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<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />City Commissioll <br />Norman S. Edelcup, Md)'or <br />Lewis J. Thaler, Vi,v Aldror <br />Roslyn Brczin, COll1miuirmer <br />Gerry Goodman, ('oJ!/lJIi(,iOlIt'r <br />George "Bud" Scholl, C;immifJioner <br /> <br />OF su'" <br /> <br />(305) 947-0606 City "all <br />(305) 949-3113 I,'ax <br />(305) 947-2150 Building Department <br />(305) 947-5107 ','ax <br /> <br />Rick Conner, G/)' Mdnd~er <br />Hans Ottinot, G/)' /II/om,)' <br />Jane A. Hines, Cify Clerk <br /> <br />MEMORANDUM <br /> <br />TO: The Honorable City Commission <br />FROM: Hans Ottinot, City Attorne~ <br />DATE: July 16, 2009 <br /> <br />RE: A Resolution Approving an Amended Lease Agreement with Vanguard Car <br />Rental USA, Inc. ("Alamo") <br /> <br />RECOMMENDA TION: <br /> <br />It is recommended that the attached Resolution be approved. <br /> <br />REASONS: <br /> <br />In May 2005, the City acquired the property located at 18080 Collins A venue, commonly known <br />as the "Alamo property". The City and Vanguard Car Rental USA, Inc. ("Alamo") agreed to <br />modify the existing lease agreement. Alamo is currently occupying half of the aforementioned <br />property. The amended lease currently has eight (8) years remaining. Under the amended lease, <br />the City is required to pay termination fees and relocation costs if the City terminates the lease. <br />The amended lease also requires the City to obtain the consent of Ala~o if the City seeks to <br />terminate the lease prior to 2009. Alamo's consent is not required after 2009. <br /> <br />Alamo has asked the City to amend the lease agreement to provide for mutual consent for <br />termination until August 2011. Alamo indicates that mutual consent is needed to provide stability <br />to its business operations in Sunny Isles Beach. In return, Alamo has agreed to release the City <br />from its obligation to pay relocation costs under the amended lease. These costs are not specified <br />in the lease agreement. However, under the law, Alamo may request relocation up to $20,000.00. <br /> <br />As a point of information, the City's redevelopment plan for the Alamo property will not be <br />impeded by this minor amendment. <br /> <br />/Attachment <br /> <br />I\bb-oW: l ^ L <br />Agenda Item V <br /> <br />Date I... JI.e.- oq <br />