Reso 2011-1692 - Laserfiche WebLink

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ADDENDUM TO LEASE AGREEMENT STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION Item/Segment No. : Managing District: State Road County Parcel Nos. 2488311 Six A1A & 856 Miami-Dade 653 & 654 THIS IS AN ADDENDUM to that certain Lease Agreement (the "Agreement") between THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION (Lessor) and THE CITY OF SUNNY ISLES BEACH, a Florida municipal corporation (Lessee), and hereinafter collectively known as the "Parties", dated the day of 2011. In addition to the provisions contained in said Agreement, the following terms and conditions shall be deemed to be a part thereof pursuant to Paragraph 9 (b) of said Agreement, and is incorporated therein. 1. Paragraph 2. USE: Use of the parcel shall be for the following: . Public parking for fee for motor vehicles; . Public Works mobile office and storage facility; . Basketball court for public use. 2. Paragraph 3 RENT is hereby modified as follows: nJ 0.. ~~~ o..l'V\..OV-,,4-e} Notwithstanding the provisions of Paragraph 3, the arties ree that the Lessee shall pay Lessor, as rent, forty (40%) percent of s reve es collected from the use of iJLo. the property for public parking which consists of parking spaces. The Parties ,t"{O further agree the Lessee shall bear all expenses and operational costs from the aha1 ,4-s (60%) share of ~ 9 revenues. Rent payments shall be made quarterly on or before the 1 st day of the third month following the preceding three months in which such revenues were received. Each quarterly payment shall be accompanied by a Lessee's signed statement which shall state the total amount of revenues for the period covered and the computation of the rental payment due Lessor. In addition, the Lessee shall provide the Lessor with an annual statement of the proceeds for each 12-month period of the term, within 30 days ,aLC\- from the end of the prior 12-month period; such annual statement to be signed by the ~ Lessee and certified by ~jfied P"bli~eeuAtant. The Lessee shall make all rental payments and submit all r venue reports required by this arrangement to the address in Paragraph 3 of the Lease greement. ~ .. '~\ D N"' ~ +-or :-r l-L. ~ T~ j 't-'\ ^N'\..c.e- I ~ v The Lessee shall maintain a set of books, accounts and records covering the operations that are subject to this Agreement, said books, accounts and records to be of the same types as those customarily used in these types of operations in accordance with accepted accounting practices and standards for such period of time as is proVided Page 1 of4