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Reso 2011-1749
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Reso 2011-1749
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Last modified
8/19/2013 2:24:28 PM
Creation date
7/22/2011 3:25:33 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2011-1749
Date (mm/dd/yyyy)
07/21/2011
Description
Approving a Ground Lease and Dev. Agreement w/4M Investors, LLC
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<br />with the indemnitor and/or this Lease. The provisions of this Section shall survive the expiration <br />or sooner termination of this Lease. <br /> <br />Section 6. Jurisdiction and Venue. The Lease shall be governed by, and construed and <br />enforced in accordance with, the laws of the State of Florida. <br /> <br />Section 7. Time. Time is of the essence of all the terms, provIsIOns, covenants and <br />conditions of this Lease. <br /> <br />Section 8. Not Binding Until Executed. Submission of this instrument for examination does <br />not constitute an offer, right of first refusal, reservation of or option for the Premises. This <br />instrument becomes effective as a Lease only upon execution and delivery by both Landlord and <br />Tenant. <br /> <br />Section 9. Radon. Radon is a naturally occurring radioactive gas that, when it has <br />accumulated in a building in sufficient quantities, may present health risks to persons who are <br />exposed to it over time. Levels of radon that exceed federal and state guidelines have been found <br />in buildings in Florida. Additional information regarding radon testing may be obtained from <br />your county Public Health Unit. Section 404.056(6), Florida Statutes. <br /> <br />Section 10. Entire Agreement and Modification. This Lease contains the entire agreement <br />between Landlord and Tenant and supersedes all prior negotiations, representations and <br />agreements, whether written or oral. This Lease may be modified only by an agreement in <br />writing signed by Landlord and Tenant. Any formally executed addendum to or modification of <br />this Lease shall be expressly deemed incorporated by reference herein unless a contrary intention <br />is clearly stated therein. <br /> <br />Section 11. Unavoidable Delay or Force Maieure. In the event either party hereto is delayed <br />in the performance of any act required hereunder by reason of an "Unavoidable Delay" (as <br />hereinafter defined), then performance of such act shall be excused for the period of the <br />Unavoidable Delay and the period for the performance of such act shall be extended for a period <br />equivalent to the period of the unavoidable delay; provided, however, the foregoing shall not be <br />applicable to Tenant's obligation to pay Rent, and any other sums or charges pursuant to this <br />Lease. For purposes of this Lease, the term "Unavoidable Delay" shall mean delays due to <br />strikes, acts of God, inability to obtain labor or materials, governmental restrictions, enemy <br />action, civil commotion, fire, other casualty or similar causes beyond the reasonable control of <br />the party hereto claiming such Unavoidable Delay. <br /> <br />Section 12. Interpretation. Landlord and Tenant hereby agree to interpret the terms, <br />conditions and provisions of this Lease in good faith exercising reasonable business judgment, <br />and to attempt to resolve any and all issues, disputes or conflicts that may arise hereunder in a <br />reasonable and fair manner. <br /> <br />Section 13. City's Representative. Landlord hereby appoints the City Manager of the City of <br />Sunny Isles Beach to serve as its representative. <br /> <br />31 <br /> <br />:)' I B <br />
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