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<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue, Suite 250 <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3 II 3 Fax <br />(305) 947-2150 Building Department <br />(305) 947-5107 Fax <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis Thaler, Vice Mayor <br />Isaac Aelion, Commissioner <br />Jeanette Gatto, Commissioner <br />George "Bud" Scholl, Commissioner <br /> <br />Jorge Vera, Acting City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, CMC, City Clerk <br /> <br />MEMORANDUM <br /> <br />TO: The Honorable City Commission <br /> <br />FROM: Jorge Vera, Acting City Manager <br />Hans Ottinot, City Attorney <br /> <br />DATE: March 9,2011 <br /> <br />RE: Lease Agreement/Parking Areas under the Lehman Causeway <br /> <br />Recommendation: <br /> <br />This Resolution is presented for your consideration. <br /> <br />Reasons: <br /> <br />The City is required to enter into a lease agreement with Florida Department of Transportation <br />("FDOT") for the parking areas under the Lehman Causeway. The City is not required to pay <br />lease payment to FDOT; however, FDOT has requested a 60/40 split of parking revenues. <br />Specifically, FDOT is requesting 40% of gross revenues from the City. The City has rejected this <br />request in the past and will negotiate with FDOT about revenue sharing. <br /> <br />In addition to parking, the City will be able to use the parking area for a basketball court. Please <br />note that the lease term is for ten (10) years with the right to renew the lease after expiration. <br /> <br />\ <br /> <br />Agenda Item 3 t:: <br />Date ~- 5? ' Ii <br />