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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 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3 I 13 Fax <br />(305) 947-21 SO Building Department <br />(305) 947-5107 Fax <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis J. Thaler, Vice Mayor <br />Gerry Goodman, Commissioner <br />Roslyn Brezin, Commissioner <br />George "Bud" Scholl, Commissioner <br /> <br />RECEIVED <br />JUN 1 7 2009 <br /> <br />C'llJ 01 SUnny 1(\!Cl' BOIIOh <br />:..... _! "!! f ~. ~ .if.'; ;'_' . <br /> <br />Rick Conner, Acting City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, CMC, City Clerk <br /> <br />MEMORANDUM <br /> <br />The Honorable City Commission <br />Rick Conner, Acting City Manager <br /> <br />Hans Ottinot, City Attorne~ <br />March 16, 2009 <br /> <br />Parking Agreement with Fortune International Hospitality LLC. <br />(Le Meridian) <br /> <br />In the zoning report regarding the conditional use application filed by Le Meridian, (the "Applicant") <br />staff indicated that approval was not recommended unless the parking issue is resolved. The parking <br />issue has been resolved between the Applicant and the City. The City has agreed to lease up to 60 <br />spaces to the applicant at either of the parking lots located under the Lehman Causeway or Heritage <br />Park. The City will lease the parking spaces under the following terms: <br /> <br />(I) Lease 20 spaces for the first three (3) years and 40 spaces thereafter; <br /> <br />(2) $65.00 per space on a monthly basis for the first two (2) years of the <br />Agreement to increase to $85,00 per space during the third year, and the <br />rate will be $95.00 per space after the third year. This rate will be subject to <br />a 3% CPI per year; <br /> <br />(3) The Agreement will remam In effect as long as the Beach Club use IS <br />permitted on the site, <br /> <br />During the first two years, the City will receive a yearly lease payment of $15,600,00, The payment <br />will increase to $20,400,00 during the third year. Thereafter, the payment will be $68,400.00 per year <br />subject to a 3% CPI. For your convenience, I have attached the executed agreement between the City <br />and Fortune International Hospitality, LLC. <br /> <br />Should you have any questions, please feel free to call me. <br /> <br />HO/jb <br /> <br />cc: Fernando Amuchastegui, Assistant City Attorney <br />Jorge Vera, Asst City Manager/Service <br />Doug Haag, Asst City Manager/Finance <br />