate the parcels for purposes of tax assessments and to reflect the actual occupancy of 50% of the Premises by Landlord as set forth in the Addendum. Page 1 of 2